Update: 16 January 2007 - TheEdgeDaily confirms our speculation that Michael Lai would be joining Green Packet Berhad. He is now the new CEO of its global marketing arm, Green Packet International Sdn Bhd effective Jan 15. And according to Green Packet group managing director and CEO Puan Chan Cheong: “Michael’s extensive hands-on experience in the information technology and telecommunication platforms will certainly add significant value to Green Packet’s efforts in developing and expanding our operations further overseas”. Read more on TheEdgeDaily for a brief writeup on the switch and Michael’s career history.
Sure, we were late on the news of his resignation, but I hope we’ve redeemed ourselves by being one of the first to tell you where he’s going next.According to an industry insider (from a company working closely with Green Packet), after resigning as CEO of TMNet, Michael Lai will join the highly hyped Green Packet Berhad. No word yet on his position, but speculation says he might be the new CEO.
He might make quite a difference, judging by the some favourable comments from industry people. Michael is currently on holiday and not in KL. Word is he left TM Net because of unfair corporate structure - underlings were promoted, and key performance indicators for the National Broadband Plan are no longer in his hands, making his role very small.
It is also said that there will no new CEO replacing Michael Lai (there is a current acting CEO, a Malay lady named Zainab Hashim), as there is no need to - operations of TM Net will be going to the main TM Group. Products and marketing of Streamyx will go to TM Retail, and Technical & Content will go to TM Wholesale (who has been doing a shitty job as of late.) TMNet will be handling content like BlueHyppo & the music portal.
However, the industry insider goes on to say that Streamyx will improve drastically in a year - this new restructuring will bring younger people to the helm (between 30-40), to replace the traditional guys. And…it won’t be called TM Net Streamyx anymore - it will be TM Streamyx.
Green Packet Berhad is pretty well backed, with support from Energy, Water & Communications Minister Datuk Seri Dr Lim Keng Yaik. To quote Datuk Seri Dr Lim Keng Yaik: “Green Packet had proven itself to be one of Malaysia’s technology companies with an impressive track record locally and was also creating a significant impact in international telecommunication services. ” Check out this link on The Star - Landmark Green Packet Deal and this link, on Parti Gerakan Rakyat Malaysia. You can also see their corporate fact sheet on GreenPacket.com.
So, will Green Packet be able to “gerak” broadband to the “Rakyat”? They will benefit from Michael’s marketing savvy (as who else knows the weaknesses of the main monopoly ISP better?), but let’s hope their service holds up as well. Congratulations to Michael Lai, and Green Packet.
More updates as times goes by…remember nothing here is guaranteed to be accurate, and is based on speculation and insider info. Let’s hope this new round of restructuring in TM and Green Packet will bring about some much needed change to us, the broadband users.