KUALA LUMPUR (May 5): Astro Malaysia Holdings Bhd’s board has been bolstered by the addition of two new independent non-executive directors, namely Tunku Ali Redhauddin ibni Tuanku Muhriz and Nicola Mary Bamford, according to its filings on Thursday (May 5).
Astro said that the new appointments will take effect from Friday (May 6).
According to Astro’s filing with Bursa Malaysia, Tunku Ali, 45, is currently the independent chairman of Bumi Armada Bhd and Taliworks Corp Bhd, while also holding directorships at Bank Negara Malaysia (BNM)-regulated Bangkok Bank Bhd and Sun Life Malaysia Assurance Bhd.
The filing also showed that the Cambridge and Harvard-educated Tunku Ali is currently a senior advisor to global private equity firm, TPG Capital, sitting on the boards of several TPG portfolio companies including CVS KL, Pathology Asia Holdings and Columbia Asia. He is also a partner at Vynn Capital, an early-stage venture capital investment firm.
Meanwhile, Bamford, 56, who is a Cambridge- and Harvard-educated, comes with extensive international television-related media experience.
Astro said her last role was as chief executive officer of international operations at Endemol Shine Group, where she was responsible for the financial and operating performance of its companies in Iberia, France, Italy, Israel, India, China and Russia, working closely with joint venture partners in India, Israel and Russia.
Bamford was also previously at Sky, leading the team in assessing opportunities for over-the-top (OTT) expansion beyond its direct-to-home (DTH) footprint which led to the launch of Sky Spain in 2017 and before that, managing Sky UK's transactional video on demand (TVOD) and electronic sell-through (EST) business, the filing read.
“She re-joined Sky after holding senior roles at Tata Sky in India and Sky Deutschland, having been Director of Channels and Operations at Sky UK. Nicola worked for News Corp in the US and Disney in the UK, post business school,” added Astro.
Astro shares closed one sen or 1% lower at 99 sen on Thursday, valuing the media group at RM5.16 billion based on 5.21 billion outstanding shares. Astro shares have gained 4.21% year to date.
Source: TheEdge - 6 May 2022
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