Change in Boardroom

Back Mar 14, 2014

Date of change

Name Dr Fahad Hussain S. Mushayt
Age 45
Nationality Saudi
Designation Non-Executive Director
Directorate Non Independent & Non Executive
Type of change Resignation
Reason Change in nominee directors of Maxis Communications Berhad, the majority shareholder of Maxis Berhad
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 the shareholders No
Qualifications Dr Fahad has a B.Sc. degree in Operations Research from King Saud University, Riyadh and a M.Sc. in Economics from California State Polytechnic University, Pomona. He obtained a PhD in Political Economy and Public Policy from the University of Southern California L.A. He has also completed management programmes at INSEAD, London Business School and Stanford 
Working experience and occupation He is the Senior Executive Officer, Strategic Projects Development at STC. He joined STC in 2000 as a Senior Business Analyst in its Corporate Planning Department, and moved up later as Strategic Planning Director and Business Development Director in 2001.

In July 2004, he was made Head of STC Strategic Investments Unit which he founded, reporting to the CEO. In this role, he initiated, managed, closed and subsequently oversaw in excess of US$8 billion in investments by STC in KSA and globally.

In 2011, he was promoted to vice president of Corporate Strategy, reporting to the group CEO. His responsibilities included promoting the growth agenda of STC, and enhancing the company’s competitive position through strategic and business planning. He also oversaw the establishment and implementation of the group’s investment strategy, customer experience strategy, integrated broadband strategy, as well as the digitisation strategy among others.

Throughout his career at STC, he has been responsible for representing STC locally and internationally, maintaining and expanding relationships with the telecom industry and regulators in KSA and abroad.

Prior to joining STC, he spent two years with the Saudi Industrial Development Fund.

He was vice president of the Telecom Development Advisory Group of the International Telecommunication Union for three years. He sits on the board of many international and local companies including Maxis Communications Berhad and PT AXIS Telekom Indonesia 
Directorship of public companies (if any) NIL 
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 NIL 

Remarks :
Consequent to the resignation, Dr. Fahad shall cease to be a member of the Audit and Remuneration Committees.

Mr. Fraser Mark Curley is appointed as a Director of Maxis Berhad to replace Dr. Fahad Hussain S. Mushayt with effect from 8 May 2014. Please also refer to the Company's announcement entitled "Changes in the Board of Directors of Maxis Berhad" announced on even date.


Announcement Info

Company Name MAXIS BERHAD  
Stock Name MAXIS    
Date Announced 14 Mar 2014  
Category Change in Boardroom
Reference No MM-140312-36252