PETALING JAYA: Datuk Seri Syed Faisal Albar is taking over as group chief executive officer (CEO) of DRB-HICOM Bhd, effective January 4, 2016, succeeding Tan Sri Mohd Khamil Jamil, who will be retiring next year.
Khamil is due for retirement on January 20 next year upon reaching the retirement age of 60 years. He will remain as group managing director until March 1 next year “to allow time for the handover” to Syed Faisal.
Upon Khamil's retirement on March 1, Syed Faisal will assume overall management responsibility and control of the DRB-HICOM Group.
Syed Faisal, 50, is an accountant by profession and he brings with him extensive corporate experience in various industries, DRB-HICOM said in a statement.
He was formerly the CEO at Malakoff Corp Bhd, Gas Malaysia Bhd and New Straits Times Press (Malaysia) Bhd.
He was also former executive director at Konsortium Logistik Bhd and group MD at Pos Malaysia Bhd.
"His career spans across various executive positions and his personal qualities, wealth of experience and proven leadership track record in growing revenue and profit, conceiving and executing strategic plans are of great asset to the group," it added.
Khamil joined DRB-HICOM as deputy group chairman on July 19, 2005 and assumed full executive function/duty effective August 16, 2005.