Penang Deputy CM Jagdeep Singh Deo Steps Down from Key Water Company Role Following Health Issues

GEORGE TOWN, January 1 — In a significant development for Penang's governance, Deputy Chief Minister II Jagdeep Singh Deo has officially stepped down as a non-executive director of PBA Holdings Bhd (PBAHB), the parent company overseeing the state’s water treatment and supply services. This change is effective as of December 31, 2024.

The decision was announced through a formal filing with Bursa Malaysia, highlighting compliance with the Main Market Listing Requirements, specifically Paragraph 15.05(3)(c), which stipulates that a director's position becomes vacant if they fail to attend over 50% of board meetings within a financial year.

Reports suggest that Jagdeep's absence was primarily due to a recent ankle surgery, which limited his ability to participate in board meetings. A source familiar with the situation mentioned, “This situation is purely procedural as dictated by Bursa's regulations. The chairman retains the authority to reappoint Jagdeep if deemed appropriate.”

PBAHB's chairman, Chief Minister Chow Kon Yeow, has yet to make a public announcement regarding any potential reappointment of Jagdeep. Importantly, company filings confirmed that there were no conflicts or unresolved issues between Jagdeep and the board that necessitated shareholder intervention.

This incident raises larger questions about governance practices within state-owned enterprises, particularly in light of the ongoing challenges faced by public service officials balancing health, duties, and accountability. With growing scrutiny on leadership roles in essential services, Jagdeep's situation has sparked discussions on how such issues might affect operational efficiency and continuity in government-linked companies.

As the Penang government navigates through these changes, many are left wondering who will fill the gap left by Jagdeep and whether this will affect future water management policies in the state. Stay tuned for further updates on this developing story.