Petronas CEO to Leave for Role at Malaysia Airlines

July 1, 2020

Dateline 2020-06-08, OE:

Malaysia’s prime minister on Saturday appointed the finance chief at Petroliam Nasional Bhd (Petronas) to take over as chief executive at the state energy company, at a time when lower oil prices and the coronavirus pandemic have hit the firm’s profits.

The government of premier Muhyiddin Yassin has made a series of management changes at state-owned companies and government agencies since coming to power in March following the unexpected resignation of his predecessor, Mahathir Mohamad.

Tengku Muhammad Taufik Tengku Aziz, currently chief financial officer will take over from Wan Zulkiflee Wan Ariffin as Petronas CEO from July 1, the prime minister’s office said.


Malaysia Names Petronas CFO Muhammad Taufik as New CEO

June 23, 2020

So, a change of guard to prevent a tarnished image of the old beloved Great Leader, as the new Great Leader slashes and hashes to meet the bottom line of the Malaysian Beloved Leader?

Dateline 2020-06-06, Financial Post:

(Bloomberg) — Malaysian Prime Minister Muhyiddin Yassin appointed a new chief executive officer at national oil company Petroliam Nasional Bhd., replacing a veteran of almost four decades with the chief financial officer.

Petronas’ President and CEO Wan Zulkiflee Wan Ariffin will become chairman of Malaysia Airlines Bhd., the premier said in a statement on Saturday. He will be replaced by Tengku Muhammad Taufik Tengku Aziz. Both appointments are effective July 1.