PETALING JAYA: The International Trade and Industry Ministry (Miti) has outlined the responsibilities of the task force to ensure Proton’s transformation plan is successful.
The task force, led by Performance Management and Delivery Unit (Pemandu) CEO Datuk Seri Idris Jala, will be responsible in monitoring the implementation of Proton's business recovery plan which aims to make the company more competitive, said its Minister Datuk Seri Mustapa Mohamed in a statement today.
It will also monitor a strategic plan to increase domestic market shares, and to penetrate into international markets.
"The task force will also identify strategic partners from abroad in the near future to assist Proton in achieving its goal of improving competitiveness.
"However, the task force will not be involved in Proton's day-to-day operations as that will be the full responsibility of Proton's management and board of directors," he said.
Mustapa, along with Minister in the Prime Minister's Department Datuk Seri Abdul Wahid Omar and Idris, held a meeting between the top management of DRB-Hicom and Proton concerning the actions, which would be taken in light of the Cabinet's decision.
The task force comprises six people, three each from the private and public sectors.
Task force members from the public sector are: Miti deputy secretary-general (industry) Datuk Nik Rahmat Nik Taib, Finance Ministry strategic investment division secretary Dr Yusof Ismail and Economic Planning Unit (EPU) deputy director-General (Macro) Datuk Yogeesvaran Kumaraguru.
Members from the private sector consist of: Symphony House Bhd executive chairman and Group chief executive officer (CEO) Tan Sri Azman Yahya, Celcom-Axiata Berhad chief executive director Datuk Sri Shazalli Ramly and Maybank Community Financial Services head Datuk Dato’ Hamirullah Borhan.
On April 8, the Cabinet approved Proton's request for a soft loan of RM1.5bil. The purpose of the loan was to enable Proton to make payments to vendors that supply components to it.
The loan comes with several conditions attached to ensure the national carmaker is competitive, even at an international level.
