PETRONAS president/group CEO optimistic of contract extension

Petronas president and group CEO Tengku Muhammad Taufik Tengku Aziz

KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) president and group chief executive officer (CEO) Tan Sri Tengku Muhammad Taufik Tengku Aziz is optimistic that his contract, which will be expiring at the end of this month, is likely to be renewed.

Tengku Muhammad Taufik said he did not receive any dissent or displeasure from the shareholders regarding his contract renewal.

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"My contract... I have had no reason to believe (that it) will not be extended, there are indications that there will be an extension.

"I do not have any reason, at this juncture, to believe that there should not be any extension,” he said at an editors briefing here on Tuesday.

Nonetheless, Tengku Muhammad Taufik said that ultimately, the decision to renew the contract is at the discretion of Prime Minister Datuk Seri Anwar Ibrahim.

In June 2020, then Prime Minister Tan Sri Muhyiddin Yassin announced the appointment of Tengku Muhammad Taufik as the national oil firm’s president and group CEO.

Effective July 1, 2020, Tengku Muhammad Taufik replaced his predecessor Tan Sri Wan Zulkiflee Wan Ariffin who had been appointed as the new Malaysian Airlines Bhd chairman. - Bernama

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