Management shake-up at Maxis

Management shake-up at Maxis
Business & Markets 2013
Written by theedgemalaysia.com
Wednesday, 05 June 2013 09:37


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KUALA LUMPUR: As many as six members of Maxis Bhd's senior management team could be departing as part of a massive internal restructuring exercise that is expected to take place soon, industry sources told The Edge Financial Daily.

According to the sources, there will also be a second phase of restructuring involving the next tier of management that could see the departure of various general managers in the telecommunications giant.

"We would like to reiterate our earlier statement as per our announcement on May 29, that the company will be refining its structure to better respond to changing customer demands and spearheading our plans to harness our in-house talent," said Maxis in response to questions by The Edge Financial Daily whether the group's top brass would be departing soon.

"Any announcement with regards to this matter will be made in due course," the telco added.

The rationale behind such a restructuring is not clear at this stage, but various sources have confirmed that the directive "was a very high level decision".

One possible reason Maxis is trimming its top-heavy management structure is that it boasts of 24 members in its senior management team including the CEO who recently vacated the post.

However, other industry sources said there could be more to the telco's restructuring exercise than meets the eye.

The six senior executives who could possibly be leaving include personnel from enterprise and government business; sales and service; internal audit; general counsel; and head of home and broadband.

The senior executives who would be departing have served Maxis for about four years on average, including one who has been with the group for more than 10 years.

At press time, there did not appear to be any plan in place to fill the mentioned positions.

The news comes barely two months after the group's CEO of six years, Sandip Das, resigned. For the time being, Maxis does not have any successors lined up either. DIGI.COM BHD []'s ex-CEO Johan Denniland was slated to take over as CEO but only last week turned down the job to return to Sweden citing family reasons.

Denniland's appointment was announced in Dec 21 last year, and he was supposed to take over Sandip's post after the latter's contract expires on June 30. Sandip however, resigned on June 15.

The telco's COO of four years, Mark Dioguardi, will also be leaving next month when his contract expires on June 30.

Dioguardi has already relinquished his role as COO to the group's chief financial officer, Nasution Mohamed who will act as joint-COO together with the existing joint-COO Suren J Amarasekera.

Maxis posted a first quarter net profit of RM475 million, down 17% from the previous year while revenue increased by 4.4% to RM2.37 billion. The group's total subscribers has grown by 3% to 13.04 million in the same period, maintaining its position as the largest telco in Malaysia by subscribers.


This article first appeared in The Edge Financial Daily, on June 5, 2013.

wah.. ini macam ubah...