Tony Fernandes steps down from all posts except Airasia, Airasia X
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AirAsia Group Bhd chief executive Tan Sri Tony Fernandes said today he is stepping down from all official board positions except AirAsia Group and AirAsia X Berhad to pave the way for new leaders to move up the company’s ranks.
On Twitter, Fernandes he made the first decision to step down as the first step in stepping back.
“As the first step of stepping back and moving the next generation of @airasia leaders into the forefront I will be stepping down of all boards except @airasia group and airasia X,” the tweet reads.
AirAsia X Berhad, operating as AirAsia X, is a long-haul budget airline based in Malaysia and a sister company of AirAsia.
Fernandes is listed as a non-independent non-executive director on the board of AirAsia X.
Last month, Fernandes was appointed as the chief executive of airasia.com, the low-cost airline’s travel and lifestyle e-commerce platform.
Questions & Answers
Q.Which specific board positions is Tony Fernandes stepping down from?
Which specific board positions is Tony Fernandes stepping down from?
Tony Fernandes is stepping down from all official board positions, with the stated exceptions being AirAsia Group and AirAsia X Berhad. This decision is intended to allow new leaders within the company to advance.
Q.What is the primary reason given for Tony Fernandes' decision to step back from some roles?
What is the primary reason given for Tony Fernandes' decision to step back from some roles?
The main reason provided is to pave the way for new leaders to move up within the company's ranks. Fernandes stated it is the first step in moving the next generation of AirAsia leaders to the forefront.
Q.What is AirAsia X Berhad, and what is Tony Fernandes' current role within it?
What is AirAsia X Berhad, and what is Tony Fernandes' current role within it?
AirAsia X Berhad is a long-haul budget airline based in Malaysia, and it is a sister company of AirAsia. Tony Fernandes is currently listed as a non-independent non-executive director on its board.
Q.Has Tony Fernandes recently taken on any new roles within the AirAsia family?
Has Tony Fernandes recently taken on any new roles within the AirAsia family?
Yes, last month Tony Fernandes was appointed as the chief executive of airasia.com. This platform is the low-cost airline’s travel and lifestyle e-commerce offering.
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