PETALING JAYA: Selangor State Development Corp (PKNS) general manager Datuk Othman Omar (pic) will not be renewing his contract when it ends on Jan 31.
Othman, 54, was appointed general manager in 2009. He changed the direction of the corporation by taking the balanced approach of providing social housing with profit-making ventures, which involved building high-end housing. PKNS was set up in 1964 to provide social housing.
The transformation and rebranding was a success with PKNS making a profit of RM420mil in 2011, its highest, and PKNS being named Top 10 Developer at BCI (British Construction Industry) Asia Awards for three years running from 2011 to 2013.
Othman has about 30 years of experience in the construction and property industry in Malaysia, Australia and Britain. He said he would like to spend time with his family before taking up new options.
Kumpulan Darul Ehsan Bhd chief financial officer Azlan Alifiah will be acting general manager.