KUALA LUMPUR: Datuk Mohd Bakke Salleh is the right candidate to be appointed SIME DARBY BHD []'s new president and group chief executive officer (CEO).
President and chief executive of Permodalan Nasional Bhd (PNB), Tan Sri Hamad Kama Piah Che Othman, said Mohd Bakke has extensive experience and has worked with several government-linked and investment companies like PNB, Tabung Haji and Kumpulan Felda Holdings Bhd.'' '' '' ''
"In terms of experience, he is the right candidate," he told reporters on Tuesday, June 15 when asked to comment on Mohd Bakke's appointment.'' ''
Sime had said Mohd Bakke, 56, was chosen in view of his expertise and experience.
It said Bakke, who served as president, group CEO of Felda Global Ventures Holdings Sdn Bhd, has proven ability to manage large companies, corporate restructuring and management expertise in the PLANTATION [] and property sectors.'' ''
Meanwhile, Hamad Kama Piah said PNB was optimistic of distributing reasonable returns to its unit trust holders even though some of the companies it invested in suffered losses.'' ''
"In managing a fund like this, we will invest in many companies. Sometimes the companies perform well and sometimes not up to our expectations.'' ''
"So far we have managed to record returns as expected even though we faced problems," he said, when asked to comment on Sime's huge losses.
Sime is one of the largest companies PNB has invested in.
Hamad Kama Piah, who is also a member of the Sime's board of directors, said based on experience, the losses were only temporary.
He said the company would take appropriate action to recover the losses.
Based on Sime's 2009 annual report, PNB, thorough its unit trusts, held 41% in Sime while PNB held 15.1% direct stake. ' Bernama
President and chief executive of Permodalan Nasional Bhd (PNB), Tan Sri Hamad Kama Piah Che Othman, said Mohd Bakke has extensive experience and has worked with several government-linked and investment companies like PNB, Tabung Haji and Kumpulan Felda Holdings Bhd.'' '' '' ''
"In terms of experience, he is the right candidate," he told reporters on Tuesday, June 15 when asked to comment on Mohd Bakke's appointment.'' ''
Sime had said Mohd Bakke, 56, was chosen in view of his expertise and experience.
It said Bakke, who served as president, group CEO of Felda Global Ventures Holdings Sdn Bhd, has proven ability to manage large companies, corporate restructuring and management expertise in the PLANTATION [] and property sectors.'' ''
Meanwhile, Hamad Kama Piah said PNB was optimistic of distributing reasonable returns to its unit trust holders even though some of the companies it invested in suffered losses.'' ''
"In managing a fund like this, we will invest in many companies. Sometimes the companies perform well and sometimes not up to our expectations.'' ''
"So far we have managed to record returns as expected even though we faced problems," he said, when asked to comment on Sime's huge losses.
Sime is one of the largest companies PNB has invested in.
Hamad Kama Piah, who is also a member of the Sime's board of directors, said based on experience, the losses were only temporary.
He said the company would take appropriate action to recover the losses.
Based on Sime's 2009 annual report, PNB, thorough its unit trusts, held 41% in Sime while PNB held 15.1% direct stake. ' Bernama
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