PT XLSMART Telecom Sejahtera Tbk (XLSMART) has appointed Thomas Hundt as Commissioner, replacing Vivek Sood following approval at an Extraordinary General Meeting of Shareholders (EGMS) in Jakarta on October 12, 2026 (12/10). The meeting also accepted Sood's resignation, effective at the close of the EGMS.

XLSMART Approves Board of Commissioners Change

The change in the Board of Commissioners is intended to strengthen corporate governance and improve the effectiveness of the company's oversight function. It also supports management continuity and the implementation of XLSMART's strategic direction.

The appointment of Hundt took effect at the close of the EGMS on October 12, 2026, and will continue until the end of the Board of Commissioners' term at the close of the Annual General Meeting of Shareholders for the 2029 financial year.

Shareholders expressed appreciation for Sood's performance and contributions during his tenure. They also approved a full release and discharge of responsibility (acquit et de charge) for actions he took as Commissioner from January 1 to October 12, 2026.

The release applies to actions reflected in the company's books, including its financial statements to be subsequently approved at the Annual General Meeting of Shareholders for the 2026 financial year, and does not cover actions construed as criminal.

The board change was conducted in accordance with the company's Articles of Association and applicable regulations governing the boards of directors and commissioners of issuers and public companies. Under these provisions, the General Meeting of Shareholders has the authority to appoint and dismiss members of the Board of Commissioners through resolutions.

Thomas Hundt's Telecommunications and Technology Experience

Hundt, 49, is a German national with experience in telecommunications, technology, corporate development, business strategy, large-scale network transformation, and operational management.

Since April 2025, he has served as Group Chief Business & Technology Officer at Axiata Group. He previously held the position of Group Chief Strategy & Technology Officer from October 2021, helping align business and technology across the group and supporting technology development, operational performance, and long-term readiness across Axiata's operating companies.

Before taking on his group-level position, Hundt became the founding CEO of Smart Axiata in Cambodia in mid-2008. Over approximately 14 years, he led the company's development from a greenfield operation into a market leader.

During his time at Smart Axiata, Hundt led several industry consolidation initiatives, including the acquisition of Star-Cell in 2011 and the merger with Hello Axiata in 2013.

He also held senior leadership positions at Siemens AG and Nokia Siemens Networks, where he gained experience in communications infrastructure, network operations, and large-scale transformation programs. In addition, he served on the Supervisory Board of Azerfon in Azerbaijan.

XLSMART Board of Commissioners Composition

Following the EGMS resolution, XLSMART's Board of Commissioners comprises nine members, including the newly appointed Commissioner, Thomas Hundt. The composition as of October 12, 2026, is as follows:

• President Commissioner: Arsjad Rasjid
• Commissioner: Nik Rizal Kamil
• Commissioner: Lay Krisnan Cahya
• Commissioner: Thomas Hundt
• Commissioner: Sean Quek
• Commissioner: David R. Dean
• Independent Commissioner: Retno Marsudi
• Independent Commissioner: Robert Pakpahan
• Independent Commissioner: Willem Lucas Timmermans

The EGMS also authorized the company's Board of Directors, acting individually or jointly and with the right of substitution, to take the necessary actions to implement the meeting's resolutions.

These actions include appearing before a notary or relevant government authorities, conducting discussions, providing or requesting information, and preparing or instructing the preparation of and signing the required deeds or documents.

XLSMART stated that the change in the Board of Commissioners' composition supports corporate governance, strengthens the effectiveness of oversight, and maintains management continuity to support long-term value creation for shareholders and other stakeholders.

PHOTO: XLSMART

This article was created with AI assistance.

We make every effort to ensure the accuracy of our content, some information may be incorrect or outdated. Please let us know of any corrections at [email protected].