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Thursday 7th June 2012

Dany Bahar: terminated

It's official - the Bahar era is over as Lotus appoints a new CEO


"I need your clothes, your boots and your position as CEO of Lotus..."
"I need your clothes, your boots and your position as CEO of Lotus..."
In a businesslike statement released just moments ago Lotus has confirmed that Dany Bahar has been "terminated from his employment as Chief Executive Officer of Lotus with immediate effect."

Bahar is out of the door - officially!
Bahar is out of the door - officially!
This follows news of his suspension 10 days ago after Proton owners DRB-Hicom started "an investigation into a complaint about his conduct." The details remain officially under wraps, and while rumours have been widely circulated the PR agency brought in to manage the crisis says there will be no further comment on the matter for now.

Bahar's replacement - with immediate effect - will be Aslam Farikullah, an engineering graduate from the University of Bath with over 25 years experience much of it apparently within the automotive sector.

DRB-Hicom's Group Managing Director Dato' Sri Haji Mohd Khamil Jamil has confirmed the commitment to Lotus's future and "take the Lotus Group to the next level to remain relevant in the global automotive industry."


The full statement can be seen here in full:

LOTUS APPOINTS CHIEF OPERATING OFFICER
Confirms dismissal of Dany Bahar

Norfolk, 7 June 2012 - 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."

 

Dan Trent
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Author Discussion

Hellbound

Original Poster:

2,231 posts

60 months

[news] 
Thursday 7th June 2012 quote quote all
Bwahahahaa......


erm...I mean... RIP Bahar.


Onwards and upwards! smile

Ex Boy Racer

536 posts

76 months

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Thursday 7th June 2012 quote quote all
well, not the end to the Bahar era that I was expecting. Lotus never let you down, do they?

V8 FOU

1,267 posts

31 months

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Thursday 7th June 2012 quote quote all
An engineer as CEO? Whatever next?!!!

This has to be the best news for Lotus for a while....

tommy vercetti

7,700 posts

47 months

[news] 
Thursday 7th June 2012 quote quote all
I am a fan of Lotus, but I don't really follow them that much, but when did it all go wrong for Danny Bahar, and what did he do?

phib

2,677 posts

143 months

[news] 
Thursday 7th June 2012 quote quote all
Do you think they are pushing the fact the new guy is English enough ???

Phib
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kambites

39,684 posts

105 months

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Thursday 7th June 2012 quote quote all
It's all a bit odd isn't it? Are there any credible rumours around as to what he's meant to have done? Surely if it was simply that they didn't like the direction he was taking the company in, there would have been more... elegant ways to go about the whole thing than this?

groomi

8,833 posts

127 months

[news] 
Thursday 7th June 2012 quote quote all
There was a hoohaa about some house he was renting and using Lotus money to renovate. Not sure if that's serious enough to be an issue though - what's a few hundred grand when you've put 500million on red...

davepoth

22,940 posts

83 months

[news] 
Thursday 7th June 2012 quote quote all
kambites said:
It's all a bit odd isn't it? Are there any credible rumours around as to what he's meant to have done? Surely if it was simply that they didn't like the direction he was taking the company in, there would have been more... elegant ways to go about the whole thing than this?
There are, but he didn't want any of them, it would seem. CEOs usually get offered a golden parachute even if their performance is terrible. He must have tried to stick it out.

TroubledSoul

2,067 posts

78 months

[news] 
Thursday 7th June 2012 quote quote all
I thought I'd read somewhere that it was something to do with his expenses claims....

Breadvan72

17,675 posts

47 months

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Thursday 7th June 2012 quote quote all
I do not know much about the travails of modern Lotus, as all my Lotuses are old knackers, but I deplore the awful mangllng of the language in the announcement! "terminated from his employment" Yuk!

V8 FOU

1,267 posts

31 months

[news] 
Thursday 7th June 2012 quote quote all
I think the brown smelly stuff will hit the (carbon fibre) fan soon as all is revealed. SFO investigation anyone?

JonRB

42,553 posts

156 months

[news] 
Thursday 7th June 2012 quote quote all
V8 FOU said:
I think the brown smelly stuff will hit the (carbon fibre) fan soon as all is revealed. SFO investigation anyone?
Wouldn't be the first time Lotus had been involved in some seriously dodgy shiat. Colin Chapman was no saint.

Hellbound

Original Poster:

2,231 posts

60 months

[news] 
Thursday 7th June 2012 quote quote all
phib said:
Do you think they are pushing the fact the new guy is English enough ???

Phib
I was thinking that too, and it's quite sad that they felt they needed to appease the vast number of idiots who place importance on such things. His wife is English too you know, calm down people!!

Good luck to him I say, would be nice to see him come onto PH, if he isn't here already! =)

Mastodon2

8,775 posts

49 months

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Thursday 7th June 2012 quote quote all
Interesting, what will become of this "5 car world beating line up" thing they've been going on about for a while now?

JS100

221 posts

41 months

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Thursday 7th June 2012 quote quote all
Thank god for that!

rix

1,491 posts

74 months

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Thursday 7th June 2012 quote quote all
I'm not too fussed what went on under Bahar, Hopefully this is the shot in the arm Lotus needs. Clean slate, onwards and upwards and all the other positive clichés!

tommy vercetti

7,700 posts

47 months

[news] 
Thursday 7th June 2012 quote quote all
Mastodon2 said:
Interesting, what will become of this "5 car world beating line up" thing they've been going on about for a while now?
Was wondering about that too.

jeremyc

11,786 posts

168 months

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Thursday 7th June 2012 quote quote all
Mmmm. Read the release carefully: they haven't appointed a new CEO but rather a COO.

Who are they putting in to lead the executive team I wonder. scratchchin

JonRB

42,553 posts

156 months

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Thursday 7th June 2012 quote quote all
Well, Aslam could be just the Lion that Lotus needs

(Please forgive me)

Baryonyx

9,411 posts

43 months

[news] 
Thursday 7th June 2012 quote quote all
Well, the past few years have hardly been glittering for Lotus, have they?
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