Tuesday, November 1, 2011

Malaysia Airlines CFO to end tenure on Dec 31

KUALA LUMPUR (Nov 1): MALAYSIAN AIRLINE SYSTEM BHD [] (MAS) chief financial officer Mohd Azha Abdul Jalil is resigning from the national carrier after a 4 '' year stint to pursue new challenges and personal goals.

MAS said on Tuesday he would remain in the company until Dec 31, 2011 to ensure a smooth handover for seamless business continuity.

He joined MAS in July 2007 as senior general manager ' finance, and contributed significantly to implementation of its business transformation plan since January 2008. He was appointed CFO in September 2009.

'Among his achievements in the national carrier were consolidating and outsourcing of the Europe finance back-office in 2007, and raising RM2.7 billion for the Company through a rights issue in 2010.

'Mohd Azha has been instrumental in raising aircraft financing worth approximately RM4 billion for 36 various new aircraft under the fleet renewal programme of which Malaysia Airlines took delivery of its first new aircraft in late 2008.

'Mohd Azha is also responsible for implementing an integrated Enterprise Resource Planning (ERP) system which will cut-over from the start of 2012,' it said.

Prior to joining MAS, he worked in a major oil and gas company for 17 years.

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