PETALING JAYA: Maxis Bhd has redesignated Tan Sri Mokhzani Mahathir as its chairman.
The change, which will take effect on April 22, will see Mokhzani succeeding Tan Sri Raja Arshad Raja Tun Uda, who will be redesignated as an independent director at the telecommunications company.
Mokhzani, 60, is currently an independent director at Maxis.
In a statement, Maxis said Raja Arshad, 74, decided to step down as chairman of the company effective April 22 upon conclusion of the company’s AGM.
Raja Arshad had served as Maxis chairman since the group’s listing on Bursa Malaysia in 2009.
“I believe that it is time for me to pass on the role of chairman to a younger member of the board, and I congratulate 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, ” said Raja Arshad.