Axiata announces re-appointment of Dr Muhamad Chatib Basri to Board line-up
Kuala Lumpur, 25 February 2015 – Axiata Group Berhad, (Axiata), today announced the re-appointment of Mr (Dr.) Muhamad Chatib Basri, to the group’s Board of Directors. Mr Basri, who previously served on the Board from November 2010 until June 2012, left to accept the role as Chairman of the Investment Coordination Board and later, in May 2013, as Minister of Finance of Indonesia, a position he held until October 2014. Mr Basri re-joins as an Independent Non-Executive Director. The appointment is part of Axiata’s ongoing efforts to strengthen its Board whilst at the same time ensuring international diversity, at both Management and Board level, continues.
Mr Basri, who holds a PhD in Economics from the Australian National University, is one of Indonesia’s most respected economists with an illustrious career spanning over 20 years. He has served in several high profile posts which include Vice Chairman for the National Economic Committee under President Susilo Bambang Yudhoyono, member of the Asia Pacific Regional Advisory Group of the International Monetary Fund (IMF) as well as a consultant with the World Bank. Alongside this, he also has strong business experience, having served as an Independent Commissioner for PT Astra International, one of Indonesia's largest diversified conglomerates, as well as a member of the Asia Pacific Advisory Board to Toyoto Motor Corporation.
Axiata Chairman, Tan Sri Dato’ Azman Hj. Mokhtar said “We are very happy to welcome back Pak Chatib, who brings his wealth of experience and knowledge of Indonesia, one of our biggest markets in the region. In addition, he brings invaluable expertise in international trade and macroeconomics which extends beyond Asia.”.
Dato’ Sri Jamaludin Ibrahim, President & Group Chief Executive Officer of Axiata added “Pak Chatib’s re-appointment reflects the importance of Axiata’s Indonesian operations, representing one of our largest subsidiaries outside of Malaysia. His experience will bring an invaluable perspective for the Group’s strategic investment in Indonesia as a whole. I am very pleased to have him back on our Board and look forward to working with him to drive performance further”.
Axiata is one of the largest Asian telecommunications companies. Axiata has controlling interests in mobile operators in Malaysia, Indonesia, Sri Lanka, Bangladesh and Cambodia with significant strategic stakes in India and Singapore. In addition, the Malaysian grown holding company has a stake in non-mobile telecommunication operations in Pakistan.
The Group’s mobile subsidiaries and associates operate under the brand name ‘Celcom’ in Malaysia, ‘XL’ in Indonesia, ‘Dialog’ in Sri Lanka, ‘Robi’ in Bangladesh, ‘Smart’ in Cambodia, ‘Idea’ in India and ‘M1’ in Singapore.
The Group, including its subsidiaries and associates, has over 250 million mobile subscribers in Asia. The Group revenue for 2014 was RM18.7 billion. The Group provides employment to over 20,000 people across Asia. Axiata’s vision is to be a regional champion by 2015 by piecing together the best throughout the region in connectivity, technology and talent, uniting them towards a single goal: Advancing Asia.
Axiata was awarded the Frost & Sullivan 2009, 2010, 2011, 2012, 2013 and 2014 Asia Pacific ICT Award for Best Telecom Group and the Telecom Asia Best Regional Mobile Group 2010 and 2011 for its operations in multiple Asian markets.