The Finance Ministry has appointed Mohamed Hazlan Mohamed Hussain as the new president and chief executive officer of Prasarana Malaysia Bhd, effective today.

He takes over from Masnizam Hisham who ended her tenure yesterday.

In a statement released today, Finance Minister Lim Guan Eng said Mohamed Hazlan graduated with a Bachelor’s degree in civil engineering from the Imperial College of Science and Technology, London, in 1988, and has a wide experience in areas such as public transportation and oil and gas.

He had served in various capacities including DRB-Hicom group director, RapidKL chief operations officer, Pos Malaysia Bhd strategic unit chief operations officer and Plus Expressways general manager of operations.

"He will be responsible for identifying a new direction for Prasarana to improve the company’s operations in the public transportation sector.

"At the same time, Mohamed Hazlan will also play a major role in restructuring the company, together with the Finance Ministry and the Transport Ministry to implement a more efficient and sustainable financing level,” said Lim.

In 2017, the Prasarana group recorded RM846 million in revenue but suffered an after-tax loss of RM2.4 billion.

- Bernama