29 Nov 2021
KUALA LUMPUR – Axiata Group Berhad (Axiata or the Group) is pleased to announce the appointment of Tan Sri Shahril Ridza Ridzuan as an Independent Non-Executive Director (INED) with effect from 29 November 2021.
Tan Sri Shahril, 51, currently serves as a Non-Executive Director of Malaysia Airlines Berhad and Malaysia Aviation Group Berhad, where he chairs the Board Nomination and Remuneration Committee.
Previously, he led Khazanah Nasional Berhad as its Managing Director from 20 August 2018 to 19 August 2021, where he successfully revamped the national sovereign fund’s investment strategy in line with the mandate to deliver higher and more sustainable returns.
Preceding that, he was the Chief Executive Officer of the Employees Provident Fund from 16 April 2013 to 18 August 2018, after having served as Deputy Chief Executive Officer (Investment) for slightly over three years. In addition to delivering an enhanced investment strategy that resulted in new highs in profits and returns, during this stint, he successfully led the digitisation of the retirement savings fund, connecting 16 million members and 800,000 employers. Between 1 September 2003 and November 2009, he was Group Managing Director at Malaysian Resources Corporation Berhad.
Tan Sri Shahril holds a Master of Arts (First Class) from Cambridge University and Bachelor of Civil Law (First Class) from Oxford University.
Tan Sri Ghazzali Sheikh Abdul Khalid
Chairman of Axiata
The Board is pleased to welcome Tan Sri Shahril, who is undoubtedly a natural fit as a Board member. Not only is he a highly accomplished corporate leader, he is no stranger to Axiata’s operations thanks to his previous roles. In addition to his solid experience in leading national organisations, he has a strong understanding of what is needed for Axiata’s continuing trajectory as we manoeuvre new normal complexities and unlock new growth moving forward.
Dato’ Izzaddin Idris
President & Group Chief Executive Officer
With an unprecedented digital revolution sweeping across Asia, Axiata is actively positioning to rise above industry and macroeconomic challenges to drive sustainable growth across our markets and become The Next Generation Digital Champion by 2024. In this future-proofing journey, as we navigate intricate investment decisions, execute on portfolio optimisation and seek to enhance value creation, we are fortunate to have Tan Sri Shahril to further strengthen our eminent line-up of Board members. The team and I look forward to his stewardship in guiding Axiata to deliver greater value as a trusted and reliable partner to the customers, communities, countries, regulators and investors that we serve across our footprint.
About Axiata
As one of the leading telecommunications groups in Asia in pursuit of its vision to be The Next Generation Digital Champion by 2024, Axiata has transformed itself from a holding entity with a portfolio of pure-play mobile assets into a Triple Core Strategy driven business focusing on Digital Telco, Digital Businesses and Infrastructure.
Within ASEAN and South Asia, the Group has controlling stakes in market-leading mobile and fixed operators in the region including 'Celcom' in Malaysia, 'XL' in Indonesia, 'Dialog' in Sri Lanka, 'Robi' in Bangladesh, 'Smart' in Cambodia and 'Ncell' in Nepal. Axiata is actively spearheading efforts to transform its mobile-centric operations into digital converged companies.
Axiata Digital, the digital services arm of Axiata is focused on two digital business verticals namely Digital Financial Services ('Boost', ‘Aspirasi’) and Digital Analytics & AI ('ADA').
'edotco', the Group's infrastructure company, operates in eight countries to deliver telecommunications infrastructure services, amassing approximately 42,227 owned and managed towers. Presently the top 10 of independent tower companies globally, it aims to be one of the top regional telecommunications tower companies and is committed to responsible and sustainable business operations.
As a committed and long-term investor, and in line with its sustainability goals, the Group actively supports and drives young talent development; disaster response and recovery; as well as green initiatives. Axiata's broader goal of Advancing Asia aims to piece together the best in the region in terms of innovation, connectivity and talent. For further information on Axiata visit www.axiata.com
Issued By
Corporate Communications
Axiata Group Berhad
Level 30, Axiata Tower,
9 Jalan Stesen Sentral 5, Kuala Lumpur Sentral 50470 Kuala Lumpur Malaysia
Continue Reading
Axiata Announces Retirement of Current Chairman Tan Sri Ghazzali Sheikh Abdul Khalid at Year-End, Board Appoints Tan Sri Shahril Ridza Ridzuan as Successor
Axiata and Touch Group to Explore Synergies in Strengthening National Telco and ICT Infrastructure