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TMI Further Strengthens Its Top Management Team With The Appointments Of Group Chief Technology Officer (GCTO) And Group Financial Controller (GFC)

2008-10-07

TMI today announced two new key management positions in the Group's line up with Mr. Don Price as Group Chief Technology Officer (GCTO) and Mr. Yap Wai Yip as Group Financial Controller (GFC). Effective November 3rd and October 6th respectively, the positions are part of TMI's ongoing efforts to strengthen the Corporate Centre. Since the demerger, TMI has been undergoing and charting a new chapter of growth to significantly add value to its subsidiaries and affiliates. Amongst others, it is revamping its processes and strengthening its human capital.

Don Price - Group Chief Technology Officer (GCTO)

Don Price has over 25 years experience in establishing new businesses and rapidly growing them in the fiercely competitive telecommunications industry, most recently with Bharti Airtel in India. During the course of these 7 years, Don has expanded Airtel's presence from 6 markets in India to 23 (pan-India), as well as 4 new international markets. Under his stewardship, the Airtel networks have been successfully scaled from 800,000 subscribers and less than 5,000 sites to more than 100 million subscribers and 100,000 sites.

Extremely familiar with the Asian market, Don has spent a considerable amount of time with various telecom operators in the region. Don was responsible for the roll-out of the first Asian GSM and DCS1800 networks and supported the GSM roll-out in Shanghai whilst with US Communications Group McCaw. His work at McCaw also led him to Indonesia and provided him the opportunity to deploy Asia's first IDEN network in Manila, Philippines.

“Don's 25 years of experience is a boost to TMI. Don brings with him significant experience in rapid network roll-out and implementing low cost business models to support the fast growing but very competitive markets, which are very relevant to TMI's footprint. With the RM4 billion to RM7 billion invested in technology every year, excluding operating costs, ensuring an effective and low-cost implementation is absolutely critical,” said Dato' Jamaludin Ibrahim, President and Group Chief Executive Officer TMI.

Yap Wai Yip - Group Financial Controller

A Chartered Accountant by profession, Yap Wai Yip has had over 20 years of experience in various Finance disciplines which includes Accounting, Finance Management, Planning, Treasury and Business Development.

Yap spent over 10 years at IBM where he was the Chief Accountant for the Asia Pacific region. Whilst there, he successfully oversaw the creation of IBM's largest internal shared accounting services centre which supported the entire Pacific region. The Centre provided end-to-end support for all the accounting processes supporting a revenue base of about USD15 billion and was the recipient of several awards including runner-up of best shared service leader in the Asia Pacific region in 2006. It also received an IBM patent award for a business process related to accounts payable.

Mostly recently, Yap was the Vice President, Accounting Management at Huawei Technologies responsible for managing seven of Huawei's worldwide Accounting Shared Services Centers (SSC). The business volume supported by these Centers is about US$22.6 billion in 2007; with a yearly growth of 20%~30%.

“TMI cannot grow rapidly without strong world-class financial and governance system and expertise to support us. Amongst other things, Yap brings with him extensive experience in establishing and managing regional operations, especially in IBM which is an MNC renowned for its accounting and control disciplines” added Dato' Jamaludin.

Moving Forward

With stakes and market leadership in some of the fastest growing countries in the region, TMI is working towards becoming the regional mobile champion by 2015. Since the demerger, TMI has begun to focus on organic growth through strengthened and broader roles for the corporate centre. With the new appointments, we are now well positioned towards developing centres of excellence and group initiatives to harness synergies across the Group.

“We are very excited with these new appointments. With both on board together with the recently recruited Group Chief Operating Officer, Group Chief Procurement Officer as well as the existing top management, we now have a very strong team. This reflects TMI's aspirations of having world class talent from within and externally, from established and well run MNCs.”

Commenting further on the appointments, Dato' Jamaludin concluded, “The Board welcomes these two additions. I look forward to working with them to chart a new course for TMI”.

About TMI

TMI is an emerging leader in Asian telecommunications with significant presence in Malaysia, Indonesia, Sri Lanka, Bangladesh and Cambodia. In addition, the Malaysian grown holding company has strategic mobile and non-mobile telecommunications operations and investments in India, Singapore, Iran, Pakistan and Thailand.

The Group's mobile subsidiaries and associates operate under the brand name ‘Celcom' in Malaysia, ‘XL' in Indonesia, ‘Dialog' in Sri Lanka, ‘AKTEL' in Bangladesh, ‘HELLO' in Cambodia, ‘Idea' and ‘Spice' in India, ‘M1' in Singapore and ‘MTCE' in Iran (Esfahan). Listed on Bursa Malaysia, TMI is among the top ten biggest public-listed companies in Malaysia by market capitalisation, with most of its listed subsidiaries also amongst the largest in their respective countries.

The Group's, including its subsidiaries and associates, has about 50 million mobile subscribers in Asia, putting it among the largest mobile telecommunication providers in the region by turnover. The Group has approximately 13,000 people under employment in ten countries.