Axiata Chairman and Group CEO Dato’ Izzaddin Idris Steps Down, Board Appoints Dr. Hans Wijayasuriya and Vivek Sood as Interim Group CEO, Digital Platforms and Services
KUALA LUMPUR – Axiata Group Berhad (“Axiata” or “the Group”) has announced that Dato’ Izzaddin Idris will step down as Group Chairman and Chief Executive Officer (Group CEO) effective May 31, 2022. His resignation is based on a mutual agreement. termination of his service contract between him and Axiata.
The board has appointed Axiata’s chief executive for its telecommunications business and group executive vice president, Dr. Hans Wijayasuria, and group chief financial officer Vivek Sood as interim group CEO effective from June 1, 2022. They will retain their current positions and portfolios. The Board of Directors does not expect to make any other structural or senior management changes in the near term.
Axiata Chairman, Tan Sri Shahril Ridza Ridzuan, said, “The Board of Directors thanks Dato’ Izzaddin for his wisdom, leadership and contributions to the management of the group over the past two years. He took the helm on January 1, 2021 at the height of the COVID-19 crisis, having served as the group’s deputy chief executive since January 2020. He has been instrumental in shaping the group’s strategic response to ensure stability and business continuity in the face of daunting challenges and unprecedented challenges in many aspects of our operations.
“Having been a member of Axiata’s Board of Directors since November 2016, he was determined to translate the Axiata 5.0 vision into execution. He rallied the team, leveraging Axiata’s modern, agile and digital culture to achieve several milestones that set the Group on a solid trajectory to capture new areas of growth for a sustainable future.
“The Board of Directors assures all of our stakeholders that Axiata has always had a strong culture of succession planning and we are committed to ensuring a smooth transition and preserving the momentum that Axiata has achieved until present with the Axiata 5.0 vision. The appointment of Dr. Hans Wijayasuria and Vivek Sood as interim Group CEOs will ensure continuity in this situation.
“In the appointment of Dr. Hans and Vivek as co-CEOs of the group, we have two industry stalwarts who know Axiata’s business very well. They are both strongly embedded in our culture and deeply committed to the success of our businesses.