Malaysia's Maxis Says CEO Morten Lundal Will Be Leaving When Contract Expires

By Yantoultra Ngui Features Dow Jones Newswires

KUALA LUMPUR, Malaysia--Malaysian mobile phone operator Maxis Bhd. (6012.KU) said on Friday Chief Executive Morten Lundal will be leaving upon the expiry of his contract on March 31, 2018.

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Maxis, which is controlled by Malaysian tycoon Ananda Krishnan, said its board will announce Mr. Lundal's successor in due course, according to a release filed with the local stock exchange.

Shares of Maxis ended Friday unchanged at MYR6.00 before the announcement. The benchmark stock index closed the day 0.01% lower.

Write to Yantoultra Ngui at yantoultra.ngui@wsj.com

(END) Dow Jones Newswires

November 03, 2017 05:46 ET (09:46 GMT)