Malaysian mobile phone giant Maxis, a major shareholder at SLT and operating through Global Telecommunications Holdings NV-GTH) will see the appointment of their nominee as SLT CEO, an Australian national, this week.
Four Maxis representatives on the SLT board recently held discussions with the SLT Chairperson Leisha Chandrasena and other board members to iron out some of their concerns with regard to management control, informed sources told The Sunday Times FT. The Maxis-controlled CEO -- selected through a global head-hunting exercise -- will handle day-to-day operations without full administrative and financial control unlike the previous incumbent when Japan’s NTT was the stakeholder.
Under the new structure the new CEO will be overseeing the work of 12 divisions managed by SLT chief officers. The new shareholder agreement, which will clearly set the areas of control of Maxis, is yet to be finalized, the sources said. A senior SLT senior official declined to comment on the new appointment saying that this matter is outside his purview. A new Chief Officer-Finance has also been appointed to streamline financial control of SLT.
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