Change in Boardroom

Back May 09, 2013

Date of change

Name Asgari bin Mohd Fuad Stephens
Age 52
Nationality Malaysian
Type of change Retirement
Designation Non-Executive Director
Directorate Independent & Non Executive
Qualifications Bachelor of Commerce (Honours) from the University of Melbourne in Australia and a Masters of Business Administration from Cranfield University in the UK. 
Working experience and occupation He is a director and founding member of Intelligent Capital Sdn Bhd (Intelligent Capital). He also serves as non-executive director on the boards of JayCorp Berhad and Privasia Technology Berhad. He has extensive experience in both public and private equity investing in Malaysia. He has been involved in several start-up companies as an angel investor and has been actively involved in building their businesses as mentor. Several of these companies have gone public. He started his career working in general management in companies involved in a wide range of industries. He joined Usaha Tegas Sdn Bhd (UTSB) in 1988 where he worked in various capacities. He left in 1990 to join the stockbroking industry. He returned to UTSB in 1992 before leaving in 1995 to co-found Kumpulan Sentiasa Cemerlang Sdn Bhd (KSC), an investment advisory and fund management group. He took a year off to work with the National Economic Action Council (NEAC) in 1998. After his period at the NEAC, he started two venture capital firms, Intelligent Capital and iSpring Venture Management Sdn Bhd, while continuing to work with KSC. He was previously the chairman of the Malaysian Venture Capital Association. 
Directorship of public companies (if any) 1. JayCorp Berhad
2. Privasia Technology Berhad 
Family relationship with any director and/or major shareholder of the listed issuer Nil 
Any conflict of interests that he/she has with the listed issuer Nil 
Details of any interest in the securities of the listed issuer or its subsidiaries 375,000 ordinary shares of RM0.10 each in the Company 

Remarks :
With En Asgari’s retirement, he also ceases to be a member of the Audit, Remuneration and ESOS Committees. Please refer to the Company’s announcement dated 9 May 2013 on the changes to the Audit Committee. The Company will endeavour to fulfil the vacancy in the Remuneration and ESOS Committees within three months.


Announcement Info

Company Name MAXIS BERHAD  
Stock Name MAXIS    
Date Announced 9 May 2013  
Category Change in Boardroom
Reference No MM-130425-53334