Rumours abound that there will be changes at the top management of Petronas.Tun Dr Mahathir, adviser to Petronas when asked said he has heard so but have no idea who the person is that supposedly will replace Hassan Merican as chairman of Petronas.
News from the grapevine says Syed Hamid Albar is one such possible candidate.Is there a need to make changes when the present man had proven his capabilities and Petronas is probably the best run GLC in the whole country, free of scandal, and for a company coming from a third world is highly respected internationally.
In 2007 Financial Times identified Petronas as one of the 'new seven sisters'.These are accreditation given to the most influential and mainly state-owned national oil and gas companies from countries outside the OECD.Petronas is also on the Fortune 500 list of companies.
There is nothing wrong with Petronas.Nothing is broken.Putting a full-time politician at the top would be inviting disaster.There would be many creepy crawlies waiting at his door to enchant him and tempt him.
Before you do anything silly just think of Pertamina.
How politicians and businessmen run the company into the ground with mounting debts they were unable to pay. At each stage of the transaction chain somebody was getting a cut.The Indonesian government have to bail out the company. The bail-out doubled Indonesia's foreign debt overnight.The culprit Ibnu Sutowo, probably the most corrupted man on the face of this earth at that time was never punished and his family is now one of the richest in Indonesia.
If it ain't broken, don't fix it.