AirAsia Aviation Group welcomes Tony Fernandes as strategic advisor ahead of new era of transformation Photo Caption: Dato Fam Lee Ee, Chairman of AirAsia.
’s former president & group CEO Tan Sri Jamaludin Ibrahim and former Minister of Trade of Indonesia, Gita Irawan Wirjawan have been appointed to the group’s recently established advisory panel.
The company said on Friday the setting up of the panel was crucial as Axiata expands operations set against the increasingly complex business and geopolitical environment.
The panel, in complementing the value, skillsets and experience of the board, will assist its directors in assessing and understanding evolving key and complex issues relating to Axiata’s operations across its geographical footprint.
“As independent industry experts recognised for their extensive experience, knowledge and achievements in industry, business and public services, Jamaludin and Gita are well placed for the Axiata board to tap on their unique strengths and contributions, ” it said.
EDOTCO Group Sdn Bhd the infrastructure arm of Axiata Group Bhd could welcome two more shareholders over the next three to six months, as the group scales up its war chest for further acquisitions so that it will be able to more than double its size in preparation for an IPO that could take place within three years.
“We are not ruling out an IPO. It will be three to five years from now, but it is a lot easier to do some of the things we want without being public-listed,” says Axiata president and group CEO Tan Sri Jamaludin Ibrahim, adding that the incoming funds from the placement “would help bridge [edotco] to the point of IPO”.