DRB-HICOM Berhad, owner of Lotus Cars, today announced that Lotus CEO, Dany Bahar, had been suspended from his position within the company. In a statement, the company cited undisclosed “conduct” as the reason for the suspension.
In a statement, DRB-HICOM Berhad said:
“As a result of a number of media inquiries, Group Lotus plc (“Lotus”) can today confirm that, following an operational review, chief executive Dany Bahar has been temporarily suspended from his role to facilitate an investigation into a complaint about his conduct made by Lotus’ penultimate parent company, DRB-HICOM Berhad.
“In Mr Bahar’s absence, Dato’ Lukman Ibrahim, Mr Mohd Khalid Yusof and Mr Aslam Farikullah – representatives of Lotus’ parent companies – have been authorised by Group Lotus plc’s board to handle and conduct the day to day management and affairs of the Lotus Group. They will be assisted by Mr Rusman Zaihan. They have been authorised to take up these duties during the suspension period.”
DRB-HICOM Berhad were quick to state that it is business as usual at Group Lotus plc. They have refused to expand on what the conduct complaint relates to. While Bahar is temporarily out of the picture, the Malaysian company will continue reviewing the operations of Group Lotus plc.
Dany Bahar joined Group Lotus in September 2009 after leaving Ferrari. He gained plenty of critics after presenting a new Lotus car line-up at the Paris Motor Show 2010. Since, Lotus has only produced one new model, the new-generation Lotus Exige. He currently takes home a payment package of at least £1.2 million, including a £600,000 salary and bonuses.
Well I expected and predicted this over a year ago … stating so over and over again at Peterboroughs site with nobody believing me .
Ha ! Right again ! ( I’m hitting 95% on my automotive predictions over the last 12 months … )
Now lets hope dumping Bahar hasn’t come too late for Lotus’s sake .
BTW couldn’t of happened to a nicer guy . Serves the little ______ right . And not a day too soon !
Next up on my predictions Hit List ?
Emperor Marchionne and Kaiser Winterkorn .
Told you so HtG , SJH , MH ALD , GP , TP , PdL, JMcE et al
Next time listen to Guitarslinger aka TJ Martin aka gtrslngr !
If his jobs up for grabs, can you pay me 1.2 million a year to come up with some new honda style designs?