Tan Sri Wahid Omar Takes On IOI Corp Chairman Role

IOI Corporation Berhad has announced the appointment of Tan Sri Abdul Wahid Omar as its new Independent Non-Executive Chairman, effective 5 November 2025, following the retirement of Tan Sri Peter Chin Fah Kui at the conclusion of the company’s Annual General Meeting yesterday.

Tan Sri Abdul Wahid, 61, is widely regarded as one of Malaysia’s most respected corporate leaders, with a distinguished career spanning more than three decades across both the public and private sectors.

He previously served as Chairman of Bursa Malaysia Berhad, completing his five-year tenure in April 2025. Before that, he was Group Chairman of Permodalan Nasional Berhad (PNB) from 2016 to 2018, and Minister in the Prime Minister’s Department in charge of Economic Planning from 2013 to 2016, where he oversaw national economic policy coordination.

Tan Sri Abdul Wahid is also well known for his leadership in Malaysia’s leading government-linked companies (GLCs). He successfully led UEM Group Berhad through a turnaround as Managing Director and CEO beginning in 2001, before becoming Group CEO of Telekom Malaysia Berhad (TM) in 2004, where he steered TM’s regional mobile expansion and the demerger of Axiata Group Berhad.

He later helmed Malayan Banking Berhad (Maybank) as President and CEO from 2008 to 2013, where he also served as Chairman of The Association of Banks in Malaysia during his tenure.

Following his redesignation, Tan Sri Abdul Wahid will relinquish his position as Senior Independent Director of IOI Corporation.