Thursday 28 Mar 2024
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KUALA LUMPUR: MMC Corp Bhd has appointed former Petroliam Nasional Bhd (Petronas) president and chief executive officer (CEO) Tan Sri Shamsul Azhar Abbas as its independent and non-executive chairman, effective July 16, to replace Tan Sri Syed Abdul Jabbar Syed Hassan.

In a filing with Bursa Malaysia yesterday, MMC said Shamsul, 63, had also been appointed chairman of the nomination and remuneration committee, effective the same date.  

Shamsul was president and CEO of MISC Bhd from July 1, 2004 to Dec 31, 2008, and chairman from February 2010 to Aug 1, 2011. He chaired several subsidiaries of MISC and Petronas, and was a director of Star Energy Group plc, Petronas Lubricant Italy SPA, PSE Ireland Ltd, NCB Holdings Bhd, Bintulu Port Sdn Bhd and Bintulu Holdings Bhd.

He joined the Petronas group in 1975. He also chaired Petronas Carigali Sdn Bhd between Feb 10, 2010 and March 31, 2015.

Shamsul currently holds directorship in Enra Group Bhd, formerly Perduren (M) Bhd. He was appointed Enra Group’s independent and non-executive director on June 15.

In another filing, MMC announced the resignation of Syed Abdul Jabbar, 75, effective July 16, who will be retiring as non-independent and non-executive chairman. He is also chairman of Tradewinds (M) Bhd and Aliran Ihsan Resources Bhd.

MMC’s share price closed unchanged at RM2.50 yesterday, with a market cap of RM7.61 billion.

 

This article first appeared in The Edge Financial Daily, on July 7, 2015.

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