Dr Mahathir To Be The New Chairman Of Proton
11 years after his retirement, 88-year-old Dr Mahathir is returning into the corporate world as the Chairman of Proton Holdings Sdn Bhd.
By Mei Mei Chu — 20 May 2014, 04:29 PM — Updated over 10 years ago
Dr Mahathir Confirms He Will Be The New Chairman Of Proton
KUALA LUMPUR: Former Prime Minister Tun Dr Mahathir Mohamad has confirmed that he will be appointed Chairman of Proton Holdings Bhd. The official announcement is expected to be made on Wednesday.
thestar.com.my“My plan is to work with Proton, and make it a success,” he said at the Asian Banker Annual Leadership Achievement Awards Dinner 2014, here, last night.
nst.com.my
20 May: Tun Dr Mahathir Is Set To Take Over As The Chairman Of Proton Holdings Sdn Bhd
Dr Mahathir Mohamad will soon be appointed as chairman of Proton Holdings Bhd, 29 years after he handed over the keys to the first national car rolling off its production line as prime minister, the Malaysian Reserve reported today.
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The 88-Year-Old Former Prime Minister Will Also Be Appointed As Chairman Of Proton Subsidiary Lotus plc
The 88-Year-Old Former Prime Minister Will Also Be Appointed As Chairman Of Proton Subsidiary Lotus plc
Image via wordpress.comIt also reported that Mahathir will become chairman as well of Proton subsidiary UK-based Lotus plc, a manufacturer of high-end sports cars.
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Sources Say Proton Is Expected To Make The Announcement Within Days
“The papers have been signed and as a formality, it will be tabled for approval by the board at its next meeting. We expect the announcement to be made within the week,” a source told The Malaysian Reserve.
Along with the new post, Mahathir is expected to assume more executive control over the carmaker.
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Dr M's Appointment Will Also See The Withdrawal Of Current Executive Chairman Mohd Khamil Jamil
Dr M's Appointment Will Also See The Withdrawal Of Current Executive Chairman Mohd Khamil Jamil
Image via motorstop.asiaDr Mahathir’s appointment will also see the withdrawal of Proton’s current executive chairman Tan Sri Mohd Khamil Jamil from his post.
This Is Seen As The Boldest Move By DRB-Hicom Bhd In Efforts To Transform Proton's Sliding Fortune Since Its Privatisation In 2012
Proton is expected to make an announcement within days in what is seen as DRB-Hicom Bhd’s boldest move to date in its effort to transform Proton’s sliding fortunes since it took the company private in 2012, sources familiar with the company said.
Since being taken private, DRB-Hicom has been trying to address its slide by focusing on radical transformation measures of Proton’s management and the appointment of Dr Mahathir is seen as a coup, given the former prime minister’s deep knowledge of the industry and government, and his influence over both.
"Dr Mahathir Is Actually Taking The Bull By Its Horns So To Speak. He Wants To See Proton Succeed At All Costs And If It Requires Micro-Managing It, Then He Is Prepared To Do So."
"Dr Mahathir Is Actually Taking The Bull By Its Horns So To Speak. He Wants To See Proton Succeed At All Costs And If It Requires Micro-Managing It, Then He Is Prepared To Do So."
Image via themalaysianinsider.comDr Mahathir’s direct inclusion into Proton’s management is the culmination of his long association with the car manufacturer, having been involved since its conception and establishment in 1983.
“This is an advantage to Proton. Dr Mahathir is actually taking the bull by its horns so to speak. He wants to see Proton succeed at all costs and if it requires micro-managing it, then he is prepared to do so. "Dr Mahathir knows this is a make or break period for Proton and he is soaking up all the risks that come along with it,” said the source.
Dr M, Who Was Vital In Proton's Establishment In 1983, Has Been Serving As An Advisor After His Retirement In 2003
Tun Dr Mahathir Is Set To Take Over As The Chairman Of Proton Holdings Sdb Bhd
Image via worldcdn.netThe former prime minister has been an advisor to Proton, his brainchild, for over a decade, having held the post since stepping down as prime minister in 2003.
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This Would Be Dr M's First Foray Into The Corporate World Since Retiring 11 Years Ago
For Dr Mahathir, the appointment marked his first foray into the corporate world since retiring although he is involved in several private business ventures, notably The Loaf, a bakery and restaurant concern.