Rashdan has been “VILIFIED and MALIGNED” in the blogsphpere, said AJ

Updates @ 11:15 am on 15-6-2012: Please read an interesting article by Outsyed The Box in HERE.

Below are the TWO e-mails by En Ahmad Jauhari Yahya (AJ) Group CEO of MAS,wherein he announced the acceptance of the resignation of  his Deputy GCEO, En Mohamad Rashdan Yusof aka Danny (Rashdan), who is Tan Sri Azman Mokhtar (Amok)’s most trusted crony.  

Of course, AJ was in great pains and can’t wait to express his heartfelt appreciation of his “great” deputy Rahsdan to MAS staffs. AJ sang with full of praises of the “GREAT ACHIEVEMENTS” of his deputy. The TWO e-mails were sent within a span of two hours. AJ thought that his defend of his “great” deputy in the first e-mail wasn’t good enough. Hence, the second e-mail with a bit more punch on the bloggers. So AJ thought!

By coincidence, AJ totally left out the several more notable Rashdan’s “GREAT ACHIEVEMENTS” as follows:

• brokering the MAS-AirAsia share swap deal that was reversed by YAB PM, Datuk Seri Najib, on 2-5-2012;

• sponsoring QPR home jersey costing MAS RM10 over million when MAS was supposed to be BLEEDING;

• termination of Firefly’s profitable routes from JB to KK and Kuching;

• termination of Firefly Jet Services;

• termination of MAS profitable routes to Bandung and Surabaya;

• upgrading of his maid and baby to First Class Cabin on MH122 on 1-1-2012; and many more.

Perhaps MAS staffs could help in listing down more of his other “GREAT ACHIEVEMENTS” beside the above.

Below is AJ’s FIRST e-mail sent out at 6:22 pm on 12-6-2012.

From: YOUR VOICE ONLINE <UVOICE@malaysiaairlines.com>
Date: 12 June 2012 18:22:19 GMT+08:00

Subject: Circular from Group CEO: Resignation of Deputy Group CEO: Mohammed Rashdan Yusof

 Strictly for Internal Circulation

CIRCULAR FROM GROUP CEO

To:      All Staff system-wide

Date:  12 June 2012

Dear Colleagues

Resignation of Deputy Group CEO: Mohammed Rashdan Yusof

It is my difficult duty to inform you that today the Board of Malaysia Airlines accepted the notice of resignation of my deputy, Mohammed Rashdan Yusof (known to many of you as Danny). Having assisted in the recent Business and Funding Plan, Danny has decided that it is time for him to move on and pursue other interests.

Danny has agreed to remain in the Company and on the Board of Directors until 30 June 2012 to ensure a smooth handover and for seamless business continuity.

As many of you know, Danny was first appointed to the Board on 15 October 2010 as a Nominee Director from Khazanah Nasional Berhad (‘Khazanah’), and subsequently as an Executive Director on 9 August 2011 following the execution of the Comprehensive Collaboration Framework (‘CCF’). His initial secondment from Khazanah led to a full-time management position of Deputy Group CEO on 1 October 2011.

As Deputy GCEO, I would like to say that Danny has been instrumental in the formulation of our current Business Plan which was announced in December 2011. He has ably assisted me in the execution of key strategic levers of the Business Plan, the cessation of highly loss-making routes, as well as the low-cost carrier jet business unit. These strategic initiatives have recently shown positive results in our Q1/2012 earnings announcement, relative to the same quarter last year.

More recently, Danny spearheaded a special team by providing tremendous focus and steer to secure the Funding Plan which was announced on 22 May 2012. This Plan aims to raise RM9 billion to re-establish the Company on a fresh footing for our balance sheet to underwrite recovery efforts. This financing plan is based on three pillars which includes the issuance of up to RM2.5bil of a Perpetual Sukuk by June this year, the setting up of a funding special purpose vehicle (SPV) owned by Minister of Finance Incorporated (MoF Inc.) to raise RM5.3bil to pay for eight aircraft, and an aircraft loan facility of RM1.2bil to fund the capex for the remaining wide-body aircraft purchases in 2012.

At today’s Board meeting Chairman, Tan Sri Md Nor Yusof said, “Danny would be greatly missed by the Board and the Company. His contributions have been invaluable especially in ensuring that we remain viable in going through this tumultuous time. I regret that in past months, Danny has been most undeservedly and unfairly vilified and maligned in the blogosphere. Despite this tremendous pressure and stress, Danny has been deeply committed to the turnaround of our Company and the Board appreciates his commitment to continue to assist the Company whenever needed.”

As the Group CEO, it has been a pleasure to work with Danny. I will miss him greatly. I fondly remember the many days when we were burning the midnight oil together, executing the Business Plan initiatives, whilst having to ensure operational continuity. He was instrumental in our Business Plan, and its execution which is now showing positive operational results. He helped me to identify our new talents in the senior management team and assisted in their recruitment too.

At today’s meeting, the Board expressed serious concern over the rampant leakage of Company confidential information. I have instructed a major review of all information security protocols. We need to develop a staff culture that will ensure that the Company’s turnaround efforts are not undermined. We must realise our vision of being the preferred premium carrier and achieve sustainable profitability.

In closing, I warmly thank Danny for his leadership, contribution and friendship. I wish him and his family well in the future.

Sincerely

Ahmad Jauhari Yahya

Yours truly was not too sure what AJ meant by the “..Rampant leakages of company confidential information”.  Most probably what AJ meant was the Voyage Report of MH122 on 1-1-2012, which has put his deputy Rashdan, the Amok’s most trusted crony, in a spot. In any event, such matter was not a problem at all for AJ, hence there was no disciplinary actions taken against Rashdan.

Could it be that the Re-Accommodation Agreement that AJ signed which gave special low fares to uplift the 35,000 AAX passengers? It shouldn’t be a problem too because AJ told MPs that MAS gained revenue from uplifting of the 35,000 AAX passengers.

Could it be that the appointments of Mr Shane Nollan and PlaneConsult that cost MAS million of Ringgit?  It shouldn’t be a problem too because Mr Shane Nollan only resigned end of May 2012. Yours truly is not aware whether PlaneConsult agreement has been terminated.

Could it be that the MAS giving up of the additional Sydney route for AirAsia X? It shouldn’t be a problem too because MAS has shown positive results in its Q1/2012 earnings.

So what is the problem AJ? are you scare of your own shadow? 

It had to be the leakages through comments on blogsphere about his good deputy that has made AJ mad.

AJ also said that “Danny has been most undeservedly and unfairly vilified and maligned in the blogosphere.” From this statement, Rashdan, the Amok’s most trusted crony,  is a a victim of falsehood.  Perhaps MAS staffs can shed some light on the matter. 

By the way, subsequent to the above announcement, AJ made another similar announcement (the SECOND e-mail) below on the same date but at 20:30 ( two hours later) on the same subject matter. 

Those bold and underlined in red are the important points, which were added in AJ’s second e-mail two hours later. 

AJ as the Group CEO of MAS, is just like captain in MAS, and if he kept on blowing with uncertain tunes how does he expect his troop to move and in which direction.

Credit must be given to Nor Zalida Ahamd, head of Strategic Comm, for doing a brilliant job to beef up Rahsdan’s “credibility”, if there is any! 

Was Rasdan vilified and maligned in blogshpere? or Aj was just an emperor’s apologist!