Shamsul Azhar joins Enra Group board of directors


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KUALA LUMPUR (June 15): Enra Group Bhd, formerly Perduren (M) 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 director.

In a filing with Bursa Malaysia today, Shamsul, 63, has also been appointed as a member of the company's audit, nomination and remuneration committees effective immediately.

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 in Star Energy Group PLC, Petronas Lubricant Italy SPA, PSE Ireland Ltd, NCB Holdings Bhd, Bintulu Port Sdn Bhd and Bintulu Holdings Bhd.

He joined Petronas Group in 1975 and was its president and CEO prior to him stepping down on March 31 this year. He also chaired Petronas Carigali Sdn Bhd from Feb 10, 2010 to March 31, 2015.

As at 2:25pm, Enra Group (fundamental: 0.25; valuation: 1.1) shares were trading at RM2.05, a five sen or 2.5% increase, for a market capitalisation of RM271.19 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)