KUALA LUMPUR (Feb 3): Axiata Group Bhd's board of directors is extending Tan Sri Jamaludin Ibrahim's contract as managing director, president and group chief executive officer (CEO) for a further three years from March this year. Meanwhile, Axiata said it will be appointing Vivek Sood as group chief financial officer (CFO) starting Apr 3 this year, succeeding Thandalam Veeravalli Thirumala Chari, who retired from this position at end of December last year. Axiata said Vivek has assumed a variety of senior leadership roles in the telecommunication and finance industries. Most recently, he was Telenor Group Inc's executive vice president and group chief marketing officer. Axiata's share price climbed 15 sen or 3.12% to RM4.95 as at market close today, giving it a market capitalisation of RM44.41 billion.

Source: The Edge Markets February 03, 2017 10:18 UTC