Sime Darby names chairman as new structure underway

Sime Darby has unveiled a new leadership line-up as it gets closer to the completion of its demerger exercise, which was first announced about six months ago.

The move will see Tan Sri Dr Wan Abdul Aziz Wan Abdullah (pictured) appointed as the chairman for the leaner Sime Darby. Wan Aziz is the current deputy chairman of Sime Darby, a role he was appointed since 31 July 2015. He has served the Sime Darby board since December 2012 and is also the chairman of Malaysia Airports Holdings at present. The president and group chief executive will be Jeffri Salim Davidson.

On whether there would be any impact on its marketing teams, a Sime Darby spokesperson confirmed that it will be status quo with each business unit having its own marketing division. The corporate restructuring plan will see the creation of three stand-alone listed entities - the Sime Darby Plantation, Sime Darby Property and a leaner and more focused Sime Darby on the main market of Bursa Malaysia (Bursa).

The new leadership at Sime Darby is expected to reflect its global nature of the business with 80% of revenues generated from outside of Malaysia. This coupled with the fact that it works with some of the best known and most prestigious global brands such as BMW, Caterpillar and Rolls Royce, and is a leader in all its sectors, said the conglomerate.

"With a footprint in 16 countries and four territories, and a workforce of approximately 20,000 employees, Sime Darby will be a more nimble organisation, able to take advantage of its leadership position in all its key sectors, setting the stage for an exciting future of growth and potential new revenue streams," it added.

Meanwhile, for Sime Darby Plantation, the chairman will be Tan Sri Abdul Ghani Othman with Tan Sri Mohd Bakke Salleh named as the executive deputy chairman and managing director. On the other hand, for Sime Darby Property, the chairman will be Tan Sri Abdul Wahid Omar and the managing director will be Datuk Seri Amrin Awaluddin.

Sime Darby Plantation and Sime Darby Property are also on course for listing at the end of this year, said Sime Darby on a filling to Bursa.

Read also: Sime Darby Property promotes sublime new luxury lifestyle brand 

Sime Darby’s current chairman, Tan Sri Abdul Ghani Othman said all three companies will be helmed by individuals “who have the required skills and experience to manage large, complex organisations and are highly regarded for their integrity and business acumen.”

“We are confident that all three pure plays have the right leadership to take the companies forward in these challenging times. Their task is to grow the businesses and their challenge is to achieve this while delivering consistent returns for all their stakeholders,” he added.