Malaysian Prime Minister Muhyiddin Yassin on Saturday appointed Malaysia‘s state-owned oil firm Petronas president Wan Zulkiflee Wan Ariffin to head the country’s national carrier Malaysia Airlines.
Muhyiddin said in a statement that the move is part of an effort to strengthen several government-linked companies (GLCs) in the face of challenging economic times.
Muhyiddin expressed appreciation for Wan Zulkiflee’s contribution during his 37-year tenure in Petronas.
“Petronas is the only government company which has a good international credit evaluation and still listed in the Fortune Global 500,” he said, adding that he believes Malaysia Airlines will be restructured and be expanded further as a resilient, sustainable and well-managed national carrier.
Meanwhile, Petronas’ executive vice president and group chief financial officer Tengku Muhammad Taufik Tengku Aziz will be the new Petronas group president and chief executive officer, said Muhyiddin.
Both appointment will take effect on July 1.