|
|
Post by Macmoish on Nov 25, 2012 11:22:40 GMT
Forbes Kamarudin Bin Meranun Malaysia's Richest #18 Kamarudin Meranun Net Worth $495 million Source of Wealth airlines Age 49 Marital Status Married, 5 children Low-key deputy chief executive of AirAsia took over the discount carrier with No. 20 Tony Fernandes. The 2 invest together in almost all their businesses, from Tune Hotels to Tune Talk and Tune Money.  www.forbes.com/lists/2011/84/malaysia-billionaires-11_Kamarudin-Meranun_IRC5.htmlCaterham Kamarudin Meranun Co-Chairman, Caterham Group Dato' Kamarudin Bin Meranun has become one of Malaysia's most successful business tycoons, working alongside Tony Fernandes to make AirAsia a true phenomenon within and outside of the aviation industry. With an honours and masters degree in Finance, Kamarudin's career started at the end of the 1980s when he joined the Arab-Malaysian Merchant Bank, where he stayed from 1988 to 1993 as a Portfolio Manager, managing both institutional and high net-worth individual clients' investment funds. In 1994, he was appointed Executive Director of Innosabah Capital Management Sdn Bhd, a subsidiary of Innosabah Securities Sdn Bhd. He subsequently acquired the shares of its joint venture partner of Innosabah Capital Management Sdn Bhd, which was later renamed Intrinsic Capital Management Sdn Bhd. Kamarudin then sold a private music label to Warner Music and later joined forces with his long-serving business partner Tony Fernandes to co-found AirAsia, Tune Hotels and AirAsia X. He now holds the position of Deputy Group CEO of AirAsia and Deputy Team Principal of Caterham F1 Team. www.caterhamf1.com/team/management/kamarudin-meranun |
|
|
|
Post by Macmoish on Nov 25, 2012 11:23:12 GMT
Reuters
People: AirAsia Bhd (AIRA.KL)
Bin Meranun, Kamarudin
Brief BiographyDato' Kamarudin Bin Meranun serves as Non-Independent Non-Executive Director of AirAsia Bhd with effect from June 30, 2012. He has worked with Arab-Malaysian Merchant Bank and Innosabah Capital Management Sdn Bhd. He has acquired the shares of the joint venture partner of Innosabah Capital Management Sdn Bhd, which was later renamed as Intrinsic Capital Management Sdn Bhd. He received a diploma in Actuarial Science from University Technology Mara, Malaysia, and obtained a Bachelor of Science in Finance in 1986 and Master of Business Administration in 1987 from Central Michigan University, the United States. He is also the Chairman of the Employee Share Option Scheme Committee of the Board. in.reuters.com/finance/stocks/officerProfile?symbol=AIRA.KL&officerId=667873BUSINESS WEEK
Executive Profile*
Kamarudin Bin Meranun
Co-founder, Tune Group Sdn Bhd Age Total Calculated Compensation This person is connected to 22 board members in 5 different organizations across 7 different industries. See Board Relationships 52 -- Background* Dato' Kamarudin Bin Meranun co-founded Tune Group Sdn Bhd in 2001. Dato' Bin Meranun served as Group Deputy Chief Executive Officer of AirAsia Bhd from December 2005 to June 30, 2012 and also served as its President of Group Finance, Treasury, Corporate Finance & Legal until June 30, 2012. Prior to Airasia, he served at Arab-Malaysian Merchant Bank as a Portfolio Manager from 1988 to 1993, managed both institutional and high net-worth individual clients' investment funds. He subsequently acquired the shares of its joint venture partner of Innosabah Capital Management Sdn Bhd, which was later renamed Intrinsic Capital Management Sdn Bhd. He serves as a Director of Airspace Communications Sdn. Bhd. and AirAsia (B) Sdn Bhd. He has been a Non-Executive Director of Airasia Berhad since June 30, 2012. Dato' Bin Meranun served as a Director of Malaysian Airline System Bhd since August 11, 2011 and Executive Director of Airasia Bhd from December 12, 2001 to June 30, 2012. He served as Executive Director of Innosabah Capital Management Sdn Bhd since 1994, a subsidiary of Innosabah Securities Sdn Bhd. He received a Diploma in Actuarial Science from University Technology MARA (UiTM) and was named the 'Best Actuarial Student' by the Life Insurance Institute of Malaysia in 1983. He received a B.Sc. degree with Distinction (Magna Cum Laude) majoring in Finance in 1986, and an MBA in 1987 from Central Michigan University. investing.businessweek.com/research/stocks/people/person.asp?personId=6222757&ticker=AIRA:MKoard Members Memberships* Director AirAsia (B) Sdn Bhd Director Airspace Communications Sdn. Bhd. Member of the Board of Directors Queens Park Rangers Football & Athletic Club Limited 2006-Present Non Independent Non-Executive Director and Member of Remuneration Committee AirAsia X Berhad 2011-2012 Former Non Independent Non Executive Director and Member of Executive Committee Malaysian Airline System Bhd 2012-Present Non-Executive Director and Chairman of Employees Share Option Scheme Committee AirAsia Berhad Education* BS 1986 Central Michigan University MBA 1987 Central Michigan University Unknown/Other Education 1983 Universiti Teknologi Mara Other Affiliations* Malaysian Airline System Bhd Central Michigan University AirAsia Berhad Universiti Teknologi Mara AirAsia (B) Sdn Bhd AirAsia X Berhad Airspace Communications Sdn. Bhd. Queens Park Rangers Football & Athletic Club Limited investing.businessweek.com/research/stocks/people/person.asp?personId=6222757&ticker=AIRA:MK&previousCapId=8121724&previousTitle=SYMPHONY%20HOUSE%20BHD
|
|
|
|
Post by RoryTheRanger on Nov 25, 2012 11:23:54 GMT
Seeing him everywhere around QPR at the moment, much more than Tony is.
Never seen him not wearing some kind of cap, normally a red Air Asia one.
|
|
|
|
Post by Macmoish on Nov 25, 2012 11:27:03 GMT
Facebook Page www.facebook.com/pages/KAMARUDIN-MERANUN/109612279058572Yune Group Our Founders Dato' Kamarudin Meranun Dato' Kamarudin is the co-founder of Tune Group. He is also the Deputy Group Chief Executive Director of AirAsia since December 2001. Prior to joining Tune Group and AirAsia, Dato' Kamarudin worked in Arab-Malaysian Merchant Bank from 1988 to 1993 as a Portfolio Manager, managing both institutional and high net-worth individual clients' investment funds. In 1994, he was appointed Executive Director of Innosabah Capital Management Sdn Bhd, a subsidiary of Innosabah Securities Sdn Bhd. He subsequently acquired the shares of its joint venture partner of Innosabah Capital Management Sdn Bhd, which was later renamed Intrinsic Capital Management Sdn Bhd. Dato' Kamarudin received a Diploma in Actuarial Science from University Technology MARA (UiTM) and was named the "Best Actuarial Student" by the Life Insurance Institute of Malaysia in 1983. He received a B.Sc. degree with Distinction (Magna Cum Laude) majoring in Finance in 1986, and an MBA in 1987 from Central Michigan University. www.tunegroup.com/founders-kamarudin.html |
|
|
|
Post by Macmoish on Nov 25, 2012 11:31:38 GMT
|
|
|
|
Post by cpr on Nov 25, 2012 12:14:32 GMT
Simple answer. He is the axe man!
|
|
|
|
Post by Macmoish on Nov 10, 2013 12:24:18 GMT
Update The Star Online AirAsia’s Kamarudin made executive chairman under re-designation of key executives KUALA LUMPUR: Datuk Kamarudin Meranun has been appointed non-independent executive chairman of AirAsia under the group’s move to re-designate its key executives, which came into effect on Wednesday. The low-cost carrier said on Wednesday the re-designations also involved Datuk Aziz Bakar and Tan Sri Tony Fernandes. Kamarudin was the non-independent, non-executive director prior to the re-designation. He would take the lead in engaging with the government, aviation regulators and airport authorities in Malaysia. He replaces Aziz Bakar who remains on the board as a non-independent non-executive director. This appointment follows the practice of appointing a Tune Air representative as chairman and is effective from Wednesday. “Kamarudin has spent more than a decade building AirAsia into the world’s largest low-cost carrier and I look forward to the industry experience he will bring as chair of the Board,” said AirAsia Bhd CEO Aireen Omar. Aziz Bakar was re-designated non-independent, non-executive director. He was formerly the non-independent non-executive chairman. As for Fernandes, he was re-designated group chief executive officer and non-independent executive director. Prior to the re-designation, he was the non-independent non-executive director. The re-designation was after the recent merging of the regional office’s group functions back into AirAsia Bhd. “As group CEO, Fernandes will provide overall leadership to the group in driving brand value, reducing cost and driving efficiencies to improve performance of the airline and other affiliates within the AirAsia network including Thailand, Indonesia, the Philippines and soon to be India,” said AirAsia. Fernandes said the regional office set up in Jakarta as AirAsia Asean two years ago has achieved its objective in providing focused leadership to the group and guiding expansion within the region. “As such, we are merging most group functions back into AirAsia Bhd to ensure alignment within the core management team and to simplify the operation,” Fernandes said. With this change, Rozman Omar will also return to AirAsia Bhd as group chief financial officer where he will use his extensive experience in finance to develop a group-wide growth strategy that will create long-term value for shareholders. Andrew Littledale will continue as CFO of AirAsia Bhd. Kamarudin said the changes followed months of discussions between himself and Fernandes, and are aimed at sustaining AirAsia’s growth trajectory. Aireen remains CEO of AirAsia Bhd and will report to the chairman on regulatory and stakeholder management and to the group CEO on operational performance matters. www.thestar.com.my/Business/Business-News/2013/11/06/AirAsia-Kamarudin-made-executive-chairman-under-redesignation-of-key-executives.aspx |
|
|
|
Post by sharky on Nov 10, 2013 13:45:23 GMT
Tried to make sense of itvall but couldn't. What a tangled web we weave!!
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Nov 10, 2013 23:20:27 GMT
Simple answer. He is the axe man! or you could say he's the woodcutters son |
|
|
|
Post by londonranger on Nov 11, 2013 0:28:05 GMT
Cant fathom it..
|
|
|
|
Post by londonranger on Nov 11, 2013 0:28:12 GMT
Mystery
|
|
|
|
Post by londonranger on Nov 11, 2013 0:28:20 GMT
Its not the end, its not the beginning of the end. Its the end of the beginning.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Nov 11, 2013 2:36:18 GMT
Its not the end, its not the beginning of the end. Its the end of the beginning. Maude, have you changed your username  |
|
|
|
Post by Macmoish on Nov 11, 2013 10:12:50 GMT
|
|
|
|
Post by luckycharms on Nov 11, 2013 12:41:04 GMT
It's a non-story in actuality. I had written a long-ass post but no-one would wanna read the intricacy of race politics in Malaysia, on a QPR messageboard of all places, so I'll be brief. Utusan (the Transmission/the Message) is a daily newspaper which is nothing more than a propaganda mouthpiece of Malay racial extremism, Malay superiority ( fascism by another name), belief in the ruling party UMNO's right to rule Malaysia forever. In a country where Chinese, Indians and others make up almost 49% of the population, extreme far right views are often used by the ruling Malay UMNO party to garner enough votes to maintain their majority rule.
But with every General Election that majority is thinning. More urbanisation, greater wealth distribution, globalisation, a growing Malay Middle Class more concerned with making money than stupid racial slogans disguising corruption and nepotism, and the world wide web being available even in the villages mean that the population as a whole is becoming more aware, educated and progressive. As well as being more aware of their rights and when these are infringed upon. Uusan's popularity among the Malay readership has plummeted, to the point where you had the PM asking government departments to advertise in the paper or purchase it in bulk.
Like the Tea Party and Fox News, when support falls for their far-right messages they do'nt stop and change course, but double down on the crazy rhetoric. Which is what is happening in Malaysia. The recent general election saw the UMNO coalition return to power with the lowest majority in its history, so the fear-mongering about a race war has been more intense in the aftermath. Utusan and others lead the charge of xenphobia and racial extremism against anyone, even fellow Malays that question or criticise their demagoguery.
That's what happened here. Azran, CEO of Air Asia is a well-educated, wealthy centre-right Malay who was critical of Utusan on twitter. Capitalising on this, Utusan made a big deal about it and Din Meranum apologised to Utusan on behalf of AirAsia, leaving Azran hanging out to dry.
The implications are this: Utusan is a racist xenophobic paper that has in the past attacked Fernandes whenever he is deemed to be stepping over the line e.g. the MAS-AIRASIA share swap issue and the KLIA 2nd Terminal issue or when he calls for more meritocracy or more inclusiveness in Malaysian society. It is perplexing why Air Asia would rush to apologise to Utusan and fuel the fantasy of their editorial team that they are still relevant to the country's social discourse.
That's because to do business in Malaysia one needs a local component on the board of directors, (in other words all businesses have a Malay presence on their board. Doesn't matter if its just a token fool who has no idea what the business is about). This is where a lot of corruption and nepotism comes in. Din Meranum is viewed as the Malay face of Air Asia.
There is a lot of suggestion that Din is a proxy for the super-rich Malay politicians and elites that back Fernandes. He is their voice in Air Asia, their man. This was not a Fernandes move. He probably hated it, but rationalised it as good business.
TL:DR Kemaruddin apologises to racist Malay paper instead of supporting Air Asia CEO over twitter row. |
|
|
|
Post by Macmoish on Mar 15, 2014 12:21:19 GMT
Bump: One of other owners
(Our other is Ruben Emir Gnanalingam)
And of course, Mittal's 33%
* Unless they're any secret owners!
|
|
|
|
Post by Macmoish on Nov 8, 2014 8:40:29 GMT
Bump
|
|
|
|
Post by Macmoish on Jun 15, 2015 8:53:10 GMT
Bump
|
|
