TM names Noor Kamarul as new group CEO, MACC visits office

by NG MIN SHEN / pic by TMR FILE PIX

Telekom Malaysia Bhd (TM) has appointed Datuk Noor Kamarul Anuar Nuruddin as its new MD, group CEO and ED. Noor Kamarul is a nominee of TM’s special shareholder, the Minister of Finance Inc (MoF Inc).

Datuk Noor Kamarul Anuar Nuruddin

The appointment, which confirms a recent report by The Malaysian Reserve (TMR), took effect from yesterday (June 13), the telecommunications company (telco) said in a statement yesterday.

TM also confirmed that the Malaysian Anti-Corruption Commission (MACC) visited its headquarters yesterday to seek certain information. The group said it will continue extending cooperation to the MACC as needed.

TM chairman Rosli Man welcomed Noor Kamarul on board, adding that the board and management of Malaysia’s largest fixed-line operator are looking forward to working with him.

“I am confident that with his wealth of experience, expertise and industry know-how, Noor Kamarul is fully capable to take TM forward and explore new frontiers of growth.

“We will continue with our ongoing transformation journey and execute the strategic initiatives planned to assist TM in navigating through the current challenges and position us in a more resilient, competitive and sustainable footing,” he said.

Rosli also thanked TM COO Imri Mokhtar for stepping up to helm the leadership in transition during a “critical period amid the challenging environment, competitive landscape and industry dynamics”.

Imri was appointed as acting group CEO last November following the departure of previous acting group CEO Datuk Bazlan Osman. He will resume his role as the COO of the group, TM said. TM has been without without a permanent group CEO after Datuk Seri Mohammed Shazalli Ramly resigned in June last year.

Citing a source close to the development, TMR reported on Tuesday that Noor Kamarul — who was with Celcom Axiata Bhd for over 13 years, including as its chief special project officer — was likely to be chosen for the No 1 post at TM.

Speculations surrounding the appointment had intensified following reports that Imri would not be selected to lead the group. Imri was initially proposed to MoF Inc to cement the position, but this hit an impasse.

TM, in a recent statement, clarified a report that its board of directors in November 2018 recommended Imri as MD and group CEO to MoF Inc.

However, Rosli then received a request from the Prime Minister’s Office (PMO) to defer the appointment.

“We believe that it is good corporate governance to engage key stakeholders, including the PMO,” TM said.

PM Tun Dr Mahathir Mohamad last week said the CEO for the telco had been appointed, although he did not reveal a name.

“He (TM’s CEO) has been appointed. They have not announced yet, but I think he has been appointed,” he was reported as saying.

Dr Mahathir is chairman of Khazanah Nasional Bhd, which in turn is TM’s biggest shareholder.

TM had a difficult 2018 as net profit plunged almost 84% to RM153.15 million compared to the RM929.75 million recorded a year earlier, although the drop in earnings was largely due to a large impairment provision of RM982.5 million.