Malaysian national shipping company MISC has announced that the group’s chairman Tan Sri Noh Omar has resigned, less than three weeks after taking the role, felled by cronyism accusations.
Noh, a former minister in Malaysia, was appointed as chairman of MISC on July 1 replacing Datuk Ab Hohyiddin who has remained as an independent director of the company.
MISC said that Noh made the decision to tender his resignation upon discussion with the prime minister of Malaysia. According to local reports his appointment caused a public outcry as it followed a string of other political appointments to high positions in government-linked companies.
MISC, controlled by national energy group Petronas, currently operates a fleet of 47 vessels.