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Malaysia Airlines’s new succession plan

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After a bumpy exit by Malaysia Airlines Berhad’s (MAB) most recent CEO, the board of directors of Malaysia Aviation Group (MAG) have announced senior leadership changes in the airlines.

The airlines’ current chief operating officer, Peter Bellew, has been appointed as its new group managing director (MD) and chief executive officer (CEO).

These roles were currently being held by Christoph Mueller.

Mueller, who resigned this March, is serving his notice period till 9th September and will step down from the MAB Board effective today.

Khazanah Nasional Berhad (Khazanah) and the MAB board conducted a comprehensive search for a new CEO, a process that commenced in April of this year and involved internal and external as well as local and foreign candidates.

Bellew has been a member of MAB’s senior management team since 1st September 2015, their first day of operations.

ALSO READ: 5 tips for your succession planning strategy

In his role as the group MD and CEO, “Bellew will ensure continuity in the execution of the Malaysia Airlines’ turnaround plan and further progress of the overall restructuring effort, as set out by Khazanah in its 12-point MAS Recovery Plan,” read a statement from the company.

Besides being MAB COO, Bellew is also an executive director on the MAG and MAB Boards, together with chief financial officer (CFO) Omar Siddiq Amin Noer Rashid.

Rashid was appointed director on the MAB Board on 8 September 2015, and was made MAB CFO and executive director on the board on 5 January 2016.

Rashid joined MAB as CFO from Khazanah, where he was executive director, investments overseeing the aviation sector.

“Peter has been a key figure in the airline’s senior management team responsible for executing the biggest and fastest transformation in our history. He is an exceptional leader and has been an invaluable contributor to the transformation of the airline over the last 10 months,” said Tan Sri Md Nor Md Yusof, chairman of MAG and MAB.

The leadership changes were approved by Khazanah, the sole shareholder of MAG.

Image: 123rf



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