KUALA LUMPUR (Jan 4): Raja Azmi Raja Nazuddin, who has served as acting group chief executive officer (CEO) of Malaysia Airports Holdings Bhd (MAHB) since June 23, 2018, is now officially the airport operator's group CEO with a three-year tenure.
In a statement today, Finance Minister Lim Guan Eng said the appointment came after obtaining the approval from Prime Minister Tun Dr Mahathir Mohamad.
He said Raja Azmi’s appointment coincide with MAHB’s need when the usage of Malaysia airports is increasing.
“The appointment is also in line with MAHB’s aspiration to make Malaysian airports the choice of airlines and tourists in the region that is facing heighten competition,” he said, adding that Raja Azmi is capable of improving MAHB’s management effectiveness and efficiency," Guan Eng added.
In a separate filing with Bursa Malaysia, MAHB board of directors expressed confident that Raja Azmi can steer the group to greater heights with his strong background in financial matters and his experience in the airport operations as a senior management team of MAHB. "Raja Azmi's strength in the financial aspects is a great advantage to MAHB towards the implementation of the regulated asset base framework for the group."
Raja Azmi, 52, assumed the role of acting group CEO following the retirement of Datuk Mohd Badlisham Ghazali from MAHB on June 22 last year.
He joined MAHB as chief financial officer (CFO) on Feb 1, 2016. Prior to that, he was with UDA Holdings Bhd as CFO and then executive director.
Raja Azmi’s experience also include CEO at Zelan Bhd, group finance director at UEM Group Bhd, executive director at Time Engineering Bhd, CFO at Tronoh Consolidated Malaysia Bhd and finance officer at Kumpulan Sapura Telecommunications Bhd.
Raja Azmi started his career in 1987 at Coopers & Lybrand Malaysia, before moving to Malaysian Tobacco Company Bhd as internal auditor and marketing accountant.
At 2.42pm, MAHB shares were down 13 sen or 1.58% at RM8.12 today, with 1.14 million shares done, bringing a market capitalisation of RM13.47 billion.