KUALA LUMPUR (July 12): Tan Sri Mohd Bakke Salleh has resigned as chairman of Telekom Malaysia Bhd (TM) and will step down from the role effective July 31, said the telco in a bourse filing today.
The group has appointed Khazanah Nasional Bhd’s board member Datuk Mohammed Azlan Hashim as its new chairman, effective Aug 1, 2021, according to another filing.
In a separate statement today, the group said the board expressed its highest appreciation to Bakke Salleh for his leadership and contribution to the TM Group during his tenure.
“The entire board, management and Warga TM would like to record our heartfelt gratitude to Tan Sri Dato' Seri Mohd Bakke, an exemplary role model in upholding governance and integrity and a highly respected corporate figure; who has brought his vast insights in industry and commercial to benefit the TM Group.
“Together with the board, group chief executive officer (GCEO) and management, we have charted the next phase of growth for the company under the New TM Transformation 2021-2023, anchored on 40+ Value Programmes.
“Under his stewardship, TM has also continued to serve and support the nation throughout the Movement Control Order (MCO) period, ensuring Malaysians stay safe and connected at home and remain productive; whilst extending humanitarian aid to those in need during these challenging times,” the group said.
Commenting on the new chairman’s appointment, the group said Azlan, 64, is a highly respected corporate figure with extensive experience in investment and financial services; most notably as a board member of Khazanah Nasional Bhd and the Employees’ Provident Fund (EPF).
“He brings a wealth of industry and commercial insights, which will broaden and enrich the board's overall expertise. We look forward to Dato’ Azlan's guidance, counsel and leadership as the company continues on its transformation journey and next phase of growth and value creation,” it added.
According to the group, Azlan is also currently the chairman of several public listed entities including D&O Green Technologies Bhd, Marine & General Bhd and IHH Healthcare Bhd.
The Edge Malaysia weekly previously reported that Bakke is going to be made the new chairman of Petroliam Nasional Bhd (Petronas), replacing Tan Sri Ahmad Nizam Salleh.
Tan Sri Mohd Bakke is currently a non-executive director at Petronas as well as the chairman of its risk committee and a member of its audit committee.
Shares in TM closed unchanged today at RM5.98, valuing the company at RM22.57 billion. Since the beginning of the year, the stock has increased by 10.33%.