PJBumi Berhad announced the resignation of Zaid Bin Abdullah as Chairman and a Non Independent & Non Executive Director of the company, effective January 18, 2013. Mr. Abdullah is leaving because Progressive Impact Corporation Berhad (PIC) has disposed its entire shareholdings in the company. He is the founder of Progressive Impact Corporation Berhad.

Prior to the setting up of PIC, he was the director of finance for Shapadu Corporation before being promoted to group executive director of Shapadu Group Of Companies, a position he held until he left in 1992 to develop PIC group.