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Summary of top read business stories July 26 to 31
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Pos Malaysia appoints former DHL executive as CEO
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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.
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.
KUALA LUMPUR (May 11): Based on corporate announcements and news flow today, stocks in focus for tomorrow (May 12) may include the following: Malayan Banking Bhd, FGV Holdings Bhd, Pos Malaysia Bhd, WTK Holdings Bhd, Public Bank Bhd, Bina Darulaman Bhd, Careplus Group Bhd, JF Technology Bhd, Media Chinese International Ltd, and Genting Bhd.
Malayan Banking Bhd s (Maybank) 100%-owned subsidiary Maybank Islamic Bhd today announced the buy-back of RM1.5 billion worth of Islamic bonds via private treaty under the latter s Islamic commercial papers and medium term notes programme of up to RM10 billion.
FGV Holdings Bhd has appointed Azman Ahmad, who is the group divisional director of logistics & support business, as officer-in-charge to cover the duties and responsibilities of the group chief executive officer (CEO) effective May 16, 2021.
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