Lotus fires CEO Dany Bahar

In a sudden move that came unexpectedly, Lotus Group fired CEO Dany Bahar and has now appointed Aslam Farikullah as Chief Operating Officer of the group with immediate effect. Although Lotus has confirmed the sacking of the Dany Bahar, they have not disclosed details as to why the CEO was fired. Lotus officials revealed that the matter was confidential and the company would make an official statement when deemed right.

Reports that have emerged on social media platforms reveal Dany Bahar was fired for misappropriation of company funds; however the truth is far from clear. The new CEO Aslam Farikullah is a seasoned campaigner with more than 26 years experience in the industry.

The 51 year old has a dynamic approach towards work and is known for his innovative methods in the auto industry. Analysts believe Farikullah’s vast experience will help Lotus propel forward. Here’s hoping it all works out for Lotus.

Auto News Release

LOTUS APPOINTS CHIEF OPERATING OFFICER – Confirms dismissal of Dany Bahar

Group Lotus plc (“Lotus” or the “Company”) can today confirm that, Mr Dany Bahar has been terminated from his employment as Chief Executive Officer of Lotus with immediate effect.

The decision was made by the Board of Group Lotus plc following the results of an investigation into a complaint made against him by the company’s penultimate holding company, DRB-HICOM Berhad.

The Company today also announced the appointment of Mr Aslam Farikullah as the Company’s Chief Operating Officer with immediate effect. Mr Aslam, aged 51, has over 26 years working experience, most of which was in the automotive industry. He graduated from University of Bath, England with a Bachelor of Science (Hons) in Engineering. A British permanent resident, Mr Aslam and his English wife of 27 years have three children aged 26, 22 and 16.

Dato’ Sri Haji Mohd Khamil Jamil, Group Managing Director of DRB-HICOM Berhad and also Chairman of Lotus said: “I would like to assure you that we remain committed to ensure the ongoing and future business operations of the Lotus Group as we take the Lotus Group to the next level to remain relevant in the global automotive industry. I look forward to bringing mutual benefits to not only DRB-HICOM and PROTON Holdings Berhad but also the Lotus Group and its employees as well as contribute to the growth of the British automotive industry.”