XL Axiata (EXCL) has announced the new leadership for XLSmart Telecom Sejahtera Tbk, following its merger with PT Smartfren Telecom Tbk (FREN) and PT Smart Telecom (Smart Tel/ST). As per the March 21, 2025, announcement, Arsjad Rasjid, President Director of PT Indika Energy Tbk, will serve as the President Commissioner of XLSmart.

Vivek Sood, Group CEO of Axiata Group, joins as a commissioner, along with L. Krisnan Cahya, Nik Rizal Kamil, Sean Quek, and David R. Dean. The new board’s executive team will be led by Rajeev Sethi, who will remain as President Director. Sethi, a veteran in the telecom industry and an alumnus of London Business School, will continue to lead the company through this transition.

The newly appointed directors include David Arcelus Oses, Yessie D. Yosetya, Feiruz Ikhwan, Antony Susilo, Shurish Subbramaniam, Merza Fachys, Andrijanto Muljono, and Jeremiah Ratadhi Setiadharma.

XLSmart will seek shareholder approval for the new board during the Extraordinary General Meeting (RUPSLB) on March 25, 2025. The meeting will also address a proposal for a final dividend payout of USD 70 million (IDR 1.1 trillion), translating to IDR 85 per share. The merger is expected to be finalized on April 16, 2025.

With the merger complete, XLSmart Telecom aims to further strengthen XL Axiata's position in the telecommunications market. The new leadership team is set to drive the company’s growth in a competitive industry.

PHOTO: TRIBUNNEWS

This article was created with AI assistance.