KUALA LUMPUR: Khazanah Nasional, the majority shareholder of Malaysia Airlines, on Tuesday (Oct 7) denied reports of a new CEO for the troubled carrier. In a statement, Khazanah called the reports “speculative and premature”.
The state investment fund stressed that the search for candidates is still ongoing, and “at this point in time, no person has been appointed as the new CEO”.
“The outcome (of the decision on a new CEO) will be announced in due course, within the timeframe indicated previously,” said Khazanah.
Malaysia Airlines said in September the contract of current CEO Ahmad Jauhari Yahya will end Sep 19, 2015. According to media reports, the new CEO for the company will be announced by year-end.
The state investment fund is looking for potential candidates from the global aviation industry and among local talent to lead the airline. The search is part of an effort to strengthen the airline’s leadership, said Khazanah.
The carrier is undergoing restructuring following the double aviation disasters of MH370 and MH17. Flight MH370 disappeared with 239 people on board while travelling from Kuala Lumpur to Beijing on Mar 8. No trace of the aircraft has been found. Flight MH17 crashed in east Ukraine on Jul 17 while travelling from Amsterdam to Kuala Lumpur, killing all 298 people on board.