According to SOYACINCAU - It appears that the CEO stalemate at TM is almost over. Prime Minister, Tun Mahathir, has confirmed that a CEO for the telecommunications has been appointed however, the premier is tight-lipped on the person is.

He told reporters during the Hari Raya open house at the Prime Minister’s official residence that “He (TM’s CEO) has been appointed. I don’t think, they have not announced yet, but I think he has been appointed.” Tun Mahathir didn’t reveal the person but he indicated that it isn’t Imri Mokhtar, the current acting Group CEO. Imri, who was formerly the Executive Vice President for unifi was appointed to the current role since November 2018 after the resignation of the previous acting Group CEO, Datuk Bazlan Osman. 

TM has been operating without a permanent Group CEO since Dato Sri Mohammed Shazalli Ramly resigned in June last year. It was recently reported that the Ministry of Finance recommended Imri as the permanent CEO but TM’s new Chairman Rosli Man has reportedly stonewalled the appointment. It has been said that Rosli Man’s possible pick for the top job include Burhanuddin Yusof (formerly of Axiata), Noor Kamarul Anuar Nuruddin (former CTO of Celcom), and Dr Farid Mohamad Sani (former CSO of TM and current TM director representing Khazanah Nasional Bhd’s interest).

Well - this is what was reported. 

Market rumours - says that Tan Sri Dato' Mokhzani bin Mahathir is the new CEO of TM. 

The Ex-Chairman of OPCOM - yes, ex Chairman, resigned on Monday. (read the news here).

Shares in OPCOM fell 8.5% in early trade Monday after the company announced that its executive chairman Tan Sri Mokhzani Mahathir has resigned. The  the fibre optic cable company shed 8.47%, or five sen to 54 sen with 2.25 million shares traded. Mokhzani cited “personal reasons” for his resignation. He was appointed to the group’s board ten years ago. In addition, Datuk Seri Mukhriz Mahathir, a major shareholder in Opcom, disposed of 2.57 million Opcom shares, trimming his direct stake in the company to 21.685%.

So, DID HE REALLY JUST RESIGN FOR PERSONAL REASONS?

AND FURTHERMORE, MUKHRIZ'S SALE OF HIS SHARES... will he sell more?

Opcom is a regular and preferred supplier, contractor, partner of TM. 

I reckon if Mukhriz still controls a lot of OPCOM shares, plus Mokhzani being the Chairman - the latter cannot be the new TM CEO - due to conflict of interests, bla bla bla etc.... 

But then, he has resigned now. And brother is slowly trimming his shares. 

SO, not being Chairman, plus if brother no longer majority shareholder...... I guess OPCOM wont be benefitting from this as much as previous if Mokhzani was appointed the new TM CEO. 

...which means... there is a high chance Mokhzani will be the new CEO. 

What do you think?