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Pos Malaysia, in a statement, said the company is now searching for a suitable replacement.
Syed Md Najib was appointed to his post in October 2018, when there was a structural decline in mail volume and a major shift in consumer behaviour towards what Pos Malaysia termed as digitally abled platforms .
He is the fifth CEO appointed by the group since the departure of Datuk Seri Syed Faisal Syed Ali Rethza Albar, who relinquished the group managing director cum CEO post in January 2012. Incidentally, Syed Faisal, who is group managing director of DRB-Hicom Bhd, is now Pos Malaysia s non-executive chairman following the resignation of Yasmin Mahmood from the post on April 1 after a two-year term.
Tuesday, 11 May 2021 07:28 PM MYT
KUALA LUMPUR, May 11 Syed Md Najib Md Noor is stepping down as Pos Malaysia Bhd’s group chief executive officer (CEO) with effect from June 1, 2021 after serving the company for close to three years.
In a filing with Bursa Malaysia, Pos Malaysia said Syed Md Najib was appointed in October 2018, when there was a structural decline in mail volume and a major shift in consumer behaviour towards consumption products, preferring to use digitally-abled platforms.
Under Syed Md Najib’s stewardship, various initiatives were employed and the success of which, amongst others, was the achievement of the integral postal tariff rebalancing, which was only the second tariff increase in 28 years.
KUALA LUMPUR: Syed Md Najib Syed Md Noor is stepping down as Pos Malaysia Bhd
’s group chief executive officer (CEO) with effect from June 1, 2021 after serving the company for close to three years.
In a filing with Bursa Malaysia, Pos Malaysia said Syed Md Najib was appointed in October 2018, when there was a structural decline in mail volume and a major shift in consumer behaviour towards consumption products, preferring to use digitally-abled platforms.
Under Syed Md Najib’s stewardship, various initiatives were employed and the success of which, amongst others, was the achievement of the integral postal tariff rebalancing, which was only the second tariff increase in 28 years.
is focusing on continuing the good momentum seen in the third quarter of financial year 2020 (Q3 FY20).
Chief executive officer Syed Md Najib Syed Md Noor said at its peak in April 2020, the postal delivery firm recorded 13 million parcels, the highest volume ever accepted in history. We had close to 1,400 crowdsourced riders to support our 3,000 courier delivery personnel, including headquarter employees and postmen who also assisted in parcel deliveries, he said in the Pos Malaysia Annual Report 2020.
Syed Md Najib said the rise of online shopping increased demand for courier services and significantly boosted Pos Malaysa’s revenues in Q2 and Q3 FY20.