Kalinoe is Cool With Restructuring - Printable Version

Kalinoe is Cool With Restructuring - Printable Version

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Kalinoe is Cool With Restructuring - Tree - 04-09-2013

Heck, it was probably Kalinoe's idea!!

**********

Kalinoe backs govt’s decision

Source:

The National, Tuesday 09th April, 2013

OUTGOING managing director and chief executive officer of Petromin, Joshua Kalinoe, supports the government’s decision to rationalise the state’s mining and petroleum assets.
Kalinoe, who has been the founding MD, recently resigned from Petromin due to personal reasons.
Kalinoe said his resignation was not related to the government’s decision to restructure Petromin as a result of the rationalisation exercise.
“I want to put on record and correct any media speculation that my resignation is related to the restructure,” he said.
“To the contrary, I resigned on personal grounds.
“I, in fact, wholeheartedly support the decision of the government.
“I believe it is in the best interest of the nation and I urge the staff and board of Petromin to positively support the decision and work with the government to implement it.”
Kalinoe urged the board and management of Petromin to accept the decision as a transformation of the company from its current position to the next level.
He said that in any commercial settings, acquisition, mergers and restructuring of organisations were common commercial practices.
Kalinoe urged staff and management of Petromin to work with the relevant state agencies to fully implement the decision.
Kalinoe has every confidence in the acting MD, Arun Basu, to manage the company in the transitional period and urged management and staff of Petromin to support him in implementing the government’s decision.

RE: Kalinoe is Cool With Restructuring - Palm - 04-09-2013

No choice to be cool with it. Time to find a new term for being canned for non-performance. Personal reasons overused.

RE: Kalinoe is Cool With Restructuring - cybersssss - 04-09-2013

You can back the decision to get rid of your corrupt, incompetent, useless person or you can go to jail.

Hmmmmm...what to do? what to do?

I guess Kalinoe gets to not go to jail and PNG saves face.

RE: Kalinoe is Cool With Restructuring - Tree - 04-09-2013

'Palm' pid='20349' datel Wrote:No choice to be cool with it. Time to find a new term for being canned for non-performance. Personal reasons overused.

How about Kalinoed?

RE: Kalinoe is Cool With Restructuring - admin - 04-10-2013

'cybersssss' pid='20350' datel Wrote:You can back the decision to get rid of your corrupt, incompetent, useless person or you can go to jail. Hmmmmm...what to do? what to do? I guess Kalinoe gets to not go to jail and PNG saves face.

Language, pls. Rumor has it there is a rogue pink admin running around here and he's a sensitive soul, while not always consistent, he's easily upset with that kind of language. He might even turn wild and wreck certain essential settings as a result, we wouldn't want that to happen, would we?

Let's all show some restraint before SHU turns into a shouting match.

RE: Kalinoe is Cool With Restructuring - Palm - 04-11-2013

Kalinoe may have been cool with the restructuring, but he certainly thinks "the leading role" he was offered probably was a demotion. Probably was "leading" the morning exercises then going to the bakery and getting the "roles". Hohoho Arun Basu (gotta love his first name) was asked to stay on and be the acting MD. This probably was done first, then Kalinoe saw the writing on the wall.

Support the decision: Kalinoe

Wednesday, 10 April 2013

JOSHUA Kalinoe, who recently resigned as managing director and chief executive officer of Petromin, has reportedly supported the decision to disband the state-owned enterprise (yeah right), while Goilala parliamentarian Daniel Mona is concerned about impacts to the Tolukuma gold mine.

Aerial view of the Tolukuma Gold Mine in PNG

Kalinoe told The National he resigned for personal reasons (which were reportedly having his hand in the cookie jar) and the decision was not related to the government’s plans to transfer Petromin’s assets to new SOEs Kumul Petroleum Holding Limited and Kumul Mining Holding Limited.

“I believe it is in the best interest of the nation and I urge the staff and board of Petromin to positively support the decision and work with the government to implement it,” Kalinoe reportedly said.

An industry source confirmed to PNGIndustryNews.net that Kalinoe was offered a leading role with either the Kumul mining or petroleum company but left anyway (He was last seen riding his bike, which sported a Shell pennant, off of a cliff near the Elk-Antelope field. He used the remnants of a fake-flare propane tank to propel him in a firey launch in an attempt to fly to Russia)

Financial professional Arun Basu was internally promoted to become Petromin’s acting MD to run it during the transitional period.

Meanwhile, Mona reportedly supports the plan to disband Petromin but told EMTV there were a lot of outstanding issues to address before its Tolukuma gold mine could be transferred into KMHL.

These reportedly include memorandum of understanding arrangements and “liabilities owed to the villages downstream of the Angabanga River”.

Mona abandoned the Opposition ranks of the PNG Party last month to join the coalition government led by Prime Minister Peter O’Neill.

http://www.pngindustrynews.net/storyview.asp?storyid=798351033&sectionsource=s0