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.
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.”
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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.