In brief
AirAsia Aviation Group says Riad Asmat will join its Board of Advisors as he leaves his role as chief executive of AirAsia Berhad, also known as AirAsia Malaysia, effective 31 December 2023. Asmat will remain on the boards of AirAsia Berhad and Ground Team Red, and will provide consultancy services to Capital A Aviation Services. The group’s CEO, Bo Lingam, thanked Asmat for his leadership and said operations would continue as usual during the change. Lingam said the company expects a smooth transition while a new CEO is appointed. Asmat became AirAsia Berhad CEO on 10 January 2018 and was responsible for the company’s Malaysia-based operations. The release says further updates about group restructuring and personnel will come later.
Key takeaways
- Riad Asmat is joining AirAsia Aviation Group’s Board of Advisors as he leaves the AirAsia Berhad CEO role.
- His departure from the CEO position takes effect on 31 December 2023.
- Asmat will continue serving on the boards of AirAsia Berhad and Ground Team Red.
- AirAsia says operations will continue as usual while a new CEO is appointed.
SEPANG, December 30, 2023 -- AirAsia Aviation Group today announces the appointment of Riad Asmat to its Board of Advisors, as he relinquishes his position as the Chief Executive Officer of AirAsia Berhad (AirAsia Malaysia) effective 31 December 2023.
Riad, through his strategic vision and profound leadership, has played a crucial role in navigating the airline through the challenges posed by the COVID-19 pandemic. His leadership has been instrumental in not only sustaining the airline during these unprecedented times but also in positioning it for a promising future in the post-pandemic landscape.
Riad will also continue to be on the Board of AirAsia Berhad and Ground Team Red, apart from providing consultancy work for Capital A Aviation Services.
Riad Asmat, former AirAsia Malaysia CEO said: “I am proud to have been given the opportunity to work with AirAsia and the amazing Allstars. This was not an easy decision considering how each and every one truly meant to me as my airline family throughout this very meaningful journey in my life. Thank you Datuk Kamarudin, Tony, Bo and all our Allstars for the undying support given to me throughout my tenure and I am forever grateful. While stepping down as CEO, I am looking forward to continue supporting the company in it’s next chapter.”
Bo Lingam, Group CEO of AirAsia Aviation Group said: “We extend our deepest appreciation to Riad for his outstanding leadership and remarkable contributions to AirAsia Group. While Riad has decided to step down from the CEO position, he will remain an integral part of AirAsia by joining the Board of Advisors. All our operations will continue as usual, unaffected by this transition. We look forward to continuing our journey with his guidance and have full confidence in the capable hands of the team while ensuring a smooth transition when the new CEO is appointed.”
Riad was appointed AirAsia Berhad CEO on 10 January 2018 and was responsible for the management of the company's Malaysia-based operations.
AirAsia will be announcing additional updates on the restructuring of the company and personnel within the group in due course.
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Questions around this news
What role will Riad Asmat take on after leaving the AirAsia Malaysia CEO position?
Riad Asmat is joining AirAsia Aviation Group’s Board of Advisors. He will also remain on the boards of AirAsia Berhad and Ground Team Red, and provide consultancy work for Capital A Aviation Services. The release says he plans to continue supporting the company as it moves into its next chapter.
When does Riad Asmat leave his CEO role, and when did he become CEO?
Riad Asmat’s departure from the AirAsia Berhad (AirAsia Malaysia) CEO position takes effect on 31 December 2023. The release says he was appointed CEO on 10 January 2018 and was responsible for managing the company’s Malaysia-based operations.
Has AirAsia announced who will replace Riad Asmat as CEO?
The release does not name a successor. Bo Lingam said the group would ensure a smooth transition when a new CEO is appointed. It also says AirAsia plans to provide further updates about restructuring and personnel within the group at a later time.
What does a board of advisors generally do?
A board of advisors is a group that offers an organization guidance and expertise. Unlike a formal board of directors, it generally does not have the same governing authority or fiduciary responsibilities. Its members may advise leaders on strategy, operations, or other topics, depending on the organization’s arrangements.
