New chairmen at Pelaburan Hartanah, Petronas, TM


TWO government-linked companies (GLCs) will have new appointments effective Aug 1, namely Tan Sri Ahmad Nizam Salleh (picture; left) who will take the position of Pelaburan Hartanah Bhd’s (PHB) chairman and Tan Sri Mohd Bakke Salleh (right) who will be the chairman of Petroliam Nasional Bhd (Petronas).

In a statement yesterday, the Prime Minister’s Office (PMO) said these appointments are part of the government’s continued efforts to transform GLCs to ensure they remain resilient and ready to face the recovery period and the new norm post-Covid-19.

The PMO added that the changes in GLCs will take place from time to time.

“The PM would like to thank Ahmad Nizam for his leadership and contribution in the last three years as the chairman of Petronas.

“Based on his 37 years of experience serving Petronas in various positions, he has successfully guided the company through the biggest challenges faced by the country and globally, including the volatility of global oil prices and the Covid-19 pandemic,” the statement reads.

It added that Petronas remains to hold a good international rating and is the only company in the country listed on the Fortune Global 500.

Ahmad Nizam will remain as Kuala Lumpur Convention Centre’s group chairman.

Replacing him is Mohd Bakke who, the PMO noted, is an experienced corporate member and has served in various sectors including economics and finance.

“We hope his experience and expertise, as well as support from the existing board members, will be able steer Petronas through the current challenging period to a more outstanding level,” it added.

Mohd Bakke resigns as the chairman of Telekom Malaysia Bhd (TM) effective July 31.

In a Bursa Malaysia filing yesterday, TM said Mohd Bakke had been an exemplary role model in upholding governance and integrity, who has brought his vast insights and commercial benefit to the group.

“Together with the board, group CEO and management, we have charted the next phase of growth for the company under the New TM Transformation 2021-2023, anchored on 40+ Value Programmes.

“This has already seen a strong start with quarterly growth across all lines of business and improved operations,” said TM.

It added that under Mohd Bakke’s stewardship, the group had continued to serve and support the nation through the Movement Control Order periods and ensured the public remained connected and productive despite being confined at home.

Mohd Bakke will be replaced by Khazanah Nasional Bhd’s board member Datuk Mohammed Azlan Hashim effective Aug 1.

Previously, the Coalition for Clean and Fair Elections or Bersih 2.0 had called for a new law to introduce thorough reforms with regards to the appointment process of chairperson and director of GLCs and government-linked investment corporations, as well as all commercially-related statutory bodies.

The group said a new GLC Act should be legislated to clearly define GLCs and to regulate the appointment process of their chairman, president and directors in compliance with transparency, accountability and meritocracy.