Iskandar Mizal resigns as Theta Edge independent non-executive director

Iskandar Mizal resigns as Theta Edge independent non-executive director
-A +A

KUALA LUMPUR (Oct 25): Newly-appointed Malaysia Airports Holdings Bhd (MAHB) managing director Datuk Iskandar Mizal Mahmood has resigned as Theta Edge Bhd’s independent non-executive director.

Theta Edge said Iskandar Mizal’s resignation, which was received on Oct 23, was “due to other work commitment”, according to its filing with Bursa Malaysia on Monday.

Iskandar Mizal, who held the position since April 2019, was previously on the board as chairman from November 2017 to April 2019, according to Bloomberg

Last Friday (Oct 22), MAHB appointed Iskandar Mizal as managing director of the group effective Oct 25, following the resignation of Datuk Mohd Shukrie Mohd Salleh, 47, as group chief executive officer (CEO), citing "to pursue other opportunities" as the reason, effective Oct 24.

Mohd Shukrie had held the post for only 19 months, since March last year. He joined MAHB in May 2019 as chief operating officer.

Iskandar Mizal was also group managing director for Media Prima Bhd, where he resigned from the post four months before the end of his contract on Sept 30, 2021.

Media Prima cited the need "to focus on his other commitments" as the reason for Iskandar Mizal's resignation.

Shares in Theta Edge ended 10 sen or 7.58% higher at RM1.42, valuing the company at RM152.28 million. It saw 39.89 million shares traded.

Lam Jian Wyn