Super CEO
Abdul Wahid Omar, group chief executive officer of GLC, Telekom Malaysia Berhad, has created new management layers, and an oligarchy of seniors that effectively make him a super CEO in the country.
He calls that the second phase of corporate re-organisation, a Performance Improvement Programme (PIP), that has set out six core areas to move towards greater profitability and growth.
The last re-organisation and re-alignment of divisions and functions at TM's corporate HQ took place in April, 2005.
The new re-org involves the creation of two strategic business units (SBUs) called Malaysia Business and TM Ventures, respectively.
Thr former is to consolidate all domestic fixed services into a single leadership team under one CEO, while the latter is supposed to "group and separately manage TM's non-core businesses with the objective of eventually exiting unprofitable ones and reintegrating core ones into retail and wholesale".
Though TM Ventures sounded like a transitional outfit, no shelf-life was affixed to it.
Under the new structure, only the CEOs of Malaysia Business, TM International, Celcom and TM Ventures will report directly to Wahid.
CEOs of TM Wholesale, TM Retail and TM Net wil now report to the CEO of Malaysia Buisiness.
The OKB (Orang Kuat Baru) in TM are:
- Zamzamzairani Mohd Isa, originally TM senior vice president of group strategy and technology, is the Malaysia Business CEO to oversee operations at TM Wholesale, TM Retail and TM Net.
- Khairussaleh Ramli, current Bursa Malaysia chief financial officer, is the CEO of TM Ventures. Hd will report for duty on September 4.
- Mohd Noor Omar is the vice president for a group programme management office (PMO), a newly created outfit to "drive and closely monitor transformation initiatives". He will report directly to Wahid. Mohd Noor was forerly the general manager of strategy and business analysis of TM International.
Job Opening. An executive search is currently on-going to scout for the head of a high-level regulatory unit, who will report to Wahid on group legal and compliance functions. The rationale is to better manage critical value creation and support transformation initiatives.
Casualty. Celcom COO Zubir A Rasid has resigned effective August 1.
The changes, except for the appointment of Khairussaleh, will take effect today.
Management rationale
According to The Edge Daily:
Announcing the PIP yesterday, TM said the programme was structured around three top priorities -- to boost fixed-line performance, mobile performance and executional capacity. [...]
"We have recognised that there are far too many non-core businesses which also need to be rationalised. Additionally, the rationale behind our move is to reduce the number of reporting lines and ensure sufficient leadership focus on key priorities," said Wahid.
Comments
Are we looking at an increase in the tariff rate to feed these top heavy buggers?
This is what GLCs are good for. Restructure only but no clear strategic directions to increase revenues and optimise costs.
What are all these management outstanding for that is noteworthy?????
Posted by: concern-lah![[TypeKey Profile Page]](http://www.jeffooi.com/nav-commenters.gif)
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August 4, 2006 08:01 AM
Congrats to Mohd Noor Omar for the promotion. He was my MBA classmate.
Posted by: kamil![[TypeKey Profile Page]](http://www.jeffooi.com/nav-commenters.gif)
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August 4, 2006 08:46 AM
good choice on the appointment of zamzam. he is one of the only few in TM who understands the telecommunications business.
Posted by: seemobutts![[TypeKey Profile Page]](http://www.jeffooi.com/nav-commenters.gif)
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August 4, 2006 02:10 PM
I can only dream that the best candidates are selected for the respective position. Why is it such that it is a one race affair. Can't we consider all Malaysians for the best candidates.
Posted by: MALAYSIAN![[TypeKey Profile Page]](http://www.jeffooi.com/nav-commenters.gif)
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August 4, 2006 02:22 PM
GLCs are one race business, mana boleh?
Posted by: simon![[TypeKey Profile Page]](http://www.jeffooi.com/nav-commenters.gif)
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December 25, 2006 12:56 PM