The conglomerate said Syed Faisal, 50 years old, was an accountant by profession and he would bring with him extensive corporate experience in various industries.
He was formerly the CEO of Malakoff Corp Bhd. He joined Malakoff in July last year after a half-year stint as CEO of Gas Malaysia Bhd. Syed Faisal was the former executive director of Konsortium Logistik Bhd (KLB) and group managing director of Pos Malaysia Bhd.
Syed Faisal’s 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.
Khamil is due for retirement on Jan 20, 2016, upon reaching the retirement age of 60 years. He will relinquish the position of the group managing director of the company on March 1, 2016 in order to allow time for the handover to the new group CEO.
Upon the retirement of Khamil on March 1, Syed Faisal will assume overall management responsibility and control of the DRB-Hicom group.
Khamil joined DRB-Hicom as the deputy group chairman on July 19, 2005 and assumed full executive function/duty effective Aug 16, 2005. He was appointed the group managing director of DRB-Hicom on March 1, 2006.