Sapura Energy names new chairman

Sapura Energy names new chairman

Highway concessionaire Projek Lintasan Kota Holdings group CEO Azlan Abdullah will take over from Shamsul Azhar Abbas from May 7.

Sapura Energy is currently in the midst of a restructuring exercise, having announced a loss of RM8.9 billion last year. (Sapura Energy pic)
PETALING JAYA:
Azlan Abdullah has been named chairman of Sapura Energy Berhad from May 7, succeeding Shamsul Azhar Abbas who is retiring.

In a statement by Sapura Energy, Shamsul said he was confident that his successor would be able to go through the company’s restructuring exercise and help it to emerge as a “stronger and sustainable entity”.

Azlan Abdullah.

Azlan, currently on the Sapura Energy board as a non-independent non-executive director since 2019, is the group CEO of highway concessionaire Projek Lintasan Kota Holdings Sdn Bhd, or ProLintas.

Before that, he was CEO of the New Straits Times Press (Malaysia) Berhad.

Sapura Energy, a government-linked company, announced a loss of RM8.9 billion last year. Opinion is split between politicians in the government and opposition if the company should be bailed out.

Former prime minister Najib Razak and opposition leader Anwar Ibrahim are set to have a debate over the Sapura Energy issue on May 12.

Stay current - Follow FMT on WhatsApp, Google news and Telegram

Subscribe to our newsletter and get news delivered to your mailbox.