Thursday 28 Mar 2024
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Datuk Iain Lo. Filepix by optionstheedge.com

KUALA LUMPUR (April 30): Sapura Energy Bhd has appointed Datuk Iain Lo and Bernard di Tullio to its board of directors, effective May 1.

Lo will join the board as an independent and non-executive director, the group said in a statement today.

He had recently retired as chairman of Shell Malaysia and has three decades of experience in Shell’s exploration and production, gas and downstream businesses, both in Malaysia and abroad, it added.

Sapura Energy said di Tullio, who had served as the president and chief operating officer of Technip Group Worldwide from 2005 to 2011, will join its board as a non-independent and non-executive director.

Bernard di Tullio. Photo credit: ditullio-and-sons.com

He had spent 39 years in Technip, including nearly 25 years in Malaysia, the group said.

Sapura Energy has also appointed Datuk Mohd Anuar Taib as executive director, by virtue of his role as group CEO.

Datuk Mohd Anuar Taib. Photo credit: sapuraenergy.com

Anuar, a former Petroliam Nasional Bhd (Pertronas) vice president and upstream CEO, joined Sapura Energy as an independent director in August 2020.

He was named as the group's chief operating officer and CEO-designate in October 2020, and took over the CEO's post on March 23, following the retirement of Sapura Energy founder Tan Sri Shahril Shamsuddin.

Sapura Energy founder Tan Sri Shahril Shamsuddin. Photo credit: sapuraenergy.com

Meanwhile, Sapura Energy said in a bourse filing that Shahril had ceased to be a non-independent and non-executive director of the group, following his retirement as its CEO and president.

Non-independent and non-executive director Syed Ali Syed Salem Alsagoff has also resigned from his post today, the group said in a separate filing, citing a “change of nominee director by major shareholder”. Syed Ali was Permodalan Nasional Bhd’s nominee director.

Syed Ali Syed Salem Alsagoff. Photo credit: sapuraenergy.com

Shares in Sapura Energy finished unchanged at 13.5 sen today, valuing the group at RM2.16 billion. It saw 76.76 million shares traded.

Edited ByS Kanagaraju
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