Bank Islam chairman Ismail Bakar retires after six years
KUALA LUMPUR: Bank Islam Malaysia Bhd chairman Tan Sri Dr Ismail Haji Bakar will retire from the board effective Aug 22 after six years of service, including six years as chairman.
KUALA LUMPUR: Tan Sri Dr Ismail Haji Bakar, the chairman of Bank Islam Malaysia Bhd, will step down from the board on August 22 after serving for six years, including a six-year tenure as chairman. In a statement, the bank highlighted Ismail's steadfast leadership and strategic guidance, which were instrumental in supporting the bank's growth, governance, and long-term value creation.
Upon his retirement, senior independent non-executive director Mohd Yuzaidi Mohd Yusoff, who has been a board member since July 2019, will assume responsibility for presiding over board meetings. Yuzaidi currently chairs the Board Risk Committee and the Board Nomination and Remuneration Committee. Raja Teh Maimunah Raja Abdul Aziz, the group chief executive officer of Bank Islam, praised Ismail's stewardship, stating that it had strengthened the group's governance foundations, strategic focus, and institutional capabilities.
The board and management have worked together to ensure a smooth and orderly leadership transition. The bank remains committed to executing its strategic agenda under the guidance of the board, headed by Mohd Yuzaidi.
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