Telekom Malaysia (TM) has announced that its Acting Group Chief Executive Officer (AGCEO) Datuk Bazlan Osman has resigned, effective 16 November 2018. He has also given notice of his resignation as Executive Director (ED) which takes effect on 28 February 2019. He took the helm at the company in June 2018 after the resignation of Dato’ Sri Mohammed Shazalli Ramly. Datuk Bazlan began his career in TM as Group CFO in 2005.
Filling in the Acting CEO and COO role effective 16 November 2018 is current Executive Vice President of unifi, Imri Mokhtar.
[UPDATE] In an official media statement, TM Group’s Chairman Tan Sri Dato’ Seri Sulaiman Mahbob expressed his highest gratitude to Datuk Bazlan for his dedication and contribution to the Group during his 16-year tenure.
“The entire Board, management and Warga TM would like to record our heartflet appreciation to Datuk Bazlan for his leadership and contribution to the Group. He has been an important member of our leadership team; ensuring sustainable value creation and preservation through financial and business discipline, as we execute our strategic initiatives especially in these challenging times. Datuk Bazlan is also a beloved leader amongst our Warga TM and will be remembered for his passion, strong work ethic, sense of purpose and noble values. We particularly welcome and are grateful for his intention to remain and facilitate the leadership transition to Imri up to 28 February 2019. We would like to take this opportunity to wish him all the best for his future endeavours,” said Tan Sri Sulaiman.
Prior to his new role as AGCEO, Imri was the Executive Vice President of unifi, responsible for the end-to-end management of the converged portfolio comprising phone, broadband, mobile, TV, wifi and value-added services for TM’s home and SME customers.
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Rocky road, can it get better?
The self-proclaimed convergence champion has not had a great year, with increased competition and evolving market dynamics. Shortly after Datuk Bazlan took the helm, TM announced it was revising its Headline Key Performance Indicators (KPIs) as well as the implementation the fourth wave of its transformative Performance Improvement Programme 2018 (PIP 2018).
Earlier this year, Datuk Bazlan said the group expects the challenging environment to persist throughout the year. TM revised its revenue growth target to negative 1.0% to flat in 2018, originally set at 3.5-4.0% based on the previous year.
As part of its transformative journey, TM announced new unifi plans – the most aggressive in years. It introduced a new entry-level plan, initially targeted at the B40 segment, then later opened to all. It also launched turbocharged broadband plans that upped current speeds by up to 10X. That aside, it would double the speed for existing Streamyx customers at no additional cost. Streamyx customers in unifi locations can upgrade to faster speeds.
The move was an industry shaker, and spurred rivals like TIME and Maxis to react with more competitive plans.
Telekom Malaysia Berhad share price closed today at RM2.38 per share.
For more information, visit http://www.tm.com.my/
