30-04-2025
- Business
- New Straits Times
Farid Alias leaves CelcomDigi for top role at Bursa Malaysia
KUALA LUMPUR: Tan Sri Abdul Farid Alias has stepped down from his board positions at CelcomDigi Bhd, including as an independent director, effective today.
This follows his appointment as non-executive chairman of Bursa Malaysia Bhd, which takes effect on May 1, the company said in a bourse filing.
CelcomDigi said Farid left on good terms, with no issues raised with the board or shareholders.
The former Malayan Banking Bhd president and chief executive officer joined the CelcomDigi board as an independent director in June 2023.
His two other board roles were chairman of the audit committee and member of the nomination and remuneration committee.
In a separate filing, CelcomDigi said Khatijah Begom Shah Mohamed and Vimala VR Menon, both independent non-executive directors, remain as members of the audit committee.
"The board is currently taking steps to fill the vacancy to comply with the Main Market Listing Requirements," the company said.
For the nomination and remuneration committee, the composition now includes Datuk Iain John Lo as chair and Vimala as member.
On March 27, Bursa Malaysia announced Farid's appointment as its new chairman, effective May 1.
Farid, 57, has served on Bursa Malaysia's board since July 2022. He will succeed Tan Sri Abdul Wahid Omar, who retires today after completing his five-year tenure.
A seasoned chartered banker, Farid brings 30 years of experience in banking and financial services, specialising in investment banking, commercial banking, and capital markets.
He has held various roles at institutions such as Maybank Investment Bank Bhd, Schroders Malaysia (L) Ltd, Malaysian International Merchant Bankers Bhd, and JP Morgan in Malaysia and Singapore.
