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KUALA LUMPUR, Feb 13:

In the past 15 days, major leadership shifts have taken place at various key firms as a total of six chiefs have stepped down from their roles.

Beginning on Jan 29, AMMB Holdings Bhd group managing director Ashok Ramamurthy announced he was stepping down from his position.

He cited his intention to rejoin his family in Melbourne as part of a planned transition that will see him resume his career in a senior executive role at Australia and New Zealand Banking Group Ltd.

No successor or official date of his final day has been revealed yet.

The following day, on Jan 30, AirAsia X chief executive officer Azran Osman Rani left the budget long haul carrier and was replaced with Datuk Kamarudin Meranun as group CEO and Benyamin Ismail as acting CEO.

Before the official announcement, there had been reports of the budget carrier being plagued with rising operating costs, unprofitable routes and low yields which has forced the airline to cut several of its Australian routes.

More than a week after, the retirement of Petroliam Nasional Bhd (Petronas) president and group CEO Tan Sri Shamsul Azhar Abbas was announced on Feb 9 as his contracted term ended that day and was extended till end-March.

His successor, incumbent Petronas chief operating officer Datuk Wan Zulkiflee Wan Ariffin will take over from April 1.

Then on Feb 12, a single day saw announcements involving chiefs at three separate firms.

Tanjung Offshore Bhd appointed Rahmandin Md Shamsudin as executive director and CEO of the oil and gas firm effective immediately.

The firm lately has seen several of its minority shareholders as well as directors raising questions on the operations of the oil and gas firm with numerous accusations of conflicts of interests, suspensions and redesignations of directors occurring within its board.

Digi.Com Bhd’s current chief operating officer Albern Murty is taking over as its new CEO effective April 1.

He is to replace current CEO Lars-Ake Norling, who has been appointed as the new CEO of Digi’s main shareholder Telenor Group’s business unit in Thailand.

Then, RHB Capital Bhd group managing director Kellee Kam Chee Khiong resigned on the same day. In a statement, the banking group said Kam will remain as group managing director of RHB Capital until the end of the transition period, the date of which will be announced later as no immediate successor has been announced as well.

If the timeframe is stretch to the start of 2015, the number of significant leadership changes will include another two firms.

Prasana Malaysia Bhd group managing director Datuk Shahril Mokhtar took the helm of Mass Rapid Transit Corp Sdn Bhd as CEO on Jan 1.

1MDB president and CEO Arul Kandasamy
1MDB president and CEO Arul Kandasamy

On Jan 5, 1Malaysia Development Bhd then CEO Mohd Hazem Abdul Rahman announced that he was resigning paving way for Abu Dhabi Commercial Bank executive vice president Arul Kandasamy to take over.

Also read:Quick quiz on becoming a great CEO

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