KUALA LUMPUR (May 18): Media Prima group managing director (MD) Datuk Iskandar Mizal Mahmood has resigned from his post, four months ahead of the end of his contract on Sept 30, 2021.

In a filing with Bursa Malaysia, Media Prima cited the need "to focus on his other commitments" as the reason for Iskandar Mizal's resignation.

"The expiry of Datuk Iskandar Mizal Mahmood's contractual tenure as group managing director of the company is Sept 30, 2021. Datuk Iskandar will commence leave from May 18, 2021 onwards," said Media Prima.

Iskandar Mizal, 54, who joined Media Prima on Oct 1, 2019 as executive director, was appointed as the group’s MD on April 1, 2020, after former group MD Datuk Kamal Khalid concluded his tenure. 

In an internal memo sighted by theedgemarkets, Media Prima told staff that the group's operations will be led by group executive director Rafiq Razali until further notice.

Separately, Globetronics Technology Bhd in its stock exchange filing yesterday, said Iskandar Mizal has also resigned from the company’s board as an independent and non-executive director, after the “completion of nine years’ service”.

Media Prima shares closed unchanged at 59.5 sen today, valuing the group a market capitalisation of RM660 million. There were 1.8 million shares traded.