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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.

Cover image via themalaysianreserve.com

Dr Mahathir Confirms He Will Be The New Chairman Of Proton

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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.

kinibiz.com

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

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It also reported that Mahathir will become chairman as well of Proton subsidiary UK-based Lotus plc, a manufacturer of high-end sports cars.

kinibiz.com

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.

themalaysianreserve.com

Along with the new post, Mahathir is expected to assume more executive control over the carmaker.

kinibiz.com

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.asia

Dr Mahathir’s appointment will also see the withdrawal of Proton’s current executive chairman Tan Sri Mohd Khamil Jamil from his post.

themalaysianreserve.com

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.

themalaysianreserve.com

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.

themalaysianreserve.com

"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.com

Dr 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.

themalaysianreserve.com

“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.

themalaysianreserve.com

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

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The 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.

kinibiz.com

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.

themalaysianreserve.com

In March 2014, Dr M Was Rumoured To Be Calling It Quits From Proton

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