Media & Downloads
Press Releases

22 August 2005

KEY BOARD AND MANAGEMENT CHANGES IN KHAZANAH INVESTEE COMPANIES

In line with ongoing efforts at strengthening human capital at investee companies of Khazanah Nasional Berhad (“Khazanah”) and the transformation of Government Linked Companies (“GLCs”) in general, several changes and proposed changes in the composition of senior management and Board of Directors of several Khazanah investee companies have taken place as detailed below

Malaysian Airline System Berhad (“MAS”)
Khazanah has been informed by the Board of MAS, a company that Khazanah has an effective 69.3% interest, that its Managing Director, Dato’ Ahmad Fuaad Dahalan, 55, has opted for early retirement.

In this regard, Khazanah would like to record its appreciation to Dato’ Ahmad Fuaad Dahalan for his long and considerable contributions to MAS over 31 years, where he played a significant part in making MAS among the world’s top airlines today.

Khazanah has been informed of the interim management structure as announced today by MAS< with the Executive Chairman consisting of the Chairman of MAS, Dato' Dr. Mohamed Munir Abdul Majid and supported by Executive Director and Khazanah's nominee director, Tengku Azmil Zahruddin Raja Abdul Aziz and other senior management of MAS.

This is in line with Guideline 2.1.2 of the GLC Transformation Manual issued in July 2005 which defines allowable conditions for the Board of Directors tot ake an active role in managing the operations of the company on the proviso that such an arrangement is interim and transitional. Among the key responsibilities of the Executive Committee and Board of Directors is to expeditiously address the appointment of a new CEO/Managing Director.

Penerbangan Malaysia Berhad (“PMB”)
Khazanah has been informed by PMB that Tengku Azmil Zahruddin Raja Abdul Aziz will relinquish his position as Managing Director/CEO of PMB, a company 100% owned by Khazanah, effective 23rd August 2005. Khazanah has today written to PMB to nominate Nasution Mohamed for the position of Managing DIrector/CEO of PMB.

UDA Holdings Berhad (“UDA”)
Khazanah has also been informed by UDA that Nasution Mohamed will relinquish his position as Executive Director of HDA, a company 50.01% owned by Khazanah, effective 23rd August 2005. Khazanah has today written to UDA to nominate Dr. Iskandar Ismail, Khazanah’s Director of Special Projects, as a nominee director of Khazanah to the Board of UDA, as a non-executive, non-independent director.

Malaysia AIrport Holdings Berhad (“MAHB”)
Khazanah has written today to MAHB, a company 72.7% owned by Khazanah, to nominate Dato’ Ahmad Fuaad Dahalan, as nominee director of Khazanah to the Board of MAHB as a non-executive, non-independent director.



Other Press Releases
21 March 2023

Khazanah records improved profit for 2022 amidst a...

Read more  

17 March 2023

Khazanah partners Sunway Education Group to develo...

Read more  

16 March 2023

Khazanah launches Future Malaysia Programme under ...

Read more  

25 February 2023

Statement by Dato’ Amirul Feisal Wan Zahir, Mana...

Read more  

14 December 2022

Emerging artistic talents awarded with art residen...

Read more  

7 October 2022

Statement by Dato’ Amirul Feisal Wan Zahir, Mana...

Read more  

24 August 2022

Galeri Khazanah to contribute towards Khazanah’s...

Read more  

6 July 2022

Khazanah’s Investments in Türkiye Underscore th...

Read more  

10 June 2022

Khazanah launches sustainability framework and tar...

Read more  

5 June 2022

Khazanah celebrates World Environment Day at Taman...

Read more