Sapura Energy founder Shahril Shamsuddin retires

Sapura Energy founder Shahril Shamsuddin retires

The company began as a diving contractor and grew into a global integrated energy group.

Sapura Energy founder Shahril Shamsuddin turned it to a multinational company capable of competing and winning on the global stage. (File pic)
KUALA LUMPUR:
Sapura Energy founder Shahril Shamsuddin retires today as its president and group chief executive officer and will be succeeded by independent director Mohd Anuar Taib, who takes over the helm from tomorrow.

Mohd Anuar, who joined the company in August 2020, was appointed chief operating officer and CEO-designate in October under Sapura Energy’s succession plan announced last year, ahead of Shahril reaching the retirement age of 60.

Company chairman Shamsul Azhar Abbas said Shahril’s vision and determination turned Sapura Energy into a Malaysian multinational company capable of competing and winning on the global stage.

He said Shahril’s leadership enabled the group to grow from a domestic focused player into a renowned energy company serving the entire upstream value chain, and his foresight set the foundation for the group to progress beyond oil and gas into renewables.

Shahril founded Sapura Energy in the mid-1990s, building the group from its beginnings as a diving contractor into the global integrated energy company.

The group has a presence in more than 20 countries, with an international workforce of more than 11,000 people in 12 operating centres across the globe. Malaysians make up about 86% of its talent pool.

Sapura Energy has contributed about RM89 billion to the Malaysian economy over the last five years, with more than RM15 billion worth of works awarded to local vendors.

In the last three years, the group repatriated home more than US$2 billion in foreign currencies.

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