Change at Telkom

By Iain Scott for Telkom

Johannesburg, 29 Jul 2004

Khir Abdul Rahman`s resignation as CEO of Telekom Malaysia Berhad has resulted in a change of alternate director at Telkom.

Telekom Malaysia Berhad, part of the Thintana consortium, has a 6% shareholding in Telkom. The other partner in the consortium, US-based SBC Communications, owns 9% of Telkom.

Telkom says that as a result of Rahman`s resignation from Telekom Malaysia Berhad, his position as alternate director to Muhammad Radzi Mansor on Telkom`s board has been terminated with immediate effect.

Telkom chief strategic officer and executive director Chian Khai Tan will replace Rahman as the alternate to Mansor, the group says in a statement issued last night.

Earlier this month Abdul Wahid Omar replaced Rahman as Telekom Malaysia Berhad CEO.

Omar previously served the group as chief financial officer from March to September 2001 before taking up the post of CEO of United Engineers (Malaysia) Berhad.

Last month the Thintana consortium reduced its stake in Telkom from 30% to 15.1%.

SBC`s stake was reduced from 18% while Telekom Malaysia Berhad`s shareholding was cut from 12%.