Rafidah Aziz resigns as AirAsia X chairman 

by S BIRRUNTHA / pic by TMR FILE

AIRASIA X Bhd has announced the resignation of Tan Sri Rafidah Aziz (picture) as the senior independent and non-executive chairman of the low-cost airline after more than 10 years.

In a filing to Bursa Malaysia today, the group said the resignation is effective July 1, 2022.

Following that, Rafidah also resigned as the chairman of the Risk Committee, as well as the chairman of the Nomination and Remuneration Committee.

“….(Tan Sri) would soon have served the term allowed, as an independent director. (Tan Sri) would, then need to comply to the change of Status, from independent board member, to non-independent director, and the other ensuing requirements,” the filing noted.

Rafidah, aged 78, was appointed as an independent non-ED and chairman of the board, on March 3, 2011, and re-designated as a senior independent non-executive chairman upon listing of the group on July 10, 2013.

She was also the chairman of the Nomination and Remuneration Committee, as well as the Risk Management Committee of the Board, and the Safety Review Board of the group.

Previously, Rafidah served as a senator from 1974 to 1978, and as an MP, from 1978 to 2013.

She was also Malaysia’s longest-serving Minister of International Trade and Industry, having served in that capacity, for 21 years, from 1987 to 2008.

Meanwhile, in a separate Bursa filing, AirAsia X noted that it has appointed Tunku Mahmood Fawzy Tunku Muhiyiddin, 63, as an independent and non-ED effective today.

He was also appointed as the group’s member of the Risk Committee, as well as the member of Audit Committee.

Tunku Mahmood is currently the chairman of Deutsche Bank (M) Bhd and Hong Leong MSIG Takaful Bhd. He is also a member of the board of Hong Leong Assurance Bhd and Hong Leong Asset Management Bhd.

Previously, he served as the senior independent director of Telekom Malaysia Bhd, chairman of VADS Bhd, a member of the board of Malaysia Airports Holdings Bhd, Hong Leong Islamic Bank Bhd, Pos Malaysia Bhd, Sapura Kencana Petroleum Bhd/Kencana Petroleum Bhd, Ethos Capital One Sdn Bhd, Federation of Investment Managers Malaysia, Energy Africa Ltd and Engen Ltd in South Africa.

He draws on a wealth of experience in strategy, governance, risk management, and cross-border activity in telecommunications, investment management and private equity activity, oil and gas, marine and aviation logistics, corporate advisory, banking and financial services, across several international locations including the UK, New Zealand, South Africa and Malaysia.

On June 23, AirAsia X appointed Farouk Kamal as an independent non-ED, following the company’s recent confirmation of a new strategic direction.

Farouk is currently the chief investment officer of Urusharta Jamaah Sdn Bhd (UJSB). He is part of the pioneer team at UJSB, which is in charge of managing assets worth more than RM10 billion.

Shares of AirAsia X closed one sen or 1.98% higher at RM0.52 today, giving it a market capitalisation of RM211.54 million.