Translate
22 June 2018
Major shake-up among the head honchos of government-linked companies (GLCs) is expected to take place
More than 100 top officials are expected to go in major shake-up
Friday, 22 Jun 2018
Left pic: Petronas chairman Tan Sri Mohd Sidek Hassan is expected to relinquish his position in the national oil company. — Bernama. The rest: Apart from Moggie (left), there is also talk in the market that the chairman of Sime Darby Plantation Bhd Tan Sri Abdul Ghani Othman (centre) and Boustead Holdings Bhd deputy chairman and group MD Tan Sri Lodin Wok Kamaruddin could also be vacating their positions.
PETALING JAYA: A major shake-up among the head honchos of government-linked companies (GLCs) is expected to take place in the coming weeks.
Politically-appointed heads of GLCs are in focus given that their appointments were made at the pleasure of the previous Government. Many of the heads of GLCs were given board positions as recognition of their services.
A source pointed out that there were more than 100 names on a so-called “watch list”, including GLCs’ top brass, board members and senior management officials.
GLCs that bear watching would be those that have politically-appointed people on their boards.
Tenaga Nasional Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png’s board has the representation of former politicians, headed by former Tan Sri Leo Moggie who was the former president of Dayak Sarawak State Party (PBDS) in Sarawak.
Apart from Moggie, there is also talk in the market that the chairman of Sime Darby Plantation Bhd Tan Sri Abdul Ghani Othman and Boustead Holdings Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png deputy chairman and group managing director Tan Sri Lodin Wok Kamaruddin could also be vacating their positions.
Additionally, PNB chairman Tan Sri Abdul Wahid Omar has also been reported to be leaving in the near term.
The changes in the top brass are part of the reform programme of the new government under Pakatan Harapan.
The talk is that calls, rather than requests in writing, were made to facilitate the change within the boards of GLCs in the country.
The heads started rolling on May 14 when Tan Sri Shahrir Abdul Samad stepped down from his position as the chairman of the politically-linked Federal Land Development Authority (Felda).
On the same day, Tan Sri Irwan Serigar Abdullah’s contract as Treasury secretary-general was cut short, and subsequently he was transferred to the Public Service Department. Irwan has since stepped down from board positions of companies under the Finance Ministry.
A week later, Datuk Seri Abdul Azeez Rahim relinquished his position as the chairman of the pilgrim fund, Lembaga Tabung Haji. Then came the resignation of Bank Negara governor Tan Sri Muhammad Ibrahim after having served less than two years since his appointment in April 2016.
His resignation came weeks after questions were raised over the central bank’s purchase of land to bail out 1Malaysia Development Bhd (1MDB). Other key resignations related to GLCs in recent times included that of Telekom Malaysia Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png’s managing director (MD), group CEO Datuk Seri Mohammed Shazalli Ramly and Tan Sri Habibul Rahman who sat on the board of Malaysia Airlines.
Yesterday Malaysian Resources Corp
image: https://cdn.thestar.com.my/Themes/img/chart.png Bhd (MRCB)’s Tan Sri Mohamad Salim Fateh Din, the developer of KL Sentral, announced his retirement. Notably, Salim’s son Mohd Imran Mohamad Salim has taken over the MRCB group MD role. MRCB has also restructured its board by redesignating Tan Sri Azlan Zainol as independent chairman.
Additionally, Petroliam Nasional Bhd (Petronas) independent non-executive director Datuk Mohd Omar Mustapha had also tendered his resignation on June 1.
It has been reported that Petronas chairman Tan Sri Mohd Sidek Hassan is expected to relinquish his position in the national oil company while Bursa Malaysia CEO Datuk Seri Tajuddin Atan could also be replaced before his term ends in March next year.
Read more at https://www.thestar.com.my/business/business-news/2018/06/22/more-heads-to-roll/#1YhFtc3LQmQuuTPu.99
Popular Posts - Last 7 days
-
‘Alas pintu’ dengan gambar Kaabah sebenarnya sejadah mini - AEON BiG April 13, 2024 Susulan penularan gambar yang mendakwa penjualan ‘alas ...
-
Screenshot of a video shared by the public of the incident at the Kuala Lumpur International Airport (KLIA) Arrival Hall 1 on Sunday. SEPANG...
-
Malaysia detects 3,902 new COVID cases, 8 deaths Melissa Fernando ASTRO AWANi Julai 20, 2022 Malaysia detects 3,902 new COVID cases, 8 de...
-
King expresses hope for increased investment from Chinese companies in Malaysia Bernama April 12, 2024 His Majesty Sultan Ibrahim presented...
-
MAN DIES AS HIS BMW I7 CRASHES AND BURNS, WOMAN FRIEND SERIOUSLY INJURED A man died while his woman friend was seriously injured when the ca...
-
Naz Empire's defamation lawsuit against Awal Ashaari to go to trial as mediation fails Bernama Julai 12, 2022 The defamation lawsuit f...
-
Mohd Shuhaily said the suspect had two previous records for threats and another record for stealing and impersonating a civil servant. - BER...
-
Coach Maloney and FAM part ways after eight years Bernama Julai 13, 2022 The Football Association of Malaysia (FAM) has released under fir...
-
Saudi says application for 1444 H umrah visa opens from today Bernama Julai 14, 2022 The Ministry of Haj and Umrah of Saudi Arabia has ann...
-
Summons discount offer on WhatsApp is fake - PDRM Bernama Julai 17, 2022 14:11 MYT Summons discount offer on WhatsApp is fake - PDRM The Ro...
Popular Posts - Last 30 days
-
Wan Saiful confirms he is no longer PTPTN chairman Bernama Julai 12, 2022 Bersatu Information chief Datuk Wan Saiful Wan Jan today confirm...
-
Saudi says application for 1444 H umrah visa opens from today Bernama Julai 14, 2022 The Ministry of Haj and Umrah of Saudi Arabia has ann...
-
Kedah MB: ECK no longer part of Kulim airport project Bernama Julai 13, 2022 Muhammad Sanusi announced that the ECK Group of Companies (EC...
-
King presents appointment letters to four new envoys Bernama Julai 12, 2022 His Majesty presenting the letter of appointment to M'sian...
-
Following is BEST FBKL's selection of The Top Ramadan 2024 Buka Puasa Buffet's in Kuala Lumpur and the Klang Valley. We hope that y...
-
Naz Empire's defamation lawsuit against Awal Ashaari to go to trial as mediation fails Bernama Julai 12, 2022 The defamation lawsuit f...
-
Paris court grants Malaysia's application to suspend claims by purported heirs of Sultan Jamalul Kiram II Bernama Julai 13, 2022 Dr Wa...
-
Maybank Singapore withdraws lawsuit against NFC chairman, children over housing loans Bernama Julai 12, 2022 Maybank Singapore Limited has...
-
COVID-19: New cases in Malaysia take a slight dip again Melissa Fernando ASTRO AWANI Julai 19, 2022 12:00 MYT COVID-19: New cases in Malays...
Blog Archive
-
►
2023
(3771)
- December (311)
- November (322)
- October (286)
- September (288)
- August (365)
- July (349)
- June (372)
- May (316)
- April (279)
- March (301)
- February (245)
- January (337)
-
►
2022
(4309)
- December (352)
- November (422)
- October (288)
- September (281)
- August (347)
- July (303)
- June (335)
- May (406)
- April (341)
- March (371)
- February (390)
- January (473)
-
►
2021
(9030)
- December (636)
- November (647)
- October (809)
- September (797)
- August (880)
- July (894)
- June (747)
- May (780)
- April (580)
- March (629)
- February (643)
- January (988)
-
►
2020
(6800)
- December (819)
- November (698)
- October (832)
- September (729)
- August (548)
- July (558)
- June (615)
- May (394)
- April (368)
- March (453)
- February (439)
- January (347)
-
►
2019
(4089)
- December (411)
- November (425)
- October (375)
- September (279)
- August (397)
- July (353)
- June (326)
- May (315)
- April (266)
- March (318)
- February (293)
- January (331)
-
▼
2018
(4100)
- December (305)
- November (304)
- October (357)
- September (352)
- August (420)
- July (442)
- June (366)
- May (412)
- April (343)
- March (275)
- February (233)
- January (291)
-
►
2017
(3888)
- December (268)
- November (293)
- October (352)
- September (309)
- August (356)
- July (300)
- June (319)
- May (354)
- April (316)
- March (335)
- February (306)
- January (380)
-
►
2016
(4563)
- December (331)
- November (328)
- October (378)
- September (415)
- August (404)
- July (380)
- June (310)
- May (370)
- April (430)
- March (484)
- February (355)
- January (378)
-
►
2015
(4588)
- December (402)
- November (392)
- October (393)
- September (375)
- August (450)
- July (392)
- June (456)
- May (407)
- April (408)
- March (374)
- February (262)
- January (277)