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Abdul Wahid Outlines His Mandate at PNB

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PETALING JAYA: Permodalan Nasional Bhd (PNB) chairman Tan Sri Abdul Wahid Omar has been tasked to improve the corporate performance of the fund and its group of companies.

The fund is the controlling shareholder in Sime Darby Bhd, UMW Holdings Bhd and Malayan Banking Bhd (Maybank), the bank in which Wahid had previously led as president and chief executive officer.

Wahid, in a statement yesterday, said his mandate also included enhancing bumiputra participation in the business and corporate sector as well as supporting the Government in providing more affordable homes for Malaysians.

Wahid will start his new role at PNB today.

“Thank you for all the support you have given to me in my previous roles. I look forward to your continued support in my new role as chairman of this very important national institution,” he said.

Wahid said that during his two-month break prior to his new appointment, he had spent quality time with family and worked as an Uber driver.

“It has been one of the most fulfilling periods in my life. When I registered as an Uber partner, I wanted to experience personally what it is like to do ride-sharing, how easy or difficult it is to earn a living using the latest technology, and to provide input to policy makers. Something I could not do when I was still a minister,” said Wahid.

Over the past 28 years, he had the privilege of working in many organisations including KPMG, Bumiputra Merchant Bankers (BMB), UEM Group, Telekom Malaysia (TM), and the Government, before deciding to take a two-month break.

“Apart from my first two jobs at KPMG and BMB, I did not apply for the other positions. They all came by invitation,” he said.

Essentially, Wahid advised the young people that the key lesson learnt is to focus on the task at hand, do well in their career and their reputation would precede them.

“Even your competitor will acknowledge your achievements. A case in point is when I was the CEO of TM, I was approached by the then chairman of Maxis, who is now Maybank chairman, to lead Maybank as CEO in its transformation into a regional financial services group. The rest as they say, is history,” he said.

A chartered accountant by profession, Wahid had also spearheaded the transformation of TM.

He was also instrumental in the UEM Group recovery-process.

During Wahid’s tenure as Minister in the Prime Minister’s Department, he had supervised several government agencies such as the Economic Planning Unit (EPU), Unit Kerjasama Awam Swasta, Statistics Department, Ekuiti Nasional Bhd, Talent Corp Malaysia Bhd, Unit Peneraju Agenda Bumiputra, and Yayasan Pendidikan Peneraju Bumiputra.

Wahid was the president and CEO of Maybank from 2008 to 2013, and director of Amanah Capital Group from 1994 to 2001.

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