Mainstream
Malakoff CEO issue still unresolved
Khairul Khalid | 11 Aug 2017 00:30

Shareholders of Malakoff Corp Bhd would have been relieved when the power producer settled a long-standing dispute over its Tanjung Bin power plant recently. However, a cloud of uncertainty still hovers over the company’s top post.

Malakoff has been without a CEO since last June and there is little indication as to who might take over the job. An analyst says the constant changes at the top could hurt market perception of the company.

“It would be having a fourth new CEO in almost as many years (since 2014). It has had some high-profile personalities in the top job. The revolving door (of CEOs) could be construed by some in the market as a negative.

In response to our queries, Malakoff’s representative told FocusM that it has not been notified of any changes in the CEO yet and will make an announcement in due course.



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