AirAsia X is expected to appoint Y.B. Tan Sri Rafidah Aziz as the company’s new non-executive, independent chairman this week.
The Board of Directors of AirAsia X Sdn Bhd will convene on Thursday, 3rd March 2011, to formalise the appointment.
Y.B. Tan Sri Rafidah Aziz, the former Minister of International Trade and Industry, had earlier accepted an offer for the post extended by AirAsia X board.
Currently, the AirAsia X Board is chaired by Dato’ Kamarudin Meranun, AirAsia Berhad’s Deputy Group Chief Executive Officer.
“ It is an honour and privilege for me to hand over and make way for someone of Y.B. Tan Sri Rafidah Aziz’s stature, and we are confident that under her chairmanship, AirAsia X will continue to grow into a Malaysian Global Champion in aviation,” said Dato’ Kamarudin.
Her independent status will also strengthen the corporate governance of AirAsia X, which is considering an Initial Public Offering exercise in the near future.
Her previous role at MITI also provided Y.B. Tan Sri Rafidah with extensive experience with the Malaysian IPO process and dealing with major institutional investors.
The current Board of Directors of AirAsia X Sdn Bhd comprises seven directors representing the shareholders of the company, namely AeroVentures Sdn Bhd (52%), AirAsia Bhd (16%), Corvina Holdings (10%), Orix Corp (11%), and Manara Malaysia Ltd (11%). The Board is presently chaired by Dato’ Kamarudin Meranun, AirAsia Bhd’s Deputy Group Chief Executive Officer.
AirAsia X is the lomh-haul, low cost affiliate of AirAsia, Malaysia’s largest airline by market capitalization.
Source = AirAsia and AirAsia X