KUALA LUMPUR: Bank Islam Malaysia Bhd group chief executive officer (GCEO) Datuk Mohd Muazzam Mohamed has resigned after seven years at the helm, citing early retirement.
The bank said Mohd Muazzam’s last day of service will be Dec 12, with his resignation taking effect on Jan 7, 2026.
“To ensure business continuity and a smooth leadership transition, Bank Islam group chief business officer of retail banking Mizan Masram will assume the role of officer-in-charge beginning Dec 13,” the bank said in a statement.
It added that there were no disagreements with the board of directors and no matters related to Mohd Muazzam’s resignation that needed to be brought to the attention of shareholders.
The bank has commenced a formal search process to identify a suitable successor to lead the group into its next phase of growth. A new GCEO will be announced once regulatory approvals are obtained.
In announcing his decision, Mohd Muazzam said it had been a privilege to serve the bank and work alongside a dedicated team.
“After seven years as GCEO, I believe this is the right time for me to step back and pursue personal interests. I am deeply grateful for the trust and support I have received from the board, management, and all our colleagues,” he said.
Mohd Muazzam, 52, joined Bank Islam on May 11, 2015, as chief financial officer. He was appointed acting CEO on July 20, 2018, and was confirmed as CEO for both the group and its wholly owned subsidiary in December that year.
He is also a board member of several companies within the group and Bank Islam, and previously served as a partner and executive director at KPMG Management Consulting from 1997 to 2015.
© New Straits Times Press (M) Bhd
