Business

MRT Corp CEO conundrum: will he stay or will he go?

There are talks of company not renewing contract due to ex-PM preview gaffe

Updated 3 years ago · Published on 01 Jul 2022 7:00AM

MRT Corp CEO conundrum: will he stay or will he go?
The current MRT Corporation Sdn Bhd CEO Datuk Mohd Zarif Hashim’s position has become a matter of speculation with his two-year contract expiring on July 14. – Bernama pic, July 1, 2022

by The Vibes Team

KUALA LUMPUR – Could MRT Corporation Sdn Bhd be welcoming a new chief executive officer? 

Current CEO Datuk Mohd Zarif Hashim’s position has become a matter of speculation with his two-year contract expiring on July 14. 

There has not been any announcement to date on whether his tenure will be extended. 

Questions over his future follow the controversy of giving former prime minister Datuk Seri Najib Razak a preview of the Putrajaya Line, a day before Prime Minister Datuk Seri Ismail Sabri Yaakob launched the service

There are talks that the Finance Ministry, which oversees MRT Corp, was the one that sanctioned the move not to renew Zarif’s contract, although an aide to minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz said the ministry will not be drawn to speculations. 

The Prime Minister’s Office, it is learnt, has no knowledge of plans to replace him. 

“The prime minister does not get involved in these appointments and leaves them to the discretion and wisdom of the Finance Ministry,” said a high-placed source.

MRT Corp board members and some in the corridors of power in Putrajaya are also believed to be in favour of keeping Zarif to ensure continuity and the smooth implementation of existing rail projects. 

MRT Corp board members and some in the corridors of power in Putrajaya are believed to be in favour of keeping Datuk Mohd Zarif Hashim to ensure continuity and the smooth implementation of existing rail projects. – AFP pic, July 1, 2022
MRT Corp board members and some in the corridors of power in Putrajaya are believed to be in favour of keeping Datuk Mohd Zarif Hashim to ensure continuity and the smooth implementation of existing rail projects. – AFP pic, July 1, 2022

Speaking to The Vibes, Zarif said he is unaware of the speculations revolving around his tenure and is not in a capacity to comment pertaining to his position. 

Any decision or announcement, according to him, will be the sole prerogative of the MRT Corp board of directors. 

“I cannot speak on behalf of myself, the statement has to come from the board,” he said, adding that he is not privy to discussions over his contract, as they are held in his absence. 

Whether I receive an extension or not, I’m not the party to announce. Even if I do receive it, I cannot divulge this information. It has to be from the board. But, InsyaAllah, everything will be okay.

According to another insider, MRT Corp will hold a special board meeting by July 14 to decide on Zarif’s fate.

However, the board will be meeting without a chairman as Datuk Azhar Abdul Hamid resigned in early March.

The Finance Ministry has yet to issue a statement whether Azhar’s resignation has been accepted or to appoint a replacement.

Some parties using Najib’s MRT preview gaffe to remove Zarif

A source, who spoke on condition of anonymity, said the consideration not to extend Zarif’s stay in the company had taken into account multiple factors, including supposed issues of management. 

He is also believed to have had a testy relationship with certain quarters in the Finance Ministry. 

However, the source claimed that certain parties are understood to be using the recent blunder involving Najib’s exclusive preview of the MRT Putrajaya line as a conduit to push Zarif out. 

Najib, who is facing a slew of graft charges related to 1Malaysia Development Bhd, was given a sneak preview of the first phase of the new line on June 15, a day before its official opening by Ismail Sabri.  

Datuk Seri Najib Razak, along with his family, was given a sneak preview, of the first phase of the new MRT Putrajaya line on June 15, sources say. – Najib Razak Facebook pic, July 1, 2022
Datuk Seri Najib Razak, along with his family, was given a sneak preview, of the first phase of the new MRT Putrajaya line on June 15, sources say. – Najib Razak Facebook pic, July 1, 2022

He had shared multiple images and a video of his exclusive ride on his Facebook account, drawing flak from the public, who poured scorn on both the former prime minister as well as MRT Corp for granting a convicted individual early access. 

Responding to the criticism, Zarif had told reporters on June 16 that the Pekan MP was given a sneak preview after the latter made a request through microblogging site Twitter. 

As you know, he actually tweeted that he loved to be on the train. We replied to the tweet.

Zarif was appointed MRT Corp CEO on July 15, 2020 after the tenure of his predecessor Abdul Yazid Kassim ended on June 30 the same year. 

He was previously with Sapura Group of companies, joining the firm in 2007 and serving as, among others, its chief operating officer. 

The MRT project has been considered Najib’s brainchild, which he first proposed in June 2010 during the tabling of the 10th Malaysia Plan. 

He had previously launched the groundbreaking ceremony of the Putrajaya line in September 2016 while he was still prime minister, and had similarly been given a sneak preview for phase two of the Sg Buloh-Kajang line in July the following year. 

Najib has been sentenced to 12 years in jail and slapped a hefty RM210 million fine for his involvement in graft-related activities linked to SRC International Sdn Bhd, and is currently appealing his case at the federal court. – The Vibes, July 1, 2022

Related News

Malaysia / 1mth

MACC nabs statutory body CEO suspected of accepting bribes to build squash court

Malaysia / 1mth

Rosmah: ‘There was no obligation for me to buy any of the jewellery’

Malaysia / 3mth

EPF dividends cannot be fully channeled to Flexible account - CEO

Business / 3mth

EPF announcement on dividend rates expected on Saturday (Feb 28)

Malaysia / 7mth

Petronas group CEO apologises for Singapore GP champagne issue

Malaysia / 1y

IDEAS: Appointments to public bodies must not be normalised as political rewards

Spotlight

Malaysia

Former head of a ministry's corporate communications unit acquitted of bribery charge

Malaysia

Two sisters die trapped in Johor house fire as escape routes cut off by flames

Malaysia

NS election speculation intensifies as Aminuddin granted audience with state ruler

Malaysia

Teenager who drove recklessly, causing death remanded for further investigation

Malaysia

Police looking for trio involved in violent armed robbery in Penang (video)

Malaysia

Family of five killed as car crashes into water pipe in Serian

Malaysia

'I was once spat on by a pakcik' — Marina denies fear of contesting Malay-majority seats

Malaysia

Jewellery shop among six premises destroyed in fire (video)

You may be interested

Business

Ringgit eases against US dollar as strong American data and Gulf tensions boost greenback

Business

Time for banks to step up and do their part, stresses former finance minister

By Ian McIntyre

Business

SpaceX targets historic US$75 billion IPO in record-breaking market debut plan

Business

Ringgit gains as US trade policy concerns offset strong American economic data

Business

Private capital set to power AI data centre boom as global tech capex forecast raised to US$5.3 trillion