KUALA LUMPUR: The board of the Employees Provident Fund (EPF) has appointed Ahmad Zulqarnain Onn as the pension fund’s new chief executive officer (CEO).
According to the EPF, he will take up the position on Feb 19, 2024, following his resignation as president and group chief executive of Permodalan Nasional Bhd (PNB).
He succeeds Datuk Seri Amir Hamzah Azizan, who stepped down from the post after being appointed Minister of Finance II in Prime Minister Datuk Seri Anwar Ibrahim’s cabinet. Amir Hamzah had been CEO of the EPF since March 1, 2021.
Prior to PNB, Ahmad Zulqarnain had also served as CEO of Danajamin Nasional and the deputy managing director of Khazanah Nasional Bhd.
“The EPF board extends their heartfelt gratitude to Datuk Seri Amir Hamzah for his exemplary service to the EPF and significant contributions and achievements, which have positioned the EPF for continued success.
“At the same time, we would like to welcome and congratulate Ahmad Zulqarnain on his appointment as the new EPF CEO. With his extensive corporate experience, we are looking forward to his dynamic and focused leadership to drive the EPF to greater heights,” said EPF chairman Tan Sri Ahmad Badri Mohd Zahir in a statement.
He added that the entire EPF team is committed to ensuring a seamless transition and looks forward to Ahmad Zulqarnain’s leadership and strategic direction in fulfilling EPF’s mission to safeguard the retirement future and wellbeing of EPF’s 15.9 million members.
In a separate statement, PNB said Ahmad Zulqarnain’s resignation from the company was effective on Feb 16, 2024, and the new president and group chief executive will be announced in due course.
“On behalf of the board of directors, management and staff at PNB, I extend our heartfelt thanks to Zulqarnain for his invaluable contributions to PNB, ASNB and PNB’s group of companies during his tenure here.
“His leadership has been instrumental in laying out the new three year strategic plan and steering PNB towards improving portfolio returns, operational agility, reinforcing the organisation’s ability to be progressive while effectively respond to dynamic challenges,” said PNB chairman Raja Tan Sri Arshad Raja Tun Uda.