NAJIB COMPLIANT MAN TO TAKE OVER? SHAMZUL AZHAR TO RESIGN AS PETRONAS CHAIRMAN
KUALA LUMPUR: Petronas Gas Bhd Chairman Tan Sri Shamsul Azhar Abbas, 64, will resign from the company on Jan 1, 2017, after helming the company for about a year, the company announced in a filing to Bursa Malaysia.
Petroliam Nasional Bhd (Petronas) Executive Vice-President and Chief Executive Officer (Upstream) Datuk Anuar Taib, 48, would succeed Shamsul who has expressed intention to resign due to time constraint as he currently served on the board of various Malaysian and overseas companies.
Anuar, 48, joined Petronas in 2012 as Chief Executive Officer of Petronas Development and Production before subsequently promoted to Senior Vice-President of Petronas Upstream Malaysia.
Petronas Gas also announced the resignation of non-independent and non-executive director Datuk N. Sadasivan Pillay, 75, effective Jan 1, 2017.
The former Malaysian Industrial Development Authority Director-General (1984-1995) had expressed intention to resign after being a director of the company for more than 20 years.