KUALA LUMPUR (March 29): Datuk Yasmin Mahmood has resigned as the chairman of Pos Malaysia Bhd effective April 1, after serving the company for two years.

Yasmin, 58, cited commitments to other ventures as the reason for her resignation, according to the group's Bursa Malaysia filing today. A separate filing from the group indicated she will be replaced by Datuk Seri Syed Faisal Albar.

Syed Faisal, 55, is currently group managing director of DRB-Hicom Bhd and served as group managing director of Pos Malaysia from 2008 to 2011.

"Datuk Yasmin had expressed her intention to step down due to her growing responsibilities in Malaysia and regionally," the group said in a statement. "She has been a valuable member of Pos Malaysia; having steered the board and management towards embracing digital initiatives, rationalising the postal tariff as well as putting the company in the right footing towards a robust turnaround plan."
 
Yasmin, the former chief executive officer of Malaysia Digital Economy Corp, said the decision to step down was a difficult one to make but she remains upbeat about the prospects of Pos Malaysia.

"It has been an absolute honour to serve as Pos Malaysia chairman for the last two years. I would like to thank the board, management and everyone in Pos Malaysia for the incredible support whilst I was chairman," she said.

Separately, Pos Malaysia said Datuk Jezilee Mohamad Ramli has been appointed its non-executive director.

"Datuk Jezilee had served Pos Malaysia as its group chief, corporate services and is currently the chief operating officer, corporate services of DRB-Hicom," the group said.

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