This day comes earlier than expected since some local funds bought in overflowing stakes from foreign substantial shareholders. The success of the smallest telco players among TM, Maxis and Digi, in terms of market capitalization really humiliate these so called government controlled, locally funded big corporations. Liberalization of public corporate entities is still a long way to go as long as NEP is in legal practice. What's next for the origin of Yellow Man? Emmm, it shall turns DARK BROWNISH (skins?), PUN INTENDED. Anyway, he's smart to throw Digi stakes at relatively high price to "innocent" GLC linked funds. Why he cares if the prices slumped back to RM5? Laughing all the way back to Norway.
This is a typical story ending of successful foreign investments in Malaysia. Sad and Happy.
Change in Chief Executive Officer
Reference No CC-080211-41104
Company Name : DIGI.COM BERHAD
Stock Name : DIGI
Date Announced : 12/02/2008
Date of change : 31/03/2008
Type of change : Resignation
Name : MORTEN LUNDAL
Age : 43
Nationality : Norwegian
Qualifications : 1) Masters Degree in Science from the Norwegian School of Management (BI)
2) Master of Business Administration from IMD (International Institute of Management Development) in Lausanne, Switzerland.
Working experience and occupation : Mr Morten Lundal was appointed as the Chief Executive Officer of DiGi.Com Berhad Group on 26 July 2004.
He was previously the senior vice president for strategy and business development in Telenor since January 2003. Prior to this, he was responsible for all Telenor's activities in the business market as the Chief Executive Officer of Telenor Business Solutions. From 1997 to 2001, Mr Lundal was the Chief Executive Officer of Telenor's internet business area.
Mr Lundal has wide management consulting experience from both the Norwegian and international markets prior to joining Telenor in 1997.
Directorship of public companies (if any) : Nil
Family relationship with any director and/or major shareholder of the listed issuer
: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries
: Nil
Remarks
Mr Morten Lundal's resignation as Chief Executive Officer of DiGi.Com Berhad Group will be effective 31 March 2008. His assignment contract from Telenor to DiGi is expiring soon and he has chosen to pursue new opportunities outside of the Telenor Group.
© 2008, Bursa Malaysia Berhad. All Rights Reserved.
