KUALA LUMPUR: Malaysian Airline System Bhd (MAS) chief financial officer (CFO) Mohd Azha Abdul Jalil has resigned from his position but will remain with the national carrier until Dec 31 to ensure a smooth handover and business continuity.
In a filing with Bursa Malaysia yesterday, MAS said Azha was ending his tenure as CFO after a 4½-year stint in the group to pursue “new challenges and personal goals”.
MAS, however, did not disclose who would fill the position.
According to MAS, Azha served a major oil and gas company for 17 years before joining MAS in July 2007 as senior general manager of finance.
He was promoted to CFO in 2009 and had “contributed significantly” to the implementation of MAS Business Transformation Plan since January 2008, MAS said.
MAS said Azha’s achievements included raising some RM4 billion in aircraft financing for 36 various new aircraft under the fleet renewal programme and implementing an integrated enterprise resource planning system which will cut over from the start of 2012.
Azha’s departure comes in the wake of several board and management changes in MAS in the last four months.
In September, MAS appointed low-profile corporate figure Ahmad Jauhari Yahya managing director, replacing Tengku Datuk Seri Azmil Zahruddin Raja Abdul Aziz.
Tengku Azmil had resigned on Aug 9 just as MAS and low-cost carrier AirAsia Bhd embarked on a strategic tie-up via a share swap exercise.
Following that, AirAsia founders Tan Sri Tony Fernandes and Datuk Kamaruddin Meranun were appointed to MAS’ board as non-independent non-executive directors, effective Aug 11.
Prior to that, Tan Sri Dr Mohamed Munir Majid had in July resigned as MAS chairman after a seven-year tenure.
This article appeared in The Edge Financial Daily, November 2, 2011.
In a filing with Bursa Malaysia yesterday, MAS said Azha was ending his tenure as CFO after a 4½-year stint in the group to pursue “new challenges and personal goals”.
MAS, however, did not disclose who would fill the position.
According to MAS, Azha served a major oil and gas company for 17 years before joining MAS in July 2007 as senior general manager of finance.
He was promoted to CFO in 2009 and had “contributed significantly” to the implementation of MAS Business Transformation Plan since January 2008, MAS said.
MAS said Azha’s achievements included raising some RM4 billion in aircraft financing for 36 various new aircraft under the fleet renewal programme and implementing an integrated enterprise resource planning system which will cut over from the start of 2012.
Azha’s departure comes in the wake of several board and management changes in MAS in the last four months.
Azha to pursue new challenges and personal goals.
In September, MAS appointed low-profile corporate figure Ahmad Jauhari Yahya managing director, replacing Tengku Datuk Seri Azmil Zahruddin Raja Abdul Aziz.
Tengku Azmil had resigned on Aug 9 just as MAS and low-cost carrier AirAsia Bhd embarked on a strategic tie-up via a share swap exercise.
Following that, AirAsia founders Tan Sri Tony Fernandes and Datuk Kamaruddin Meranun were appointed to MAS’ board as non-independent non-executive directors, effective Aug 11.
Prior to that, Tan Sri Dr Mohamed Munir Majid had in July resigned as MAS chairman after a seven-year tenure.
This article appeared in The Edge Financial Daily, November 2, 2011.
