Kuala Lumpur: The president and CEO of Malaysia’s AET, Hor Weng Yew, is stepping down on July 1 to pursue other opportunities.
Captain Rajalingam Subramaniam, vice president of fleet management services at parent company MISC will be overseeing AET until a permanent president and CEO is appointed.
Rajalingam has extensive experience in AET, having served as a member of the AET senior management team from 2005. He moved to MISC in 2008 and has served as a MISC management committee member since then.
The company said in a release that AET is now “well-positioned strategically for the market upturn”.
“AET will remain a core part of MISC’s ongoing business,” said in the release, once again rebutting rumours of a sell-off.
