AirAsia Group CEO Tony Fernandes will step down from all his positions except AirAsia Group and AirAsia X.
In a Twitter post, he said the decision was taken to move up the next generation of AirAsia leaders, to the forefront.
“As the first step of stepping back and moving the next generation of AirAsia leaders to the forefront, I will be stepping down from all boards, except AirAsia Group and AirAsia X,” he said.
Last month, AirAsia announced a leadership reorganisation in support of its transformation into a travel and financial platform company, and build airasia.com into a lifestyle brand.
Fernandes doubles up as CEO of airasia.com – AirAsia’s travel and lifestyle e-commerce platform – with an eye to appointing a new CEO who will report to him in due course.
The reorganisation exercise includes Aireen Omar who has been appointed AirAsia Group president (RedBeat Ventures) and will head up the corporate venture capital arm.