AirAsia X replaces CEO

AirAsia X’s board of directors has announced the appointment of Datuk Kamarudin Meranun as Group CEO, AirAsia X and Benyamin Bin Ismail as acting CEO of AirAsia X Berhad, while confirming the end of Azran Osman-Rani’s tenure as CEO as of 30 January 2015.In his newly created role, Meranun will lead the development of an overarching strategy for the AirAsia X Group, which encompasses AirAsia X Berhad, AirAsia X Thailand and Indonesia AirAsia Extra.The company says that Benyamin, together with Meranun, will lead the reorganisation and turnaround exercise to strengthen its balance sheet and to maximise profitability to ensure a stronger financial footing for the company.“Over the past few months, we saw the company facing challenges in a difficult environment. After a thorough review, a decisive turnaround plan was initiated to put the company on substantially better financial footing to ensure we bring back confidence to the market,” explained Meranun. “With this robust plan in place, AirAsia X will advance to the next chapter of growth and uphold its leadership position in the long-haul, low-cost market. The AirAsia X board and the co-founders including myself are confident in this plan and we will be executing a rights issue and we will fully underwrite our portion in support of the company.”Benyamin joined AirAsia Berhad in 2010, heading up the Investor Relations team and most recently played the role Group Head of Corporate Development, Implementation and Investor Relations. Reporting to the GCEO, he led the group in corporate development, finding strategic opportunities complementing AirAsia’s airline and non-airline businesses through mergers and acquisitions, investments and special projects. He also managed regional investor relations, communicating the AirAsia Group strategy, growth and outlook to the investor community.

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