Yesterday, it has been reported that U Mobile’s CEO Jaffa Sany Ariffin resigned from the 3G mobile operator over differences with major shareholder Tan Sri Vincent Tan. However, in an official statement released to MalaysianWireless today, Jaffa appears to have been fired, due to “disciplinary action”.
Unfortunately, U Mobile did not go in to details on what caused the “disciplinary action”.
While U Mobile looks for a new CEO, its current Chief Operating Officer, Wong Heang Tuck will assume the role as Acting Chief Executive Officer until further notice.
The full statement from U Mobile below.
U Mobile Sdn Bhd today announced that En. Jaffa Sany Bin Md Ariffin has been terminated as the Chief Executive Officer and ceased to be an employee of U Mobile Sdn Bhd on 31 August 2013 due to disciplinary action. Accordingly, he is not authorised to act for and on behalf of the Company in respect of any matter with immediate effect. He was appointed as Chief Executive Officer of U Mobile on 1 June 2012.
Mr. Wong Heang Tuck, the current Chief Operating Officer of U Mobile, will assume the role as Acting Chief Executive Officer until further notice.
U Mobile is 49% owned by Straits Mobile Investments Pte Ltd, a unit of ST Telemedia, with the balance of shareholding held by U Telemedia Sdn Bhd (37%), Magnum Berhad (6.3%), Glorious Reflection Sdn Bhd (5.3%) and Tan Sri Dato’ Seri Vincent Tan (2.4%).
The continuous momentum of growth in U Mobile is largely due to the bold business and marketing strategies adopted by the Company. U Mobile’s strong achievement is a testament to the alignment of interests and commitment from all the stakeholders involved including shareholders, management and employees.
U Mobile subscribes to the highest standards of corporate governance. The Board of Directors of U Mobile is supported by its three sub committees – Executive, Audit and Remuneration to fulfill the mission and objectives of the Company.