AirAsia X has appointed Tunku Dato’ Mahmood Fawzy as the carrier’s new Independent Non-Executive Director effective immediately, further strengthening the company’s Board of Directors.
On Friday (July 1st, 2022), AirAsia X (AAX), the medium to long-haul affiliate of the AirAsia Aviation Group, announced the appointment of Tunku Dato’ Mahmood Fawzy as the carrier’s new Independent Non-Executive Director, effective immediately. As a seasoned industry professional, Tunku Fawzy will provide AAX executives with additional capacity to focus on strategic process as the airline returns to the skies with a more robust business model.
In Friday’s announcment, AAX Non-Independent Non-Executive Director and Nomination Committee member, Dato’ Fam Lee Ee, said,
“We are proud to announce Tunku Fawzy as the newest addition to the AAX Board. His long and respected history as a Board Member, key Advisory Committee member and Chairman of various successful organisations, combined with his previous experience as a Board Member in the aviation industry, make him an ideal addition to AAX as we continue to accelerate our growth. On behalf of the rest of the board, we look forward to working closely with Tunku Fawzy as we embark on our next chapter.”
Also commenting on the appointment, AAX Co-Founder and Non-Independent Executive Director, Tony Fernandes, said,
“The new era of AAX is just getting started and we are laser-focused on rebuilding it as a great value medium to long-haul airline. The demand for international travel is fast recovering and AAX is well-positioned to accelerate a dramatic tourism recovery. Tunku Fawzy is a great addition to this vision and we are fortunate to have his experience and well qualified expertise.”
Newly appointed AAX Independent Non-Executive Director Tunku Dato’ Mahmood Fawzy, added,
“There is no better time to join AAX. I have long admired the brand and business Datuk Kamarudin and Tony have created and everything the Group stands for. I am excited to grow that foundation for the future and drive increased value for the shareholders. Having led multiple companies through successful growth, diversification and expansion, I feel ready to lend my expertise to take AAX to the next level. I look forward to working closely with the Board and the rest of the leadership team, especially AAX CEO Benyamin Ismail to capitalise on the many opportunities ahead and usher in AAX's next chapter of success.”
Tunku Dato’ Mahmood Fawzy (63) is a Malaysian national and is currently an Independent Director of AIA General Berhad and Hong Leong Asset Management Berhad. He is also an Independent Director and Chairman of Deutsche Bank Malaysia Berhad. Mr. Fawzy has over 30 years of experience in investment, oil and gas, corporate finance and more. He started his career with NCR UK Limited as a foreign exchange analyst, later joining Svenska Handelsbanken, London as a Risk Analyst. In 2002, he was appointed Managing Director and CEO of Engen Limited, an integrated oil company in South Africa and PETRONAS subsidiary. He joined Khazanah Nasional Berhad in 2007 and retired as Executive Director in 2010.
Additionally, Tunku Fawzy was previously a Board Member of Malaysia Airports Holdings, Hong Leong Assurance, Hong Leong MSIG Takaful, SapuraKencana Petroleum, Hong Leong Bank, Pos Malaysia Investment Managers Malaysia and Energy Africa Limited. Mr. Fawzy holds an MBA from Warwick University and a B.A. (Hons) in Business Studies from the Polytechnic of Central London.
Source: Airasia