Mohammed Rashdan bin Mohd Yusof was also re-designated as an Executive Director of the Company being seconded from Khazanah Nasional Berhad. These appointments will be effective from 9 August 2011. The Board also announced the appointment of Tan Sri Anthony Francis Fernandes and Dato’ Kamarudin Meranun as Non-Independent Non-Executive Directors of the Company effective 11 August 2011.

The Board announced the resignations of Dato’ N. Sadasivan a/l N.N. Pillay, Keong Choon Keat, Datuk Seri Panglima Mohd Annuar bin Zaini, Datuk Amar Mohamad Morshidi bin Abdul Ghani, Datuk Sukarti bin Wakiman and Martin Gilbert Barrow as Independent Non-Executive Directors of the Company effective 7 and 8 August 2011. The Board also announced the resignation of Managing Director, Tengku Dato’ Sri Azmil Zahruddin bin Raja Abdul Aziz, effective 9 August 2011. Tengku Azmil will be leaving MAS to join Khazanah Nasional Berhad as Executive Director, Investments effective 12 September 2011.

MAS Chairman Tan Sri Md Nor Yusof said: “I would like to record my thanks to Tengku Azmil for his contribution and services to the Company for the last 7 years, initially as a Non-Executive Director, later on as an Executive Director / Chief Financial Officer and finally as Managing Director/ Chief Executive Officer. Tengku Azmil made a significant contribution in the company’s transformation during his tenure as both CEO and CFO.

I would also like to thank Dato’ N. Sadasivan a/l N.N Pillay, Keong Choon Keat, Datuk Seri Panglima Mohd Annuar bin Zaini, Datuk Amar Mohamad Morshidi bin Abdul Ghani, Datuk Sukarti bin Wakiman and Martin Gilbert Barrow for their immense contributions as Directors. This is a passing of the baton to our new directors, all of whom are immensely qualified and will bring a diverse set of management experience to our Board.”

The Board also announced the establishment of an Executive Committee (“EXCO”) to be chaired by Tan Sri Md Nor Yusof. The EXCO will comprise of Datuk Mohamed Azman Yahya, Mohammed Rashdan bin Mohd Yusof, Tan Sri Anthony Francis Fernandes and Dato’ Kamarudin Meranun. The EXCO will oversee the management of the Company until such time a new Managing Director is appointed.