MoF appoints three-man executive team to restructure Prasarana

KUALA LUMPUR (Sept 7):  The Ministry of Finance (MoF) has appointed a three-man executive team to undertake changes in the organisational structure and turnaround the asset owner and operator of public transport systems Prasarana Malaysia Bhd (Prasarana).

In a statement today, Prasarana president and group chief executive officer, Datuk Mohamed Hazlan Mohamed Hussain welcomed the appointments of group chief operating officer (Strategy and Transformation) Ang Yoke Kee and group chief operating officer (Operations) Muhammad Nizam Alias to the company to assist him in the restructuring effort.

Mohamed Hazlan said Prasarana would focus on three key areas – increasing the ridership of public transport services; enhancing the management and delivery of quality services, and improving the management of revenue and cost.

He said that Ang, a Masters degree holder in Financial Engineering from Carnegie Mellon – National Technological University, brings with him an extensive regional investment and consulting experience with Boston Consulting Group, Softbank and McKinsey to help transform and turnaround the company.

Meanwhile, Muhammad Nizam Alias, a graduate of Monash University who is currently pursuing his PhD in Islamic Finance with INCEIF, returns to Prasarana with the responsibility to enhance operational efficiency and productivity.

Nizam previously served as a General Manager in the Prasarana Group MD’s office, after stints in the Renong Group and POS Malaysia.