Dennelind not taking up Maxis CEO role, leadership changes

• Personal circumstances see Dennelind declining role, Maxis agrees to release him from contract
• CFO Nasution to take on joint COO role with Suren; joint COO Dioguardi relinquishes role

MAXIS Bhd has announced that owing to recent personal family circumstances which have made it necessary for him to reside closer to his family in Sweden, Johan Dennelind (pic) will not be taking up the chief executive officer role at the company.
 
Maxis had originally announced on Dec 21, 2012 that the former DiGi Telecommunications chief would be appointed CEO effective July 1 this year.
 
Dennelind was with Maxis competitor DiGi for six years from 2004 to 2010, becoming CEO in April, 2008. [Corrected to reflect right date as CEO.]
 
The Maxis board, having carefully considered Dennelind's situation, agreed that it is in the best interest of the company to release him from his contract, it said in a statement.
 
Consequent to this, the Maxis board announced that Nasution Mohammed, chief financial officer, has been appointed joint chief operating officer (COO) with effect June 1, and together with the current joint COO Suren J. Amarasekera, will provide overall leadership to the company and be responsible for its performance.
 
The joint COOs will report to the Maxis chairman, Arshad Uda. Nasution will continue to oversee the finance function.
 
Mark Dioguardi, whose employment contract expires on June 30, will relinquish his position as joint COO on May 31.
 
Maxis will continue with its search for a CEO. It is intended that this candidate will be capable of further strengthening the company’s management team and of mentoring and grooming a suitable successor, the company said in its statement.
 
“Suren and Nasution will together lead the company forward, refining our structure to better respond to changing customer demands and spearheading our plans to harness our in-house talent,” said Arshad.
 
“The board is confident that they will be highly effective in delivering on these roles,” he added.
 
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