Outgoing Proton CEO to head Malakoff


Outgoing Proton Holdings Bhd CEO Datuk Ahmad Fuaad Kenali has been appointed CEO of Malakoff Corp Bhd effective Oct 1, 2017.

Malakoff said Habib Husin will cease as its acting CEO effective Oct 1, but will remain as executive VP of operations at the independent power producer.

Ahmad Fuaad, 47, who was appointed as the Proton’s CEO on April 1, 2016, will remain with DRB-Hicom Bhd to assume a “big role” with a related company, he told The Malaysian Reserve when contacted yesterday.

A successor for Ahmad Fuaad has yet to be named though it is rumoured that Dongfeng Honda Engine Co deputy GM Li Chunrong may be next in line to lead Proton.

The rumours followed Li’s decision to leave Dongfeng Honda and join Proton’s Foreign Strategic Partner Zhejiang Geely Holding Group on Aug 22.

Ahmad Fuaad will vacate the CEO post at Proton on Sept 30, 2017.

Datuk Radzaif Mohamed will remain the deputy CEO while DRB-Hicom group MD Datuk Seri Syed Faisal Albar will continue his role as overall Proton chairman.

DRB-Hicom, in a statement last Friday, said DRB-Hicom and Geely are intensifying efforts to finalise their business plan.

The statement also explained that in addition to the change in CEO, the business plan will see the Proton group be broken down into three key entities.

The divisions are Proton, Perusahaan Otomobil Nasional Sdn Bhd and Proton Edar Sdn Bhd.

For all three entities, DRB-Hicom will have one additional seat at the board of directors level, matching the 50.1% the company holds in Proton.