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Wednesday, November 23, 2005

The most competitive bumiputra CEO in Malaysia 2005

I intend to do an article on "Top ten most competitive bumiputra entrepreneur in Malaysia" rather then doing the most competitive employed CEO, because I feel that to solve the high unemployment rate of graduate in Malaysia. Unemployed graduate need to venture out as an entrepreneur rather than ask politician to pressure private sector to employ bumiputra CEO.

However, one of the bumiputra entrepreneur that I respect Tan Sri Dato' Seri SM Nasimuddin of Naza has been alleged by our ex-Prime Minister Tun Dr Mahathir in deceiving him to approved Nasional Car status to his company. Tan Sri Dato' Seri SM Nasimuddin has since choose to remain silent and never defend himself on this issue. Government also did not clarified whether the new NAP has legitimate his move. This cause I unable to rank the "Top ten most competitive bumiputra entrepreneur" until this matter is clarified.

The reason I write this article is to provide a benchmark for aspire bumipuitra CEO on what is competitive CEO base on merit. Thus, to promote efficiency base on merit and improve the competitiveness of our country. This article also intend to provide awareness among non-bumiputra company that we do have competitive bumiputra CEO.

Criteria

The person must be a bumiputra holding CEO position in Malaysia company. However, such person must not be an entrepreneur nor related to the major shareholder of the company he attached to.

The person must leading a profitable company. Preferable a company that have strong growth in profit. However, such profit growth must not be at the expense on the country economy. If a company profit growth via price increase, tariff hike, increase in fare, or compensation by government. This company cannot be consider a competitive company.

PLUS Expressway Bhd achieved highest return on turnover during the year. Higher than MISC and Maxis but it profit mainly from price adjustment and compensation by the government. An incompetent CEO also able to achieve such profit.

The Most Competitive Bumiputra CEO in Malaysia 2005.

Category:Government Link Company (GLC)
MISC CEO Datuk Shamsul Azhar Abbas

aged 53, is the President / Chief Executive Officer of MISC Berhad (formerly known as Malaysia International Shipping Corporation Berhad). He sits on the Board of MISC and is the Chairman on the Boards of MISCÂ’s major subsidiaries and associate companies. He is also the Chairman of PETRONAS Maritime Services Sdn Bhd and a Director on the Boards of Bintulu Port Holdings Berhad and NCB Holdings Bhd.

DatoÂ’ Shamsul Azhar bin Abbas holds a degree in Political Science from Science University of Malaysia, a Masters of Science Degree (MSc.) in Energy Management from University of Pennsylvania, USA and a Technical Diploma in Petroleum Economics from Institute Francaise du Petrole (IFP), France.

He joined PETRONAS in 1975 and has held various senior management positions in PETRONAS including Vice President, Petrochemical Business, Vice President, Oil Business, Vice President, Exploration and Production Business and Vice President, Logistics & Maritime Business.
On 1 July 2004, he was appointed as the Managing Director/Chief Executive Officer of MISC. He is also currently a member of the PETRONAS Management Committee.

MISC Bhd rank as the highest net profit company in Malaysia by Malaysian Business on it 16 October 2005 issue. It rank the second highest return on turnover by Malaysian Business after PLUS Expressways Bhd. MISC record a profit of RM4.8billion for the year ended March 31,2005, more than double RM.3billion made the year before.

Category: Non-bumiputra controlled company
Maxis Communication Bhd CEO Dato Jamaludin Bin Ibrahim

Y. Bhg. Dato Jamaludin, aged 44, a Malaysian, was appointed a Director of Maxis on 23 April 2002. He is also the Chief Executive Officer ("CEO") of Maxis. He served with Maxis for about 6 years having joined in early 1997 as Director of Corporate Strategies and Development and was later promoted to Chief Operating Officer in September of the same year. In October 1998, he was appointed as the CEO of Maxis.

He has over 17 years of experience in the IT industry prior to his appointment in Maxis. He was the Managing Director and CEO of Digital Equipment (M) Sdn. Bhd. (subsequently acquired by Compaq Computers Malaysia Sdn. Bhd. and later Hewlett-Packard Sales (Malaysia) Sdn. Bhd.) from 1993 to 1997. He spent 12 years at IBM Malaysia, from 1981 to 1993, initially as a systems engineer and moving on to positions in sales, marketing and management. He was a lecturer at California State University, in the United States for a year.

He attended Maktab Sultan Abu Bakar before graduating from California State University in the United States with a Bachelor of Science, Business Administration, and a minor in Mathematics in 1978. He obtained his Masters in Business Administration from Portland State University, Oregon in 1980.

He was named Malaysia's CEO of the Year 2001. The award was jointly presented by American Express Corporate Services and the Business Times. He was also named Business Person of the Year 2001 by the Asian Academy of Management.

He is a Board member of Malaysia Venture Capital Management Berhad, HeiTech Padu Berhad and the World's GSM Association, an international wireless trade association body.

Maxis Communication Bhd is a company control by a non bumiputra Ananda Krishnan. It is the largest market capitalize non-GLC listed on Bursa Malaysia. The company is the highest net profit non GLC in Malaysia and highest return on turnover among non-GLC. The company achieve it profit not via price increase. In fact, the company is driving the price down by involve in a price war like the price war among prepaid segment recently.

Category: Women CEO in GLC
KPJ Healthcare Bhd Managing Director Datin Paduka Siti Sa'diah Sheikh Bakir

Aged 52, Datin Paduka Siti Sa'diah has been the Managing Director of KPJ Healthcare since 1 March 1993. An Economics graduate from University Malaya in 1974, Datin Paduka began her career with JCorp in the same year. She has been directly involved with JCorp's Healthcare Division in 1978. She was the Chief Executive of KPJSB, the holding company of KPJ Healthcare, from 1989 until the restructuring of KPJ Healthcare in November 2002.

Datin Paduka is also currently the Chairman of various hospitals in the KPJ Healthcare Group, as well as being a Director in other companies within the JCorp Group, such as Kulim (M) Berhad, Puteri Hotels Sdn Bhd, Willis (Malaysia) Sdn Bhd and JMF Asset Management Sdn Bhd, as well as Klinik Waqaf An-Nur, a nongovernmental organisation dedicated to the provision of healthcare services to the less fortunate. Her commitment to excellence in healthcare has driven her to be active in professional organisations, such as becoming the Vice President of the Association of Private Hospitals in Malaysia (APHM), from 1994 to 1996, and the President of the Malaysian Society of Quality in Health (MSQH), since its inception in 1997.

Datin Paduka has also been a Board Member of MATRADE since 1999, Chairman of the Audit Committee of MATRADE since 2003, a member of the National Productivity Corporation's Consultative Panel on Healthcare since 2001, and a member of the National Patient Safety Council, Ministry of Health since 2003. Since 10 April 2004, Datin Paduka was elected as an Independent Director of Bursa

KPJ Healthcare Bhd is control by Johor Corporation Bhd. A company control by Johor state government. She is the only women CEO at holding company level that I able to find among all GLC.









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13 comments:

__earth said...

what? no nazir razak?

Boss Stewie said...

I used to work with Deutsche Bank back in KL with the equity research team. When I was there, part of the luxuries in my job was to meet corporates of many companies.

One interesting Bumiputra CEO that I was impressed with is Zainal Amanshah bin Zainal Arshad of Redtone International.

Checking the Redtone website, it says that his position is an executive director. But I vaguely remember that he had a "CEO" on the business card he handed me at the end of the meeting.

Speaking to this man, I can tell clearly that he knows his stuff and he is not just there because he is a Bumiputra. He may not be as wealthy as an "AP King"... but I think he is certainly worth the mention, or at least, the research.

Do look into this guy.

Peter said...

Hi _earth,

Nazir Razak has been considered but unfortunately not selected at least for 2005.

Hi boss stewie,

You are so young yet you have so good opportunity, not bad. Zainal Amanshah is CEO of Redtone Communications Sdn Bhd, a subsidiary of mesdaq listed Redtone. Thus, he is not a CEO at holding company level and was not considered in this ranking.

Anyhow, thanks for feedback from both of you.

Further feedback is welcome!

soowm said...

It would be interesting if you can come up with the list of Bumiputra CEO's that enchance shareholders value, in this context would be share prices and dividend payout.

Peter said...

Hi soowm,

MISC CEO has enhance shareholders value via increase in share price, if you read the article in detail and read all the link provided.

Melewar Group's steel division has enhance shareholder value via dividend payout. However, the cash they used to paid to shareholder is not generated by the present management. The cash was generated by previous management. thus, Melewar group competitiveness in steel industry is yet to be test.

Fashionasia said...

erm...why must be bumiputra CEO? not Malaysian CEO??

Peter said...

Hi Fashion Asia,

If you read business magazine and article regularly. You would know that we do nt lack ranking for Malaysian CEO.

Like YTL Group CEO just won CEO of the year award by CNBC.

I really welcome you from my another blog Beauty Biotech

It would be a little difficult for you to follow initially. Please do not hessitate to ask again if you do not understand

Welcome!

Anonymous said...

I dont like discrimination.Malaysia is made up of several races , all of whom are Malaysian.I disagree on the terminology "buniputra" that is my human right.I am also a firm believer in International Law and support the United Nations resolutions.Article 1(1)of the International Convention on the Elimination of Racial Discrimination says that "Any distinction, exclusion, restriction or preference based on race, color,descent,or national or ethnic origin which has the effect of nullifying or imparing the recognition, enjoyment or exercise on an equal footing, of human rights and fundemental freedoms in the political, economic, social, cultural or any other field of public life." would be racial discrimination.To segregate races in terms of the best Bumiputra CEO's in Malaysia ( as opposed to non-bumiputras)would be akin to doing exactly the same as identifying the white CEOs against the blacks in the 1950s and 1960s in the USA. This is offensive to me and I dont wish to partake in such a discussion.In any event most Bumiputra CEOs in Malaysia and I am not stereotyping would be in thier positions if there was competition for their jobs.

Peter said...

The above latest comment was posted from a link from Washiton

Anonymous said...
This comment has been removed by a blog administrator.
Peter said...

Abu Ziyad,

Thank you. Your comment is an old issue since my blog start

shazwani said...

first and foremost, it is a great article anyway. i do respects and admire all the prominent person that u had stated. maybe you can add some more about their background. maybe about their hardship before achieve their amazing life. thank you.

3K said...

hi Peter,
There will be a CFO Symposium 2010 on 12th MAY 2010 @ SimeDarby Convention Centre.
I would like to share this info.
Pls contact me at kanagasilan@mia.org.my / 016 355 3631