AirAsia X appoints new CFO

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KUALA LUMPUR (Feb 25): Long haul budget airline AirAsia X Bhd (AAX) has continued its management shakeup with the appointment of Cheok Huei Shian as the company’s new chief financial officer (CFO).

In a press release, AAX said Cheok will be reporting directly to the company’s acting chief executive officer Benyamin Ismail, and will be responsible for corporate finance, treasury, financial planning and analysis, as well as investor relations.

Cheok is an old timer with the airline, joining AAX in 2004 and has held senior leadership across the group. Prior to that, she worked at Ernst & Young in the financial and advisory services department.

She is a fellow member of the Association of Chartered Certified Accountants (ACCA) and a member of the MIA (Malaysia Institute of Accountants).

Cheok will be replacing Chew Eng Loke, who decided to pursue other opportunities.

Earlier this year, AAX (fundamental: 0; valuation: 0.3) had appointed Benyamin Ismail as acting CEO to replace Azran Osman-Rani. At the same time, Datuk Kamarudin Meranun has also taken over as group CEO of the loss-making long haul budget carrier.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)