KUALA LUMPUR: The finance ministry has appointed Mohamed Hazlan Mohamed Hussain as the new president and CEO of Prasarana Malaysia Bhd, effective today.
He takes over from Masnizam Hisham who ended her tenure on Sept 2.
In a statement today, Finance Minister Lim Guan Eng said Mohamed Hazlan graduated with a bachelor’s degree in civil engineering from the Imperial College of Science and Technology, London in 1988, and had wide experience in areas such as public transportation and oil and gas.
He previously served in various capacities such as group director of DRB-Hicom, chief operations officer of RapidKL, strategic unit chief operations officer of Pos Malaysia Bhd and general manager of operations at Plus Expressways.
“He will be responsible for identifying a new direction for Prasarana to improve the company’s operations in the public transportation sector.
“He will also play a major role in restructuring the company, together with the finance ministry and the transport ministry to implement a more efficient and sustainable financing level,” Lim said.
In 2017, the Prasarana group recorded RM846 million in revenue but suffered an after-tax loss of RM2.4 billion.