KUALA LUMPUR (Sept 26): Bumi Armada Bhd has appointed Luke Christopher Targett as the company’s new chief financial officer (CFO) taking over from acting CFO Pierre Philippe Georges Savy, effective Oct 29.

In a statement accompanying the announcement to Bursa Malaysia today, Bumi Armada said Pierre, 59, who helmed the group as acting CFO over the last two years, will take on a new role as special advisor to the chief executive officer’s (CEO) office.

“(He will) continue to utilise his 30-plus years of experience in the oil and gas industry,” it said.

Bumi Armada said Luke will be responsible for leading Bumi Armada’s current operations and growth trajectory through financial management & reporting, corporate strategy, budget, treasury & capital management, financial risk management, investors’ relations, communication and sustainability.

“Luke has more than 30 years’ experience in financial advisory roles which include restructuring, merger & acquisition, pre-lending reviews, transaction advisory, independent business reviews and non-performing loan management in numerous jurisdictions including London, Singapore, Indonesia, Myanmar and Thailand,” it added.

Bumi Armada’s executive director and CEO Leon Harland said the board and the management team is looking forward to work with Luke.

“Luke brings with him a combination of skills and experience which we feel will strengthen and develop the financial position of the group.

“I also like to thank Pierre for his hard work over the last two years and I look forward to continuing to work with him and tapping on his knowledge and experience, in his new role,” he said.

Prior to joining Bumi Armada, Luke was a Partner at Cor Cordis, an Australian national business advisory firm in Melbourne.