Sapura Energy founder Shahril Shamsuddin to step down in March, Anuar Taib to take over

KUALA LUMPUR: Sapura Energy Bhd president and group chief executive officer (CEO) Tan Sri Shahril Shamsuddin will step down on March 22 next year.

In a filing to Bursa Malaysia today, the company said it had appointed Datuk Mohd Anuar Taib as chief operating officer and CEO-designate effective from October 1 as part of a six-month transition.

Anuar was Petroliam Nasional Bhd executive vice president and CEO of upstream.

He was appointed independent and non-executive director of Sapura Energy, which counts Permodalan Nasional Bhd as its largest shareholder, last month.

Shahril founded Sapura Energy in mid-1990’s, building the group from its humble beginnings as a diving contractor, into the global integrated oil and gas company that it is today.

“Under his leadership, Sapura Energy has grown from a domestic focused player into a renowned global oil and gas company serving the entire upstream value chain.

“This includes becoming a regional independent oil company via SapuraOMV, with net resources in excess of 260MMboe (million barrels of oil equivalent), serving a significant part of Malaysia’s natural gas requirement,” said Sapura Energy chairman Tan Sri Shamsul Azhar Abbas in a statement.

He added that Shahril’s legacy would be the group’s highly skilled and technically capable multinational human capital, strategic world-class assets, sound processes and strong project management capabilities.

Sapura Energy closed 0.05 sen higher today or 4.35 per cent, to 12 sen.

Source: NST