Lotus CEO Dany Bahar has tonight (June 7) been ousted from his position as boss of Group Lotus. The announcement comes days after his suspension from the company pending an official investigation into his conduct by new Malaysian owners DRB-Hicom.
In an official statement Lotus confirmed that Bahar has been "terminated from his employment as Chief Executive Officer of Lotus with immediate effect."
Bahar's replacement will be Aslam Farikullah, a University of Bath engineering graduate with over 26 years' experience "most of which was in the automotive industry."
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 on-going 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."