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Malaysia's National Power company denies sacking of CEO

Editorial Staff

A report in the New Straits Times last week said that the company's CEO, Datuk Seri Azman Mohd, had been "asked to resign" and a deadline given of Friday las week. Amongst those surprised by the "news" is Tenaga National Berhad, TNB, the national power company.

The report in the New Straits Times (NST) said that it reporting on "sources close to the national utility company" and went on to provide, in great detail, information on his supposed successor. It was not the only media outlet reporting on the supposed sacking.

Azman (his surname) has been with TNB for almost 30 years during which time he has served in a number of capacities, being promoted to CEO in 2012. Since then, his contract has been renewed several times, most recently in July last year for a further two years.

TNB immediately issued a statement saying " We refer to news reports on the above matter published today. In accordance with the company’s practice, any material statement on changes of TNB’s leadership or matters that can/will affect the company will be issued officially at the appropriate time."

As of the time of writing, TNB has made no announcement and there have been no further media reports.

It's not the first time such "news" has circulated. In June last year an article in MalaysiaKini said that, just a month after the new government was elected, the CEOs of three government-linked companies, TNB, Bursa Malaysia (which everyone calls the KL Stock Exchange) and national oil company Petronas were being, in effect, told to resign. At TNB, Azman promptly got a new contract. In December, KLSE announced that their new CEO would be Datuk Muhamad Umar Swift with effect from 11 February, in place of Datuk Seri TAJUDDIN bin Atan. Umar has taken over although various media outlets continue to refer to Tajuddin as CEO. At Petronas, there is no change and no further rumour of change.

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