PERMODALAN Nasional Bhd (PNB) has announced that Arifin Zakaria is retiring as its group chairman and trustee of Yayasan Pelaburan Bumiputra (YPB) with effect from May 6, 2023, after completing his two-year term. 

In a statement today, PNB said Arifin, who was a former chief justice, had been appointed to the position in 2021 and had played a pivotal role in strengthening the company’s governance. 

Under his leadership, PNB said it developed an internal framework for evaluating directors, chief executives, and mission-critical employees of its investee companies to ensure the strength of their respective boards. 

Furthermore, Arifin had been instrumental in guiding PNB on its environmental, social, and administrative journey. 

In April 2022, the fund management company launched the PNB Sustainability Framework, which aimed to deliver benefits for stakeholders, the broader market, and the nation. 

“We would like to extend our deepest gratitude to Tun Arifin on behalf of the board of directors and citizens of PNB. His exceptional service and leadership over the past two years have made a significant contribution to the growth of PNB, Amanah Saham Nasional Bhd, and the PNB group of companies. 

“His wealth of experience in public service has been invaluable, and we are grateful for the legacy he leaves behind,” said president and group chief executive Ahmad Zulqarnain Onn. 

PNB added that the appointment of the new group chairman would be made by YPB soon. – Bernama, May 5, 2023.