Mohd Shukrie resigns as group CEO of Pos Malaysia

By TMR / Pic By MUHD AMIN NAHARUL

Pos Malaysia Bhd has announced the surprised resignation of its Group CEO Datuk Mohd Shukrie Mohd Salleh (picture). The resignation of the 43-year-old executive will take effect on Dec 31, 2017.

“The company said Mohd Shukrie has expressed his desire to make a career change after quite some time having served DRB-Hicom Bhd, the parent company of Pos Malaysia, for 12 years including serving Pos Malaysia for five years,” the postal company said in a statement.

The company said during his tenure, Mohd Shukrie had served Pos Malaysia well, and undertaken many key initiatives, including playing a vital role in the acquisition of logistics- related assets, consummating strategic collaboration with Lazada Malaysia — one of the pivotal elements of the newly launched Digital Free Trade Zone by the government recently — and other collaboration with Tigers Ltd of Hong Kong, among others.

“This has resulted in Pos Malaysia achieving one of its highest share prices and by extension, one of the highest market capitalisation as well,” the company said.

Following Mohd Shukrie’s resignation, Pos Malaysia’s board has announced the appointment of Datuk Azlan Shahrim as the covering group CEO. He shall report to the board until the appointment of a suitable candidate.

Mohd Shukrie joined DRBHicom in 2005 and had assumed several key roles, including principal controller, CFO, COO and CEO in various companies within the DRBHicom Group.

He was the group CEO of Pos Aviation Sdn Bhd, the aircraft ground-handling, cargo and logistics arm of DRBHicom before the acquisition of Pos Aviation by Pos Malaysia on Sept 15, 2016.

He joined Pos Malaysia as group COO on July 1, 2011, and re-designated as covering CEO on Feb 1, 2013.

Pos Malaysia recently announced its revenue for the first half of the present financial year rose 48% to RM1.2 billion compared to RM811 million recorded in the corresponding period last year.

Profit before tax (PBT) increased 22% from RM54.7 million in the previous corresponding period to RM66.7 million.

Against the same quarter the previous year, PBT almost doubled to RM23.3 million from RM12.7 million due to higher revenue registered.

Its net profit rose almost threefold to RM18.83 million for the second quarter ended Sept 30, 2017, from RM6.74 million recorded a year ago, as strong courier business helped the postal company.