Nor Shahrizan named officer in charge following CEO Muzaffar's resignation
Shahrizan currently serves as deputy CEO at Maybank Islamic.
The bank said the process to identify the new group CEO will commence immediately and the outcome will be announced in due course.
"On behalf of Maybank Group, I extend my deepest gratitude to Datuk Muz for his invaluable contributions over the past 14 years.
"He has played a pivotal role in steering our Islamic banking franchise towards achieving true global leadership, in line with our M25+ strategy," said Maybank president and group CEO Datuk Khairussaleh Ramli.
Maybank's share price closed unchanged at RM9.95, valuing the company at RM120.2 billion.
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Bank Islam Malaysia Bhd, formerly listed under BIMB Holdings Bhd and tied to TH, posted revenue of RM4.7 billion in 2024, compared with RM2.97 billion in FY2014. Net profit rose slightly to RM569 million from RM532 million. Market capitalisation, however, eased to RM5.6 billion from RM6 billion over the same period. Affin Holdings Bhd, which falls under LTAT's control, recorded RM2.17 billion in revenue and net profit of RM509.7 million in 2024. Both figures were down from FY2014 levels of RM3.08 billion and RM605 million, respectively. Despite the dip in performance, its market cap rose to RM6.99 billion, up from RM5.64 billion. MBSB Bhd, majority-owned by EPF, saw revenue climb from RM2.6 billion to RM3.7 billion. Net profit, however, fell to RM406.7 million in FY2024 from RM1 billion in 2014. Market capitalisation also edged down to RM6.08 billion from RM6.2 billion. 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Proton Holdings Bhd was sold by Khazanah to DRB-Hicom and subsequently delisted, while Pos Malaysia Bhd was also divested to DRB-Hicom but remains listed. Boustead Holdings Bhd was taken private by LTAT. Malaysian Airline System Bhd, Malaysia Airports Holdings Bhd and UEM Group Bhd were all privatised. UMW Holdings Bhd was acquired by Sime Darby in 2023 and Chemical Company of Malaysia Bhd was absorbed into Batu Kawan Bhd.
