Axiata Group chairman Tan Sri Datuk Wira Azman Hj. Mokhtar has stepped down after 10 years of service. This is along with his role as non-independent non-executive director and representative of Khazanah Nasional.
A statement added that Tan Sri Azman was the “visionary leader behind Axiata’s growth and expansion” since its inception in 2008. This includes increasing Axiata’s customer base from 40 million to around 350 million, with presence in 11 countries. In the same period, the company’s revenue more than doubled to reach RM24 billion.
Tan Sri Ghazzali Sheikh Abdul Khalid, senior independent non-executive director of Axiata said that Tan Sri Azman’s vision, business acumen and professionalism had led Axiata to become a regional champion and an institution with a very strong governance practice.
“As chairman, he always ensured that we carried out our fiduciary duties in accordance with the highest accountability, and at the same time creating long-term value for our stakeholders,” he said.
Tan Sri Jamaludin Ibrahim, president and group CEO of Axiata added, Tan Sri Azman had given the mandate to make Axiata, then TM International Berhad, a regional champion by 2015. He explained that that evolved into a grand vision to establish Axiata as a truly ‘multinational company’,
“By the end of 2015, we successfully achieved this vision and have been recognised as such by the industry as well as investors, globally,” Tan Sri Jamaludin Ibrahim added.
Jamaludin explained that Tan Sri Azman was also instrumental in inspiring the company to work on its new vision of becoming the “New Generation Digital Champion” within the next five years.
Tan Sri Azman’s exit comes on the back of a slew of resignations at the board of Khazanah Nasional, including himself. Confirming the move, the company added that this was done to facilitate a smooth and orderly transition under the new government.
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