Tuesday, October 5, 2010

Another Malaysian GLC in turmoil

The Sun on Oct 5, 2010 reported Khazanah has done an internal audit which resulted in "confirmed" irregularities. Arlida is to be promoted to a senior position in Khazanah at year end with the DRB guy taking over. Wonder if she'll take it. She was my former Exec Director at KLCC. How the world change...

Amplify’d from biz.thestar.com.my

PETALING JAYA: Something is brewing in Iskandar Investment Bhd (IIB), the company tasked with bringing investments into Iskandar Malaysia in Johor, and in Khazanah Nasional Bhd.

Government-linked Khazanah would hold a meeting late next month to discuss the position of IIB president and chief executive officer Arlida Ariff, sources from Johor said.

Sources said speculation was normal in Johor Baru’s corporate world, especially when it involved Iskandar.

Speculation on IIB’s top position surfaced following Tan Sri Muhammad Ali Hashim’s decision to relinquish his position as Johor Corp (JCorp) president and CEO in August.

After Ali’s departure, the pressure moved to Arlida whose contract is up for renewal at the year-end.

Arlida joined IIB as executive director in 2007 and was promoted to president and CEO a year later. Prior to that, she was KLCC Projeks Sdn Bhd executive director.

Read more at biz.thestar.com.my

Posted via email from miki's posterous

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