Plugging the ‘Lotus Leak’

DRB Hicom, Proton Holding Bhd’s new owners today in a statement announced the appointment of Aslam Farikullah as the new CEO for Lotus plc and confirms the summarily exit of Dany Bahar. Farikullah is the COO for Lotus plc.

MEDIA STATEMENT

 

LOTUS APPOINTS CHIEF OPERATING OFFICER

Confirms dismissal of Dany Bahar

 

Norfolk, 7 June 2012 – As a result of several media queries, Group Lotus plc (“Lotus” or the “Company”) can today confirm that, Mr Dany Bahar has been terminated from his employment as Chief Executive Officer of Lotus with immediate effect.

The decision was made by the Board of Group Lotus plc following the results of an investigation into a complaint made against him by the company’s penultimate holding company, DRB-HICOM Berhad.

The Company today also announced the appointment of Mr Aslam Farikullah as the Company’s Chief Operating Officer with immediate effect. Mr Aslam, aged 51, has over 26 years working experience, most of which was in the automotive industry. He graduated from University of Bath, England with a Bachelor of Science (Hons) in Engineering. A British permanent resident, Mr Aslam and his English wife of 27 years have three children aged 26, 22 and 16.

Dato’ Sri Haji Mohd Khamil Jamil, Group Managing Director of DRB-HICOM Berhad and also Chairman of Lotus said: “I would like to assure you that we remain committed to ensure the ongoing and future business operations of the Lotus Group as we take the Lotus Group to the next level to remain relevant in the global automotive industry. I look forward to bringing mutual benefits to not only DRB-HICOM and PROTON Holdings Berhad but also the Lotus Group and its employees as well as contribute to the growth of the British automotive industry.”

–         END OF STATEMENT   –

****************

Flamboyant Bahar was seen to have crazy ideas for Lotus like launching five models in one go (Geneva Auto Show 2010), although how to deliver that had always been ambiguous. Now that DRB Hicom has proper grip on Proton and inadvertently, Lotus, a more focus business plan and strategy is expected.

Published in: on June 8, 2012 at 09:47  Comments (5)  

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5 CommentsLeave a comment

  1. You say : Flamboyant Bahar was seen to have crazy ideas for Lotus like launching five models in one go ”

    I say : read what our beloved PM has to say about this:

    I’d like to categorically say that you have the endorsement of the Malaysian government and the Khazanah Holdings board as well to go ahead with this turnaround plan,” he said at a reception held in conjunction with the visit.

    Total investments required for the five-year turnaround plan Group Lotus is embarking on was 480 million pounds.

    The prime minister further said he had a sense that the business plan was do-able and achievable.

    • New players, new policies.

      Khazanah’s policies proven to be out!

      Let DRB Hicom do their bit, their way. After all, its their money.

  2. While the PM said group Lotus have the government and Khazanah endorsement, he didnt say he endorsed/condoned the conduct of its ex-CEO.

    Anyway thats yesterday’s news. Biggum is right, new owner, new boss, new rules.

  3. Elok kalau Najib boleh belajar dari Khamil.

  4. […] DRB Hicom’s decision to summarily sack flamboyant but expensive Lotus plc CEO Dany Bahar brings about a lot of questions. The direction of Lotus and what is expected of the UK respected motorsports design house and development facility, is now the focus of many observers. More importantly, how Lotus would bring about value to Proton and DRB Hicom automotive group. […]


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