Che Khalib tipped to head MMC


PETALING JAYA: Former Tenaga Nasional Bhd (TNB) chief Datuk Seri Che Khalib Mohamad Noh (pic) is tipped to head MMC Corp Bhd , taking over from group managing director Datuk Hasni Harun whose contract expires end-June.

An announcement on this could be made as early as next month.

Sources said the appointment was likely, owing to the expertise of Che Khalib in the area of utilities, specifically power and energy.

“He definitely has the expertise, having headed TNB for eight years,” noted a source.

MMC which has diversified businesses under three divisions - energy and utilities, ports and logistics, and engineering and construction - recently saw its net profit fall 70% to RM8.82mil for the first quarter ended March 31 against RM29.2mil a year ago mainly due to the lower average coal price coupled with major maintenance works at the Tanjung Bin power plant.

MMC’s energy and utilities segment’s revenue in the period stood at RM1.2bil compared with RM2bil for the corresponding period last year.

Che Khalib, 48, is currently DRB-Hicom Bhd chief operating officer (COO) of finance, strategy and planning.

Notably, both MMC and DRB-Hicom are sister companies.

When contacted by StarBiz, Che Khalib neither denied nor confirmed whether he would be joining MMC.

“I am in a big group, transfers (within the group) can happen anytime...,” he said.

During his tenure at TNB, Che Khalib turned loss-making subsidiaries at the national utility firm into profitable entities while establishing new businesses.

He was part of the key new management brought into DRB-Hicom last July. A few months later, DRB-Hicom brought in Datuk Mohamed Razeek Md Hussain Maricar, the former Malaysian Resources Corp Bhd chief executive officer to be DRB-Hicom COO of services and property.

Among his earlier ventures, Che Khalib, a qualified accountant, was managing director of Mark Unggul Sdn Bhd, the consortium company responsible for running the national railway company KTM Bhd. He was also chief operating officer of Renong Overseas Corp from January 1996 to July 1997.

tnb , che khalib , mmc