Astro announces Tunku Ali Redhauddin as chairman

Tunku Ali Redhauddin Ibni Tuanku Muhriz

KUALA LUMPUR: Astro Malaysia Holdings Bhd has appointed Tunku Ali Redhauddin Ibni Tuanku Muhriz as chairman succeeding Tun Zaki Tun Azmi effective June 23.

In a statement, Tun Zaki who has served as chairman since its listing on Bursa Malaysia in 2012 retires upon the conclusion of Astro’s Tenth Annual General Meeting tomorrow.

Tunku Ali is currently an independent non-executive director on the Board.

“I look forward to working with the board and management on the next step of Astro’s journey as we continue to solidify our position in the industry, with our customers at the core.

“On behalf of the Board, I would like to thank Tun Zaki for his leadership and contribution to the Group over the years,” Tunku Ali said.

Tunku Ali holds a Bachelor of Arts (Hons) in History and Social & Political Sciences from University of Cambridge as well as a Masters in Public Administration from the John F Kennedy School of Government, Harvard University.

In 2013, he was recognised as a Young Global Leader by the World Economic Forum, and as an Asia 21 Young Leader by the Asia Society.

Tunku Ali is currently the chairman of Bumi Armada Bhd and Taliworks Corp Bhd and also sits on the boards of Bangkok Bank Berhad, and Sun Life Malaysia Assurance Bhd.

As a senior advisor to TPG Capital, he sits on several portfolio company boards including Pathology Asia Holdings, CVS KL, XCL Education Malaysia, and Columbia Asia.

Separately, Astro posted a net profit of RM100mil in the first quarter ended April 30, compared with RM141.25mil posted in the same quarter last year.

Its revenue for the quarter stood at RM962.1mil, down 9.4% from RM1.06bil a year prior.

The board of directors has declared a first interim single-tier dividend of 1.25 sen per ordinary share in respect of the financial year ending Jan 31, 2023.

The interim dividend will be paid on July 20 and the entitlement date for the interim dividend is on July 7.