KUALA LUMPUR – Maxis Bhd has appointed Tan Sri Mokhzani Mahathir as its new chairman to replace Tan Sri Raja Arshad Raja Tun Uda upon the latter’s decision to step down, effective April 22, 2021.
Arshad had served as Maxis’ chairman since its listing on Bursa Malaysia in 2009, the company said in a media release.
Mokhzani is currently senior independent director of Maxis’ Board.
Meanwhile, Arshad will continue to serve as an independent non-executive director of Maxis.
“It has been a privilege and honour to serve as Maxis’ chairman for 11 years, to work alongside my fellow board members in guiding the company in its incredible transformation from a leading mobile player to the leading converged solutions provider in the country.
“I am proud of what we have achieved and how we have continued to serve our valuable customers and stakeholders in a rapidly evolving digital environment. My deepest appreciation goes to the board, management and employees of Maxis from whom I have received tremendous support which I will forever cherish,” he said.
He said it was time for him to pass on the role of chairman to a younger member of the board.
“And I congratulate Tan Sri Mokhzani for his appointment. He is a highly experienced corporate leader and entrepreneur who is well-versed with the telecommunication industry, having been on the board for some years and on several Board Committees.
“I am confident with the continued support and commitment from everyone at Maxis, the company will grow from strength to strength under his leadership,” added Arshad.
Mokhzani currently chairs Maxis’ audit and risk committee and is a member of the nomination and remuneration committees as well as the government and regulatory affairs committee.
He will relinquish his roles as senior independent director and chairman of the audit and risk committee immediately after Maxis’ annual general meeting on April 22, 2021.
Approximately 62% of the interest in Maxis Bhd is indirectly held by Binariang GSM Sdn Bhd, in which Saudi Telecom Company has a 25% interest, with the remaining 75% owned by Harapan Nusantara Sdn Bhd, Usaha Tegas Sdn Bhd, and affiliates. – Bernama, March 22, 2021
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