PETALING JAYA: Tengku Datuk Dr Mohd Azzman Shariffadeen, who was supposed to leave Mimos Bhd the organisation he founded 20 years ago by the end of this month, has agreed to stay on.
At a board meeting convened yesterday, Mimos asked Dr Mohd Azzman to remain as president and chief executive, the company said in a press statement.
This decision arose from our discussion on the need for continuity in leadership at Mimos, in order to complete the ongoing reorganisation, chairman Datuk Dr Mohd Ariff Araff said.
This entails Mimos reorganising itself as a research and development entity, while separating our business activities with a view to realising value.
We are pleased that Azzman, who had planned to step down on Oct 31, has agreed to stay on for another year to undertake this task, Dr Mohd Ariff added.
The reasons for Dr Mohd Azzmans about-turn are not known. He could not be contacted for comments at press time.
In a statement earlier this month announcing his resignation, Dr Mohd Azzman said that Mimos had received a final recommendation from a merchant bank to execute the separation of its R&D and business units.
They include Jaring, the countrys first Internet service provider; Mimos Semiconductor Sdn Bhd, which operates the countrys first wafer fabrication facility; and PC manufacturer Mimos Smart Computing.
The 57-year-old British-trained electrical engineer founded Mimos in 1985 as a unit in the Prime Ministers Department.