Proton today announced the appointment of Datuk Seri Syed Faisal Albar, the group managing director of DRB-Hicom, as its new non-executive chairman following ex-chairman Tun Dr Mahathir Mohamad’s resignation on March 31.
The automaker also said that Syed Faisal – who was appointed to his DRB-Hicom post in March this year – will also be taking on the role as chairman of Group Lotus.
Prior to his appointment at DRB-Hicom, Syed Faisal was the CEO of Malakoff. Before joining Malakoff, the 50-year-old – who is an accountant by profession – was the CEO of Gas Malaysia Berhad from June 2013 to December 2013.
He was also the executive director of Konsortium Logistik (KLB) from June 2013 to December 2013, and was previously group MD of POS Malaysia from 2008 to 2011 as well as the CEO of New Straits Times Press (NSTP) from 2003 to 2008.
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ho hummm… another bean counting pencil pusher… the writings on the wall now.
For a company that is bleeding money and recently begged RM1.5 billion from our pockets and the fact it has lost billions the past 3 years and is STILL losing about RM1 million per month, we need to ask the folowing questions
1) What is his gaji now as non exec chairman of Proton and Chairman of Lotus? If Proton is bleeding, they should not even have such post. Keep the company trim. Just have a MD as the highest post. Easily this post will cost RM50k per month in remuneration and another RM50k per month from Lotus.
2) What are his benefits? Is he getting the usual S class or Audis limo with driver? This is not necessary. He should be given Saga FLX as company car and NO driver. This is because, the company is losing money daily and it needs to keep the management trim. What other benefits and allowances does he have?
3) Since Proton hs begged RM1.5 billion, has Proton withdrawn unnecessary privileges for directors and management too? Each director should be given Saga FLX as company car with no driver. All other perks also should be taken away.
In overseas, if a company is not doing well, the management themselves will take a pay cut, turn down share options, turn down benefits and reduce claims.
With Proton, the existing directors have not taken a sen of paycut despite incuring losses of RM1 million per month. On the other hand, they appoint a non exec chairman to waste even more money.
Muniandy,the other day I send my camry for minor repairs at the workshop.
OMG….I saw the Myanmar mechanic overhauling a 5 year old Saga Campro engine.
He said ,the car owner just couldn’t start the bladdy engine.It went bonkers.
In other words,its shelf life is 5 years.
Other Nissan,Honda ,toyota 15 year old cars still zooming all over town.
I also happen to talk to a malay pak cik,taking delivery of a 1999 Toyota harrier,paying rm 27k cash,all the way from jengka ,Pahang,travelling to Klang JPJ for ownership transfer.
You see,even old timers are suspicious of Protong…what more you see new executive appointments after squandering billions of grants…..our tax dollars.
Beware,next year they will ask even higher ‘soft loans’…2.6?
Mentality pengemis….sedih rakyat.
chairman in Proton sure to get RM100k minimum per month. chairman in Lotus sure to get 100k pounds per month. What a lovely life.
Money comes from the recent RM1.5 billion soft loan
Let’s vote for BN in the coming election
Chairman of Lotus? Will you be paid in Sterling? Most chairmans in UK earn about 200,000 pounds per annum. Syukurlah dapat RM1.2 million gaji
hello brader, chairman in the UK earn abt 200k pounds per MONTH and not per YEAR!
That is so true!! Proton management will never learn!! Even the government is so stupid just to inject RM1.5 billion without looking into Proton’s future roadmap/plans to turn around.
If it is bleeding so much $$, why not just liberate the auto industry, make drastic changes to implement policies to attract automakers to invest in Malaysia, i.e hybrid incentive. Haiz
bro.. this is long term money making /sucking strategy la… they know P1 going to have money soon.
Proton is losing RM25 million per month according to Mustapa. You lose RM25 million per month, you still hire big guns?
Malakoff also went into bankruptcy during his time. Billions had to be given to the company for bailout
What’s the big deal? Losing millions is like water to them. Got suckers want to support P1 what
If all else fail, later just eat roti jela.
wild guess??? 3 months??? 6 months???
I give him one year to stay…..
All the best boss.
Looking forward for better n greater PROTON
You have the support of the Taxi cronies. We will proudly continue using our fleet of 1992 Iswaras until the Day of Judgment.
37 years old he became CEO of NST group. No wonder why NST went into bankruptcy at that time.
How can you appoint a small boy to be head of a giant? Surely Gomen can fin so many 50 yr olds then
cukurrrrr oranga kite pegang jawatan tinggi-tinggi…
MAS, Rayani Air and Proton soon to come… AP system owners all the same.
If Proton is sincere about turnaround, each and every Board of Directors and Management should take a pay cut. After all, you are earning like RM50k per month. You should take a 50% pay cut.
In overseas, if a company is doing badly and they are begging public money, it is a norm to take a pay cut.
Is Proton big shots taking a pay cut? If not, how dare you ask RM1.5 billion of rakyat money?
Many times Proton has taken money, the BOD, Directors, Management all never took pay cut. They lived luxuriously. 5 star hotels all suits, Business Class all over the world, Drivers, Top Audi cars as company cars, unlimted entertainment allowance etc
Time for Proton to show their sincereity. Just cannot take money just like that. Show us you are giving up your luxury Audis, Mercedes Benz and BMWs. All Directors should either use Saga FLX or Wira 2003 model.
Can Proton management give the list of company cars that their staff is using? I think it is high time to give up all those luxury cars cause the luxury cars alone come to about RM50 million to maintain.
Can the CEO, the new Adviser (another Tun), the CFO, Chairman, Directors (executive and non Executive) all use Wira 1.3 GL?
There are many in the 2nd hand market. Buy a good Wira 1.3 GL for Rm6000 for the CEO please
The Chairman, we can be a bit more luxurious and give him a Proton Wira 1.5GL
Rm1.5 billion soft loan will finish very fast. His gaji alone is 6 figures per month. Cukur lah
people were expecting proton to launch a rebadged car this month. instead, they launched a new chairman.
And they launched it without any spy shots and masking tapes.
Joke(r) of the year award goes to…
Change chairman.. change CEO.. but if the internal problem still not solved.. then what for… what people want….. run proton as business entity… not crony entity…. no need high tech car.. as long as quality good, good looking and right price.. then proton will easily sell like in early 90’s.. datuk fuaad and datuk syed faisal.. i hope u get it…. no need to talk a lot about philosophy or bullshit.. people dun care.. what people want….. buy car with less problem. If datuk fuaad understand this… (like he’ll read).. nvm… and one more thing DRB hicom and gomen… stop politicking in proton… follow perodua footstep…… sell…sell…sell.. no vsc..no abs… but axia still sold like hot cakes.. because …they managed to stamp in people’s mind… perodua… enjin toyota…jimat minyak….
Please construct complete sentences and present your thoughts in a coherent manner. Refer to posts by our abang cybertrooper, Muniandy Periasamy. He is repetitive and boring but still very readable than your… ….. …. ….rambling.
Hello…..this is not story telling competition.. r u an english teacher??? Act like u the only one can write a good one… this is about vital point.. no need to write like in journal…
Yes.. Then Proton should put in Perodua Engine in Proton Model not CamPro, Perodua E-AT transmision, not CVT bising Punch Powertrain..
If not, just bring Honda I-VTEC and Honda CVT inside their Iriz, Preve & Suprima S
yup. whoever in-charge also cant turn it to positive coz the cost of production is too high. those colony suppliers had to be stopped and replace by competitive parts supplier. also pls do random checking on ur poor service centre productivity…..one day max serve only 30 cars but T & Y can service up to 60 cars…..so bad
Does he own a proton?? Does he drive a proton?? If he does then kudos and good luck to him, otherwise GTFO
hahaha, he does look like someone who drives a Proton and could-go-to-sleep-any-time-any-where look. you see his face properly (not that I am Joey Yap, look at his face can tell his fortune), but he sure looks kena paksa jadi member.
His first step.. ask all proton’s management and staff to drive a proton… show that all of u have faith in your product….
I was thinking the same thing. If only all the management in Proton can use their own Proton car daily to get to know what is the issue the people always facing on
PLEASE appoint someone who has expert background in automotive sector..the one who has passion for national automotive..the one who sleep,bath,eat automotive..the one who would die to see national car maker succeed in their business. PLEASEEEEEEEEEEE!!!!
Sorry bro, even the previous 6 loan member “DUST FORCE” also have ZERO automotive experience were appointed in.. can C their “downturn” plan in working progress. Syabas, Potong!
In Syed Mokhtar group its a norm. One (the bosses that is), can screwed up one company and the next day could helm in another group’s company w/impunity!
BN ministry way of doing businesses… AP system owners Leader ONLY !!! Fail ask more R&D from gov (using Rakyat taxes money)!!! BN the best party !!!
Wait a min, didnt pos msia had its worse years at those times??? From 2008 onwards…..
And didnt NSTP had massive losses during his tenure?? Correct me if im wrong….
For heavens sake, get some experienced head la, u keep rotating these ‘brilliant’ directors around to all different segments, knowing sh*t about automotives n all….. Make me freaking sick…. F to whoever approved this appointment seriously….
All GLCs recruit from a small pool of bean counters, recycled over and over again.
U just realised this? Its been a long time this bunch of morons being circulated in corporate world of malaysia….
All cronies company business. Any international track record?
Well, he is a non-executive chairman.
Does nothing really about running the company….
Drill it down and he is just a PA to the board of Directors.
Redundant position.
Change chairman….but Punch CVT no change.
Bodoh tahap bertingkat tingkat sampai Twin Towers.
Why Proton cannot survive w/o a Chairman ?
Why don’t you let chopper Idris Jala restructure the company then only announce your Real Madrid lineup. ( in terms of the bloated salary paid to the bloated management )
Why wanna pandai2x jump the gun and later have to pay hefty severance package when some new partner comes in.
Bercukurlah!!
Sure gone all the Malaysia gov running company. All loss making business. What the CEO also the same. Trust me. Gone case!
whatever whoever ..
Hope he was appointed because he is qualified not due to other reasons but still feel he too young (in term of experience) for chairman!
Non-Executive chairman. the executive chairman behind the scene is still Tun M. they fooling the gov. none of DRB people are automotive specialist. bunch of wanna bes.
Proton need to be sold to a good well known International OEM to become somebody. BTW I have news that Tun M is visiting the Kepong Kit car maker Bufori recently alot. there goes Bufori…
Datuk Kadri…..1.5 Billion RM,SEDAP NYA
This is the time to pay inflated salaries..so that if layoff comes…the severance package will be gargantuan,mah.
The BAILOUT MONEY will be quickly depleted to finance these bunch of ….,so that next year,they can approach MITI for even more ” soft loans’ mah.
Amazingly,no layoffs have been announced.Instead more executive appointments are rushed.
TOTALLY SHAMBOLIC STYLE OF MANAGEMENT.lhdn GOING AFTER even char kwei teow hawkers to bring in more cash,after dishing out bailouts.
Dear Paultan.org
as the premier and influential Malaysian automotive blog, please collect our voices and pass them to Syed.
I believe many of us want a better national car experience.
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#Pengerusi eksekutif
#Pengerusi bukan eksekutif
Pengerusi eksekutif mempunyai kuasa yang sama rata sahaja dengan pengarah-pengarah lain, tetapi dalam konteks tanggungjawab, dia dikenakan tanggungjawab yang lebih berat dan bersifat objektif oleh undang-undang berbanding dengan pengarah-pengarah bukan eksekutif. Jika Pengerusi bukan eksekutif hanya bertanggungjawab ketika mengambil bahagian dalam mesyuarat lembaga pengarah sahaja, Pengerusi eksekutif mempunyai tanggungjawab secara sepenuh masa dan perlu pula menggunakan kemahiran dan usaha yang bersesuaian dengan kepakaran dan tugasan yang diberikannya: AWA Ltd v Daniels (1992) 10 ACLC 933. Bolehlah dikatakan bahawa Pengerusi eksekutif bertanggungjawab secara sepenuh masa kepada syarikat dan tertakluk kepada senarai tugas (jika ada) yang dipertanggungjawabkan kepadanya.
Realiti sebenarnya (di sisi-sisi undang-undang) amat jauh berbeza. Di sisi undang-undang, pengerusi tidak mempunyai apa-apa kelebihan dan tidak mempunyai apa-apa kuasa istimewa yang mengatasi kuasa lembaga pengarah. Pengerusi hanyalah seorang pengarah yang diberi tanggungjawab mempengerusikan mesyuarat lembaga pengarah dan pada adatnya mempengerusikan juga mesyuarat agung. Perkara-perkara Persatuan syarikat hanya memberikan empat kuasa kepada pengerusi: mempengerusikan mesyuarat lembaga pengarah (perkara 85, Jadual A), menandatangani minit mesyuarat (seksyen 156), dan jika berlaku persamaan undi dalam mesyuarat, pengerusi mempunyai undi pemutus (perkara 53, Jadual A), dan akhir sekali, jika berlaku kacau bilau atau kaca ganggu dalam mesyuarat, pengerusi boleh menggunakan budi bicaranya untuk menangguhkan mesyuarat.
‘A chairman is nothing more than a man on a chair’. Jika diberi kerusi, ia duduk, jika ditarik kerusinya, ia akan jatuh. Begitulah ibarat kuasa seorang pengerusi. Kuasanya sentiasa tertakluk kepada restu setiap masa oleh orang yang memberinya kuasa!
Semoga bermanfaat*
Another incompetent person being offered the job. Proton needs to start looking for talented people.