The fall of the movers and shakers of GLCs and GLICs is now becoming unstoppable

By RAHIMI YUNUS / Pic By BERNAMA

PETROLIAM Nasional Bhd (Petronas) directors, Tan Sri Dr Mohd Irwan Serigar Abdullah and Datuk Mohd Omar Mustapha, are no longer on the state-owned energy company’s board.

Less than 24 hours after Mohd Irwan was dropped from the board, reports of the resignation of Mohd Omar as the independent non-ED emerged.

Mohd Omar confirmed that he had tendered his resignation on June 1, effective June 30.

There is also speculation that chairman Tan Sri Mohd Sidek Hassan will leave Petronas. At press time, no announcement has been made.

Mohd Irwan is no longer the chairman of Technology Depository Agency, the agency said in a statement yesterday.

The fall of the movers and shakers of government-linked companies (GLCs) and government- linked investment companies (GLICs) is now becoming unstoppable.

The latest to follow suit is Lembaga Tabung Haji (TH) Tan Sri Mohamed Apandi Ali who was ousted as the pilgrims’ fund board member, along with Datuk Rosni Sohar, whose board seat was emptied on May 23, and Mohd Irwan who was removed from TH’s board as Treasury representative in May 14.

In a surprise move amid the speculation of a buyout by controlling shareholder Tan Sri T Ananda Krishnan, Astro Malaysia Holdings Bhd group CEO Datuk Rohana Rozhan also to step down effective Jan 31, 2019.

The pay-TV provider’s current group chief content and consumer officer Henry Tan will assume her position as her successor.

Rohana will remain on Astro’s board as a non-ED notwithstanding her departure on Jan 31, 2019.

Other corporate heads who have stepped down are, Telekom Malaysia Bhd (TM) MD and group CEO Datuk Seri Mohammed Shazalli Ramly, followed by TM independent and non-ED Datuk Seri Fateh Iskandar Mohamed Mansor, as well as Bank Negara Malaysia governor Tan Sri Muhammad Ibrahim.