Change In Boardroom - Mr Morten Lundal

Back Mar 02, 2018
Date of change 31 Mar 2018
Age 53
Gender Male
Nationality Norway
Designation Executive Director
Directorate Executive
Type of change Cessation of Office

End of Contract

Details of any disagreement that he/she has with the Board of Directors No
Whether there are any matters that need to be brought to the attention of shareholders No

He holds a Master of Business Administration from IMD Lausanne and a Master of Business and Economics from the Norwegian School of Management, BI.

Working experience and occupation

He joined Maxis as Chief Executive Officer (CEO) on 1 October 2013, bringing with him more than 16 years of experience in the telecommunications industry. Morten is also a Director of Maxis Berhad and some of its subsidiaries.

Prior to joining Maxis, Morten was Group Chief Commercial Officer of Vodafone Group Plc, a member of the Executive Committee responsible for commercial activities at the group level. Prior to assuming that position in 2010, he was regional chief executive officer responsible for eight operating companies in Central Europe and Africa. He joined Vodafone in 2008.

Prior to Vodafone, he was chief executive officer of DiGi.Com Berhad Group. Morten joined Nordic mobile operator Telenor in 1997 and has held several chief executive officer positions including for the Internet Division and Telenor Business Solutions as well as the position of executive vice president for Corporate Strategy.

Family relationship with any director and/or major shareholder of the listed issuer


Any conflict of interests that he/she has with the listed issuer


Details of any interest in the securities of the listed issuer or its subsidiaries

Indirect interest in 2,199,991 shares.These shares are currently held by CIMB Commerce Trustee Berhad or its nominee pursuant to the terms and conditions of the incentive arrangement which forms part of the employment contract which the Director has entered into with the Maxis Group, where the cash incentives payable to the Director were used to acquire shares of the Company from the open market. Subject to fulfillment of the vesting conditions and the terms of the incentive arrangement, these shares will vest on the Director on a deferred basis. In addition to his interest in these shares, the Director is also deemed interested in such additional number of shares in the Company which shall only be determinable in the future, to be acquired using future cash incentives payable to the Director, pursuant to the terms and conditions of such incentive arrangement

Remarks :

Please also refer to Maxis' announcement dated 3 November 2017 titled "Maxis CEO will be leaving upon contract expiry" .


Announcement Info

Stock Name MAXIS
Date Announced 02 Mar 2018
Category Change in Boardroom
Reference Number C03-02032018-00002