New MAS structure ?
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Malaysian Airline System Bhd (MAS) has appointed a new management team as part of the struggling airline's corporate restructuring, according to Reuters, which obtained a copy of a circular to its staff.
In the circular, MAS managing director Mohamad Nor Md Yusof said he had appointed a nine-member team he would head to implement and manage measures intended to revive the airline.
At least three former top executives have been excluded from the team, while the new faces include a former official from Australian carrier Qantas.
Among those excluded from the new management were long-serving executive vice-president Bashir Ahmad and Radzlan Akib Bakar.
"Bashir Ahmad and Rodzlan Akib will relieve their current line-responsibilities and report directly to the managing director," according to the circular.
Australian Paul Mooney, a former Qantas official, and Ong Liang Heng, a former investment banker, are among the new faces.
Mooney will be senior manager in charge of network and revenue management and Ong will be the new chief financial officer.
A company source told Reuters that another former Qantas official was also due to join the MAS management.
From the Edges Daily.com
http://www.bizedge.com.my/article.cfm?id=5563
In the circular, MAS managing director Mohamad Nor Md Yusof said he had appointed a nine-member team he would head to implement and manage measures intended to revive the airline.
At least three former top executives have been excluded from the team, while the new faces include a former official from Australian carrier Qantas.
Among those excluded from the new management were long-serving executive vice-president Bashir Ahmad and Radzlan Akib Bakar.
"Bashir Ahmad and Rodzlan Akib will relieve their current line-responsibilities and report directly to the managing director," according to the circular.
Australian Paul Mooney, a former Qantas official, and Ong Liang Heng, a former investment banker, are among the new faces.
Mooney will be senior manager in charge of network and revenue management and Ong will be the new chief financial officer.
A company source told Reuters that another former Qantas official was also due to join the MAS management.
From the Edges Daily.com
http://www.bizedge.com.my/article.cfm?id=5563
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Nicely written OA, i dunno about the accuracy but it was a well written post. In this i happen to agree with you, I don't see how MAS can be salvaged but then i am not an expert in business. What i do know is that the crony system does not work, and that system seems firmly entrenched in the present political and business environment here. Personally, i think we need to change this, but the majority of Malaysians don't think so. The programming by the media is very effective. One of my friends from overseas commented; 'It is amazing how often headlines in the malaysian newspapers reports a politician telling the people to do this and do that.'
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The rename of SVP and VP to GM and manager respectively bring MAS salary scale more inline with the corporate sectors and allow the new management rooms to appoint new VP in the future.
Personally, believe half if not more of the 40+ 'old' VPs should not be there at the first place. If history is any precedent, expect new cronies to fill these new VP positions in 2 to 3 years time.
Personally, believe half if not more of the 40+ 'old' VPs should not be there at the first place. If history is any precedent, expect new cronies to fill these new VP positions in 2 to 3 years time.
