Friday, June 01, 2007

MAS revamps CFO’s office

Malaysia Airlines announced yesterday the reorganisation of the office of executive director and chief financial officer under the leadership of Tengku Datuk Azmil Zahruddin to enhance the airline's efficiency in implementing its business turnaround plan (BTP).

The finance division would oversee, from today, the operations of the treasury and investment, group reporting control and budget, standards and procedures and finance support services departments.

These departments will report to a senior general manager who will be appointed to head this finance division. Previously, these departments reported directly to Azmil.

The senior general manager of the finance division, in the revamped structure, will report to Azmil.

Four other finance departments, comprising strategic procurement, property, aircraft trading and corporate services, will continue to report directly to Azmil.

In line with the airline's BTP, the central procurement department will be reorganised into a strategic procurement function. This will allow the business to be more closely aligned with the BTP objectives, and to the Red Book on best practice procurement processes and procedures issued by Khazanah Nasional Bhd.

Source : STAR
[tags : ]

No comments:




Related Posts with Thumbnails