Possible resignations of GLC top brass
KUCHING: A spate of possible resignations sparked unrest among the top brass of government linked companies ( GLCs) as the new government under the Pakatan Harapan leadership seeks to address decades-long corruption.
This comes as Datuk Seri Shazalli Ramly has possibly resigned as group chief executive officer of Telekom Malaysia Bhd, according to a Bloomberg report.
The telco carrier could announce his resignation within the next few days, the article said, quoting a source who asked not to be identified as the information is private.
Shazalli, who was previously Axiata Group Bhd ’s regional chief executive officer for its Southeast Asia operations, took the helm at Telekom Malaysia late last year.
Rumours of other possible departures come from Petroliam Nasional Bhd ( Petronas) as sources told The Edge Weekly that chairman Tan Sri Mohd Sidek Hassan and Datuk Mohd Omar Mustapha – who is chairman of the national oil company’s remuneration committee – are slated to resign soon.
Mohd Sidek has been chairman of Petronas since July 1, 2012, and served in the Administrative and Diplomatic Service of the Malaysian Civil Service for over 38 years previously, with the last six as the chief secretary to the government.
He had worked with the international trade and industry ministry, and in 2001 was appointed deputy secretarygeneral (Trade) and the secretarygeneral in 2004.
Meanwhile, Mohd Omar is also an independent nonexecutive director at the oil company.
He was appointed to the board on Sept 15, 2009.
All these resignation rumours came hot on the heels of Bank Negara Malaysia ( BNM) yesterday confirming that Tan Sri Muhammad Ibrahim was stepping down as Governor.
He had only held the post for two years out of his five-year term, but this resignation was made less than a month after Finance Minister Lim Guan Eng probed into the controversy where BNM allegedly purchased land from the Najib administration.
BNM had paid RM2 billion for the land, which is said to be linked to the 1Malaysia Development Bhd (1MDB) scandal.
Datuk Seri Najib Razak reportedly sold the land to BNM and then took the money from the sale in order to pay off some of 1MDB’s debts.
However, BNM has insisted that the purchase was legal and transacted at a fair value.
They also said that it complied with all governance requirements and relevant laws.