Kuching (Sarawak), Thursday, 8 July 2021: Cahya Mata Sarawak Berhad (“the Group”) today announced the appointment of Dato Sri Sulaiman Abdul Rahman Taib as Managing Director, and the redesignation of Dato Isaac Lugun as Non-Independent, Non-Executive Director effective 8 July 2021.
“We are pleased to welcome Dato Sri Sulaiman Taib to lead the Group,” said Tan Sri Abdul Rashid Manaf, Group Chairman Cahya Mata Sarawak Berhad. “Sulaiman’s familiarity with Cahya Mata Sarawak Berhad and his wide-ranging experience in businesses will be invaluable to Group as we consolidate, streamline, and move the Group toward a new growth path, post pandemic”, added Tan Sri Abdul Rashid in welcoming Dato Sri Sulaiman to helm the Group. Tan Sri Abdul Rashid further added “this transition is due to early retirement of Dato Isaac, who, will continue to be with the Group as Non-Independent, Non-Executive Director.
Dato Sri Sulaiman brings with him a wealth of experience in banking, finance, and insurance, having been the Executive Chairman of RHB Capital Berhad and its group of companies. While there, Dato Sri chaired several of the Boards and Committees including Rashid Hussain Berhad, RHB Insurance Berhad, RHB Asset Management Berhad and RHB Research Institute, apart from being a Board member of RHB Islamic Bank Berhad, RHB Sakura Bankers Berhad, and RHB Bank Berhad. During this period, he was also appointed by the Government on the board of Malaysian Industry Government Group for High Technology (MIGHT).
He is also experienced in manufacturing, property development, stock broking, and is familiar with Cahya Mata Sarawak Berhad, having served in various capacities there from 1995 to 2008. During his 13-year tenure, he assumed various positions including that of Group Chairman, and Group Executive Director.
In the Cahya Mata Sarawak Bhd Group, Dato Sri was Chairman of CMS Property Development S/B, and CMS Works International Ltd. Alongside, he was also the board member of Utama Banking Group Berhad, K&N Kenanga Holdings Berhad, Bank Utama (Malaysia) Berhad, and Utama Merchant Bank Berhad.
He then went on to become a Member of the Malaysian Parliament after being successfully elected in Kota Samarahan constituency in 2008. He served with the Federal Government when he was Deputy Minister of Tourism. After fulfilling his political term, Dato Sri Sulaiman then ventured abroad to oversee various private investments over the last few years.