Re-Organization And New Appointments At TM

28 April 2005

Type

Announcement
Subject RE-ORGANIZATION AND NEW APPOINTMENTS AT TM

Contents :

Pursuant to paragraph 9.04 (d) of the Bursa Malaysia Securities Berhad's Listing Requirements, we are pleased to enclose herewith a press release made by Telekom Malaysia Berhad on even date for the Exchange's information.


Telekom Malaysia Berhad (TM) today announced the appointments of several key positions following the re-organization and re-alignment of divisions and functions undertaken at TM’s Corporate Centre. The announcements were made this morning to staff at TM’s headquarters, Menara TM and Group-wide via live video streaming.

The re-organization and re-alignment of divisions and functions at TM’s Corporate Centre is part and parcel of a series of change initiatives that have been implemented to drive and reinforce change at TM. With the new structure, TM’s Corporate Centre will have a more streamlined functions and optimal staffing following the completion of the recent Voluntary Separation Scheme (VSS), hence able to play its strategic role more effectively.

According to Group CEO, Dato’ Abdul Wahid Omar, “There are 3 reasons behind the re-organization of TM’s Corporate Centre; Firstly, to fill up the key positions that have been left vacant as a result of the recently completed VSS exercise. Secondly, the structural changes will reflect the shifting priorities and requirement of TM’s business. And thirdly, to reduce the number of senior officers reporting directly to me. With the new structure in place, the number will be reduced effective from 15 to 10. This is consistent with the objective of having a more effective span of control to facilitate faster decision-making and greater empowerment.”

Under the new structure, TM has set up a new division, Group Procurement, which will oversee Procurement Policy, Procurement Shared Services Organization (SSO), Secretariat of the Tender Board and Entrepreneurship Development. TM has also repositioned its Corporate Strategy and Planning function as Group Strategy and Technology which is responsible among others for Strategy Development, Technology, Corporate Regulatory, and Quality Management. Its Corporate Affairs division has also been renamed Group Legal & Secretarial housing Legal and Intellectual Property, Compliance and Company Secretary.

The appointments of key positions as announced this morning were as follows and all are effective from 1 May 2005.

1) Encik Bazlan Osman, has been appointed as the Group Chief Financial Officer (CFO). Bazlan will take over the position from Encik Jaffa Sany who will be assuming the position of CFO of PT Excelcomindo Pratama (Excelcomindo), TM’s mobile arm in Indonesia.

Bazlan is a Fellow of the Association of Chartered Certified Accountants (UK) and also a Chartered Accountant of the Malaysian Institute of Accountants. He began his career as an auditor at Hanafiah Raslan and Mohamad in 1986. Following that, he joined the Sime Darby group as an accountant in 1989 serving various capacities in its KL corporate office, Singapore and Melaka until 1993. In 1993, he joined American Express as a Manager, Accounting and Financial Control. In 1994, he joined Kumpulan FIMA Berhad and was subsequently appointed as the Senior Vice President, Finance while simultaneously, performing the Company Secretary’s function. In January 2001, Bazlan joined Celcom (Malaysia) Bhd (Celcom) as the Senior Vice President, Corporate Finance and Treasury, and subsequently promoted as the CFO of Celcom in October 2002. Whilst in Celcom, he played an instrumental role in the RM3.5 billion Restructuring and Refinancing of TRI / Celcom in 2001 / 2002, and the merger and integration of Celcom and Celcom Mobile Sdn Bhd (formerly known as TM Cellular Sdn Bhd) in 2003 / 2004.

2) Encik Zamzamzairani Mohd Isa, has been appointed as the Senior Vice President, Group Strategy and Technology.

He has over 20 years of experience in the telecommunication industry. He started his career in the then Jabatan Telekom Malaysia as an Assistant Manager, Satellite Planning and Development in October 1984 and his last position in TM was as the General Manager, Global Business prior to him leaving for career advancement in 1997 to Binariang Bhd as the General Manager, International Business and Corporate Strategy. From then on, he advanced his career to multinational companies such as GlobalOne Communications as the Chief Operating Officer (Asean) and subsequently, in April 1999 as the Director, Business Development Asia, Middle East and Africa (AMEA), GlobalOne Communications. In November 1999, Zamzamzairani was appointed as the Chief Executive Officer of Lucent Malaysia. He is currently a non-executive director of VADS Berhad.

3) Mr. Christian de Faria, the current Chief Executive Officer of TM International Sdn Bhd, a TM Group company that oversees its international ventures, has been appointed as Chief Executive Officer, Excelcomindo.

A French national, de Faria graduated from University of Toulouse in 1974 with a degree in Finance and Administration. de Faria started his career as Finance Manager with Grundig, a German audio equipment manufacturer and remained with Grundig for 20 years, during which he served in Germany, Portugal, Spain, Italy and Malaysia. In 1988, he was appointed Group Finance Director of Grundig, based in Penang, Malaysia. In 1992, de Faria moved back to Germany before returning to Malaysia in 1993 as Grundig’s Managing Director. In his capacity as the Managing Director, de Faria was responsible for business development for the Grundig Group in Asia – looking primarily at business development in India, Indonesia and Hong Kong.

In 1997, de Faria joined Deutsche Telekom and served in Celcom for two years as Vice President for Financial Services. He then moved to London to become Group Finance Director for a multimedia company before moving on to Germany to assume the position of Managing Director of a multimedia start-up company. de Faria was appointed Chief Executive Officer for TM International Sdn Bhd on 1 February 2003.

4) Encik Jaffa Sany, the current Group Chief Financial Officer, TM, has been appointed as Chief Financial Officer, Excelcomindo.

Jaffa is a qualified accountant with a Bachelor of Economics in Accounting and Finance (Hons) from the London School of Economics. He is a Fellow of the Association of Chartered Accountants (UK) and a member of the Malaysian Institute of Accountants. Prior to joining TM, he was the Chief Financial Officer of Pernas International Holdings Berhad and Pelabuhan Tanjung Pelepas Sdn Bhd. Before that, he served with Tenaga Nasional Berhad and the Renong Group. He trained as an accountant with PricewaterhouseCoopers. Jaffa’s career highlights span various corporate restructuring and financial exercises including mergers and acquisitions, business development and expansion. This is particularly relevant to Excelcomindo which is undertaking a debt raising exercise and Initial Public Offering (IPO) expected later this year.

Excelcomindo, acquired by TM in December 2004 is the number 3 mobile operator in Indonesia. With their wealth of experience, the duo, de Faria and Jaffa are best suited to take up their respective positions at Excelcomindo and drive TM’s mobile business in Indonesia.

As a result of the re-organization of TM’s Corporate Centre and the abovementioned appointments, there are several key positions left vacant at TM and Group companies. Announcement of new appointments to these positions will be made in due course.

About Telekom Malaysia

Telekom Malaysia (TM), a leading regional information and communications group, offers a comprehensive range of communication services and solutions in fixed-line, mobile, data and broadband.
As one of the largest listed companies on Bursa Malaysia with an operating revenue of more than RM13 billion, Telekom Malaysia is driven to deliver value to its stakeholders in a highly competitive environment.

The Group places emphasis on continuing customer service quality enhancements and innovations. Currently, with investments and operations in 13 countries around Asia and globally, Telekom Malaysia is focused on sustainable growth in both the local and international markets.

For further information on Telekom Malaysia, visit www.telekom.com.my.


Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TELEKOM
Date Announced 28 Apr 2005
Category General Announcement
Reference No TM-050428-60653