INDUSTRY NEWS: DATO’ SRI SYED FAISAL ALBAR APPOINTED PROTON NON-EXECUTIVE CHAIRMAN

Some news on who is taking over Tun Dr Mahathir Mohamed's place as the Chairman of PROTON.

PRESS RELEASE

DATO’ SRI SYED FAISAL ALBAR APPOINTED PROTON NON-EXECUTIVE CHAIRMAN

SUBANG JAYA, 5 May 2016 – PROTON Holdings Berhad (“PROTON” or "the Company")announced the appointment of Dato’ Sri Syed Faisal Albar bin Syed Ali Rethza Albar, the Group Managing Director of DRB-HICOM Berhad as its new Non-Executive Chairman effective 5 May 2016, following the resignation of Yang Amat Berbahagia Tun Dr Mahathir Mohamad on 31 March 2016. Dato’ Sri Syed Faisal will also be taking the role as Chairman of Group Lotus plc.

Dato’ Sri Syed Faisal brings with him extensive corporate experience in various industries. He started his career with PricewaterhouseCoopers and held the position of the Chief Executive Officer of The New Straits Times Press (Malaysia) Berhad from 2003 to 2008.

Among other key positions held by Dato’ Sri Syed Faisal previously include Group Managing Director of Pos Malaysia Berhad, Executive Director of Konsortium Logistik Berhad (“KLB”), Chief Executive Officer of Malakoff Corporation Berhad and Chief Executive Officer of Gas Malaysia Berhad.

Dato’ Sri Syed Faisal’s experience and proven track record in growing revenue and profitability will be especially advantageous to PROTON which is currently in a turnaround mode of its business.

-Ends-