Tuesday 10 April 2012

Syed Zainal still MD, says Proton

KUALA LUMPUR (April 10): PROTON HOLDINGS BHD [] has said Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir is still holding the position of group managing director of the national carmaker, and that his services are still required in the company.

Responding to a report in the Edge Financial Daily on Tuesday citing sources that Syed Zainal had resigned from the company, Proton in a statement on Tuesday said it was not aware of the source of the speculation.

The Edge Financial Daily, citing close associates of Syed Zainal and industry executives, said the resignation was due to differences with the new owners of Proton, namely conglomerate DRB-HICOM BHD [] that took over the national carmaker.

"The post-acquisition exercise is still proceeding smoothly — and upon the completion of the same, Proton is expected to have a strong synergy of current and new management team members that will provide Proton with the necessary impetus to lead the company in its aspiration to become a globally-successful automotive player," said the national carmaker.



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