Khazanah Nasional Bhd, which is the sole shareholder of the airline, noted that Mueller had committed to remain on the MAB board of directors as a non-executive director to see through the leadership transition and continue contributing to the MRP’s implementation.

“The implementation of the MRP is on track and on schedule over the 20-month period since its announcement in August 2014.

“Much has been achieved over this period and Mr Mueller has contributed significantly to its progress to date,” the company said in a statement this evening.

“He has also helped to lay the foundations for a sustained turnaround and in that regard, Khazanah will continue to support and drive the recovery further in the remaining 40 months of the MRP.”

Khazanah announced that it will, in consultation with the MAB Board and the government, through the Minister of Finance, be undertaking the succession planning for the new CEO of MAB.

“In accordance with the provisions of and conditions contained in the MRP, the final decision on the new CEO of MAB will be undertaken through all necessary consultation and approvals before the end of Mr Mueller’s term in September 2016.”