AirAsia X strengthens its board with the appointment of a seasoned professional as new Independent Non-Executive Director
SEPANG, 1 July 2022 - AirAsia X (AAX), the medium to long-haul affiliate airline of AirAsia Aviation Group, further strengthens its Board of Directors with the appointment of Tunku Dato’ Mahmood Fawzy as the new Independent Non-Executive Director, effective immediately.
As a seasoned professional, Tunku Fawzy will provide AAX executives with additional capacity to focus on strategic progress as it returns to the skies with a more robust model, delivering greater value to all stakeholders in the future.
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.”
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.”
AAX Independent Non-Executive Director Tunku Dato’ Mahmood Fawzy said: “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.”
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TUNKU DATO’ MAHMOOD FAWZY
Nationality: Malaysian
Age: 63
Tunku Dato’ Mahmood Fawzy is currently an Independent Director of AIA General Berhad, Hong Leong Asset Management Berhad as well as Deutsche Bank (Malaysia) Berhad where he is also Chairman.
Tunku Dato’ Mahmood Fawzy has over 30 years of working experience in investment, oil and gas, corporate finance and more. He started his career as a foreign exchange analyst with NCR UK Limited and later joined Svenska Handelsbanken, London as a Risk Analyst.
In 2002, he was appointed as the Managing Director and CEO of Engen Limited (Engen), an integrated oil company in South Africa, a subsidiary of PETRONAS. He was appointed as a Non-Executive Director of the South African Petroleum Industry Association (SAPIA). He joined Khazanah Nasional Berhad in May 2007 and retired as Executive Director, Investments, in May 2010.
He was previously a board member of Malaysia Airports Holdings Berhad, Hong Leong Assurance Berhad, Hong Leong MSIG Takaful Berhad, SapuraKencana Petroleum Berhad, Hong Leong Islamic Bank Berhad, Pos Malaysia Berhad, Executive Solutions and Outcomes Sdn Berhad, Ethos Capital One Sdn Berhad, and Federation of Investment Managers Malaysia, Energy Africa Limited. He graduated from Warwick University with a Master of Business Administration and a BA (Hons) Business Studies from the Polytechnic of Central London.