Tun Dr Mahathir Resigns as Chairman of Proton as well as the Chairman of Group Lotus

Tun Dr. Mahathir pictured here with Dato Harith (who is also reported to be leaving as CEO of Proton)

PROTON Holdings Berhad has officially announced the resignation of Yang Amat Berbahagia Tun Dr Mahathir Mohamad as Chairman of PROTON, effective immediately. Concurrently, Yang Amat Berbahagia Tun would also step down as Chairman of Group Lotus plc, a wholly-owned subsidiary of PROTON. 

Sad news. But I believe this is necessary to ensure the survival of PROTON as a national car manufacturer. The reason is obvious to most Malaysians as he is currently at loggerheads with the current Prime Minister of Malaysia over a lot of stuff and is also asking for the PM's resignation. Obviously if he continues as the Chairman of PROTON, the car manufacturer will lose out on a lot of government car supply contracts and more. 

Personally I would wish that the person running the country would step down instead of the old man. I wish Tun Dr Mahathir all the best in his future undertakings as he has done quite a lot in his short tenure as Chairman of PROTON.

Media Announcement 
PROTON Holdings Berhad

TUN DR MAHATHIR RESIGNS AS CHAIRMAN OF PROTON

SUBANG JAYA, 31 March 2016 – PROTON Holdings Berhad (“PROTON” or "the Company") announced the

resignation of Yang Amat Berbahagia Tun Dr Mahathir Mohamad as Chairman of PROTON, effective immediately.

Concurrently, Yang Amat Berbahagia Tun would also step down as Chairman of Group Lotus plc, a wholly-owned

subsidiary of PROTON.

In its statement, PROTON said, “we respect his wish to step down; we would like to register our utmost appreciation

for his valuable contribution, commitment and dedication for his role as Chairman since 2014 as well as an Advisor

since 2003. We would like to express our gratitude and recognise Tun Dr. Mahathir’s role as the creator of the

national car company.”

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