|Date of change||31 May 2022|
|Name||DATO' MOHD IZZADDIN BIN IDRIS|
|Type of change||Cessation Of Office|
|Designation||Group Chief Executive Officer|
Mutual Cessation 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|
|Working experience and occupation||
Dato Izzaddin was appointed as Managing Director/ President & Group Chief Executive Officer of Axiata Group Berhad (Axiata) on 1 January 2021 after serving as Executive Director/Deputy Group Chief Executive Officer since 24 January 2020. He joined the Board in November 2016 as a Non-Independent Non-Executive Director and was re-designated as Independent Non-Executive Director in March 2019.
Prior to joining Axiata, Dato Izzaddin was the Group Managing Director/Chief Executive Officer of UEM Group Berhad (UEM Group), a position he held since July 2009 until his departure in October 2018. Immediately before his position in UEM Group, he was the Chief Financial Officer/Senior Vice President (Group Finance) of Tenaga Nasional Berhad, a position he held from September 2004 to June 2009. Dato Izzaddin has over 20 years of experience in the fields of investment banking, financial and general management having served in various senior positions at Malaysian International Merchant Bankers Berhad, Malaysian Resources Corporation Berhad and Southern Bank Berhad.
|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||
Total no. of securities:
i) 1,028,700 RSP Shares pursuant to Axiata Share Scheme*
* The number of Performance Based Long Term Incentive Plan-RSP Shares that may vest is 1,028,700 provided that the performance targets for vesting are met. If not met, the amount could be nil or a portion of the amount. However, if the super stretched individual performance targets and Axiata Group meeting superior company performance targets at the point of vesting are met, up to 2,057,400 Axiata Shares may be vested.
Upon his mutual cessation of contract as Managing Director/President and Group Chief Executive Officer of Axiata Group Berhad, Dato' Izzaddin Idris ipso facto ceases to be member of the Board Sustainability Committee, Board Risk and Compliance Committee and Axiata Enterprise Investment Board Committee.
|Company Name||AXIATA GROUP BERHAD|
|Date Announced||27 May 2022|
|Category||Change in Principal Officer|