Thursday, March 14, 2013

Bank Rakyat To Name New MD April 1

KUALA LUMPUR, March 13 (Bernama) -- Bank Rakyat will name its new managing director (MD) on Apr 1, 2013, said Minister of Domestic Trade, Cooperatives and Consumerism, Datuk Seri Ismail Sabri Yaakob. "Our policy is to promote people from within the bank.

Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=934296
Published: March 14, 2013

"Although the board of directors has the power to propose, there is still authority like Bank Negara Malaysia to vet the nominees," he told reporters after announcing the bank's financial results here wednesday. Bank Rakyat recently announced the retirement of managing director, Datuk Yusof Abdul Rahman, effective Apr 1, 2013. Yusof has gone on leave from March 1, it said.

It said Datuk Mustafha Abdul Razak, senior general manager for banking operations, will assume responsibility until a new MD was appointed.

--- BERNAMA 

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