We refer to media reports on a new CEO for Malaysian Airline System Berhad (“MAS”), attributed to unnamed sources.
Khazanah Nasional Berhad (“Khazanah”) wishes to state that the above reports are speculative and premature.
As announced on August 29, Khazanah is undertaking a global search for a new CEO for MAS from among Malaysian and foreign leadership talent. The search forms part of efforts to strengthen the leadership of the airline, as called for under the 12-point MAS Recovery Plan. This was reiterated by Y.A.B Prime Minister Dato’ Sri Mohd Najib Tun Abdul Razak in his remarks following the announcement of the MAS Recovery Plan.
At this point in time, no person has been appointed as the new CEO of MAS and the search is still ongoing.
The final decision on a new CEO will be made after due consideration and in consultation with the Special Shareholder, Minister of Finance, Incorporated. The outcome will be announced in due course, within the timeframe indicated previously.
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For further information on Khazanah, please visit www.khazanah.com.my or contact Mohd Raslan Md Sharif at +603 2034 0000, or e-mail at raslan.sharif@khazanah.com.my.