Capital A Berhad has announced the appointment of Evendi Shahul Hamid as Deputy CEO, effective from April 6, 2026. This decision is part of the company's efforts to enhance its leadership as it enters a new growth phase, aiming to expand its operations and achieve further innovations across various sectors.
In a statement, Tony Fernandes, CEO of Capital A, emphasized that Evendi has a proven track record of achievements, possessing the ability to understand how to create value within the ecosystem, along with his capability to unify teams to achieve clear goals and tangible performance. He noted that the company looks forward to accelerating its growth across all business areas, supported by digital innovation, and that Evendi brings with him a deep perspective and extensive experience that will aid in achieving this.
Details of the Appointment
This move follows the divestment of aviation-related businesses that took place in January 2026, where Capital A sold part of its operations to AirAsia X. After this step, Capital A is focusing on developing and expanding its core business portfolio, which includes a range of sectors such as digital engineering in Asia (MRO), Telepor (logistics), AirAsia Move (mobility and travel platform), AirAsia Next (brand management and intellectual property), and Sentan (food and beverage).
Commenting on his appointment, Evendi expressed his excitement about returning to a learning phase, where he will work closely with the CEOs of all Capital A and AirAsia X entities to create and maximize available business potentials. He also indicated that he intends to leverage his financial sector experience to propose relevant initiatives for the group.
Background & Context
Capital A Berhad was established as part of efforts to enhance innovation and growth in the aviation and logistics sector. Over time, the company has managed to expand its operations to encompass multiple areas, reflecting rapid market changes and customer needs. Evendi Shahul Hamid, who has over two decades of leadership experience at the regional level, has contributed to the development of numerous strategic initiatives in banking and digital transformation.
Throughout his 21-year career at the CIMB Group, Evendi led several major projects, including the digital transformation of the Touch ‘n Go program, which has become one of the leading digital payment platforms in the region. This background reflects his ability to tackle complex challenges and deliver innovative solutions.
Impact & Consequences
The appointment of Evendi Shahul Hamid is a strategic move that reflects Capital A's desire to enhance its competitive capabilities in the market. With an increasing focus on digital innovation, Evendi is expected to guide the company towards achieving its ambitious goals for expansion and growth. His experience in developing strategic partnerships will also assist the company in building strong relationships with various stakeholders.
This appointment comes at a critical time as companies worldwide face significant challenges due to economic and technological changes. Therefore, having a figure like Evendi in leadership may help Capital A adapt to these changes and achieve sustainable success.
Regional Significance
The Middle East and North Africa region is considered a promising market in the aviation and logistics sector, witnessing accelerated growth in demand for digital services. The appointment of Evendi Shahul Hamid at Capital A may open new horizons for collaboration and partnerships with Arab companies in this sector. Additionally, Evendi's expertise in digital transformation could be beneficial for Arab companies seeking to enhance their competitive capabilities.
In conclusion, the appointment of Evendi Shahul Hamid represents an important step for Capital A in its pursuit of growth and innovation. Given the challenges facing companies today, strong leadership and extensive experience will significantly impact the company's future.