Prasarana Denies CEO Masnizam Has Resigned

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Prasarana Malaysia Bhd has refuted reports that the tenure of its president and Group Chief Executive Officer Masnizam Hisham is expected to be shortened or she has tendered her resignation.

Mohd Yusni Ariffin/NST

In a statement yesterday, Prasarana said it has full confidence in Masnizam and her leadership in running the state-owned transportation company and the various initiatives that she has undertaken since taking office on Jan 18, 2018.

“Always passionate in her work, Masnizam immediately commenced a host of innovative measures in line with her cost-cutting and revenue-generating programmes under a fresh initiative named ‘Inventing Prasarana 2.0’,” it said.

Prasarana said since joining the company first as the head of its Legal Department in 2004 and later promoted on merit as head of Group Procurement and other departments, Masnizam had displayed excellence in service with undisputed integrity, professionalism and passion in her work.

“The board also expressed regret for the reports by the media, which we felt was mischievous and uncalled for, especially (that) the authoritative source was not disclosed.

“The senior management of Prasarana had on Friday last week submitted to the board a detailed historical report on the Light Rail Transit Line 3 project, which was then sent to the Minister of Finance to provide a full perspective on the project,” it added.

Yesterday, a financial daily reported that Masnizam’s tenure may see her three-year tenure cut short amid criticism from lawmakers that it had caused the cost of the LRT3 project to spiral.

It was also reported Prasarana said that after Masnizam took up her current position, the board of directors had directed her to the group’s chief integrity officer – a seconded officer from the Malaysian Anti-Corruption Commission (MACC) – to investigate any anomaly in the procurement process for the project.

Meanwhile, former Inspector-General of Police Tan Sri Khalid Abu Bakar confirmed that he had resigned from his chairman post.

“Yes, I have resigned. I tendered my resignation and gave one month’s notice on July 17,” he said.

Earlier reports:

Jul 26, EX-IGP Quits as Prasarana Group Chairman

Jul 26, Likely Early Departure of Prasarana Chief over LRT3 Additional Funding