Friday, March 28, 2008

TMI New Board Members

Tan Sri Ghazzali Sheikh Khalid, former Malaysia Ambassador to US have been appointed as an Independent Director of TM International Berhad (TMI). Congrats, Tan Sri!

For more info, go to The Star

TMI names new board line-up


PETALING JAYA: TM International Bhd (TMI) yesterday named a new board line-up in the hope that the nine members will be able to provide “strategic insights and business expertise” to the mobile company that is aiming to list on Bursa Malaysia by end-April.

Topping the list is chairman Datuk Azman Mokhtar, also managing director of Khazanah Nasional Bhd, followed by Datuk Jamaludin Ibrahim as president and group CEO-executive director, and Datuk Yusof Annuar Yaacob as group chief financial officer (CFO)-executive director.

In a statement to Bursa, Telekom Malaysia Bhd (TM) said it had also appointed Ismael Fariz Ali as TMI non-independent non-executive director and Datuk Farid Mohamed Sani, his alternate.

Five others appointed independent directors were David Lau Nai Pek (also audit committee chairman), Datuk Azzat Kamaludin, Tan Sri Ghazzali Sheikh Khalid, Juan Villalonga Navarro and Gita Wirjawan.

Azman said the breadth and depth of knowledge and experience of the new board would certainly add value in governing the strategic direction and performance of TMI as it forged ahead to be a leading mobile operator in South-East Asia.

Jamaludin said he looked forward to working with the board whose diversity of expertise would be invaluable to TMI, which would benefit from the broad perspective, strategic insights and business expertise in this exciting phase of its development.

TM also accepted the resignations of four existing directors, namely Datuk Seri Abdul Wahid Omar (TM group CEO), Datuk Bazlan Osman (TM group CFO), Datuk Lim Kheng Guan and Ganen Sarvananthan, the executive director at Khazanah. Wahid would be heading Malayan Banking Bhd as president/CEO beginning May.

Lau, 55, is a chartered accountant; Azzat 62, is a lawyer; Ismael, 46, is executive director of investments at Khazanah, while Farid, 32, is senior vice-president at the managing director’s office at Khazanah.

Ghazzali, 57, was former ambassador to the US, and Spaniard Navarro, 54, is a global investor based in London. Indonesian Wirjawan, 42, is currently managing director and senior country officer for JP Morgan in Indonesia.

TMI emerged after TM undertook a de-merger exercise to separate the mobile business from the domestic fixed-line operations. The de-merger exercise is expected to be completed on April 17.

Earlier yesterday, Jamaludin told Bloomberg that profit margins at the mobile unit might come under pressure from rising competition, but call volumes would compensate for smaller margins in the longer term.

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