CEOs Of Five GLCs Complete First Year – StarbizPrint this page
Date: 30 June 2005
StarBiz ran a report on five CEOs of GLCs that have completed the first year of their tenures, with some observer still unsatisfied with the financial performance of some of these GLCs. What they do like is that the “groundwork is being laid” for the next growth phase and that should lead to better financial performance for most of the five companies in the future. T.A. Securities head of research C.K. Ngu and AmReasearch managing director, Gan Kim Khoon both felt that the GLCs did not meet the huge market expectations although Gan acknowledged that it would be unfair to judge the chief based on one year’s performance as it’s too short a time frame. If financially most of them did not report “super-duper” numbers, the perception of GLCs has improved slightly. The internal structures are better aligned but any cost reduction initiatives would only bear fruit over a longer period. It was noted by the author that TNB CEO, Datuk Che Khalib’s major challenged, as he steps into Year Two, is really ‘o make sure that TNB gets re-rated both by analysts and the rating agencies. If he can pull that off, he can smile his way into Year Three’. As for TM’s CEO, Datuk Abdul Wahid Omar, the challenge for Year Two is to deliver the promise of better services, besides finding ways to increase the revenue streams of all the different TM units. He is expected to present his report card in a media briefing today.