KUALA LUMPUR: Former Malaysia Airlines Bhd (MAB) chief executive officer Peter Bellew must pay four months’ salary to the national carrier for resigning earlier than the notice period.
Second Finance Minister Datuk Johari Abdul Ghani said Bellew failed to comply with the six-month notice period in his contract agreement with MAB; instead he gave only two months’ notice.
“The CEO contract was for three years and both parties may give a six-month notice to each other.
“In the case of the CEO, he resigned by giving less than four months’ notice. So, he has to pay us four months’ salary,” he said when winding-up the 2018 Supply Bill for the Ministry of Finance at the Dewan Rakyat on Monday.
Johari however, refused to divulge details as to how much Bellew has repay MAB.
Bellew tendered his resignation on Oct 8 to take up a position at Ireland’s Ryanair and he will be succeeded by MAB chief operating officer Capt Izham Ismail effective Dec 1, 2017. - Bernama
Second Finance Minister Datuk Johari Abdul Ghani said Bellew failed to comply with the six-month notice period in his contract agreement with MAB; instead he gave only two months’ notice.
“The CEO contract was for three years and both parties may give a six-month notice to each other.
“In the case of the CEO, he resigned by giving less than four months’ notice. So, he has to pay us four months’ salary,” he said when winding-up the 2018 Supply Bill for the Ministry of Finance at the Dewan Rakyat on Monday.
Bellew tendered his resignation on Oct 8 to take up a position at Ireland’s Ryanair and he will be succeeded by MAB chief operating officer Capt Izham Ismail effective Dec 1, 2017. - Bernama
Read more at http://www.thestar.com.my/business/business-news/2017/11/13/bellew-must-pay-four-months-salary-to-malaysia-airlines/#P1JPxkTep04Pu7lU.99
