Maxis chairman, two directors resignKUALA LUMPUR: Tan Sri Megat Zaharuddin Megat Mohd Nor has resigned as Maxis Communications Bhd chairman along with two other directors.
Megat Zaharuddin and independent directors Tan Sri Syed Anwar Jamalullail and Robert Boyle submitted their resignation letters earlier last week. Their decision to quit was accepted by the board at a meeting yesterday.
With their resignations, there are no more independent directors on the Maxis board.
At the same board meeting yesterday, three nominees from Saudi Telecom Co (STC) were appointed to the board.
In June, STC, Saudi Arabia's largest phone company said it was taking a 25% stake in Binariang GSM Sdn Bhd, the parent company of Maxis, in a deal worth RM11bil.
According to sources, the three had wanted to resign earlier but delayed their decision due to the exercise to restructure Maxis and take the company private.
It is learnt that Megat Zaharuddin had wanted to go earlier this year but the sudden retirement of Datuk Jamaludin Ibrahim made him defer his decision.
"Tan Sri Megat (Zaharuddin) decided to stay on for a while to allow the new management team to settle down and now that they have, he thought this was the most opportune time to relinquish his post," a source said.
News LinkIf you do not know who is Robert Boyle, he's one of the chief auditors at Maxis. A chief auditor resigning just after a year?This must be scary.