New CEO for Naza Group announced

mototrader - SM Nasarudin SM Amin (right) has been involved in various activities of the company. This picture shows him sending off the first batch of Naza cars to Nepal last year

SM Nasarudin SM Nasimuddin has been appointed the NAZA Group of Companies Chief Executive Officer, taking over the role from his father Tan Sri SM Nasimuddin SM Amin who passed away on May 1 2008. The announcement, made by Puan Sri Zaleha Ismail, the wife of the late tycoon, noted that the appointment was in line with the wishes of the former CEO.

SM Nasarudin, 25, will also assume the post of Group's Executive Chairman. He is the second son in the family and prior to this appointment, he was already involved in a variety of subsidiaries of the family-owned group of companies which was established in 1974.

Though best known in Malaysia for its automotive business, the Naza Group is also involved in manufacturing, transport services, machine tools & parts, engineering, plantations, cigarette distribution, credit & leasing, watercrafts, properties, food & beverage outlet, hotel operations and insurance. It holds the franchises for Ferrari, Kia, Peugeot, Brabus, Hamann and Ducati, and also holds import permits for Mercedes-Benz and Mazda vehicles.