Saturday, 9 June 2012

Lotus CEO Dany Bahar fired, sacked following an investigation

Lotus has confirmed the immediate termination of Dany Bahar from his position as Lotus Group Chief Executive Officer in response to an investigation. A statement from Lotus says, “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.”

Various media sources indicate that DRB-Hicom, which owns Group Lotus, is looking to sell the company and, despite the fact that this has been denied at an official level, Bahar’s dismissal ads more fuel to this fire.

"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," Group Managing Director of DRB-HICOM, Dato' Sri Haji Mohd Khamil Jamil, said.

Bahar, a former marketing executive with Red Bull and Ferrari, joined Lotus in September 2009 as the successor to retiring CEO Mike Kimberley, a Lotus veteran. The 40-year-old Bahar, a multilingual Swiss national of Turkish descent, holds an MBA from MC Institute of Vevey/Lausanne and began his career in finance.


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