News on Telekom Malaysia
Telekom says chairman instructed by PMO to defer appointment of CEO

The Telekom Malaysia logo is seen on the TM Tower in Bangsar, Kuala Lumpur

TELEKOM MALAYSIA BERHAD (TM) says its chairman Rosli Man had received a request from the Prime Minister's Office (PMO) to defer the appointment of the group's chief executive officer (CEO), Bernama reported from Kuala Lumpur today, Friday 31 May 2019.

In a filing with Bursa Malaysia today, TM said the Chairman had informed the board of the PMO's request early March 2019.

"We believe that it is good corporate governance to engage key stakeholders including the PMO," it said in response of an article titled "Telekom CEO Stand-Off" in The Edge Financial Daily today.

The report quoted sources as saying that Rosli had refused to proceed with the appointment of acting CEO Imri Mokhtar as its CEO, despite the decision to approve Imri's appointment by TM's special shareholder, The Minister of Finance Inc.

TM referred to the paragraph in the report that said: "Sources told The Edge Financial Daily that TM's statement on Wednesday, when it said that the appointment of the CEO has to go through due process with MoF and its board of directors, was not accurate."

The telco reaffirmed the information given in its earlier statement on Wednesday.

TM said its board of directors had recommended the appointment of Imri as MD/GCEO  to the Ministry of Finance (MoF).

"Subsequently, MoF has agreed to the appointment via a letter dated 28 February 2019, subject to the proper execution of documents and approval of the terms and conditions.

"Any formal announcement relating to the above position will be made in due course," it added.

by Fauzi Kadir  ° Permadu Malaysia
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