From the Business Times – Picking PETRONAS’ new helmsman


Taken from the Business Times, dateline 2010-02-01:

Current chief likely to be replaced by Shamsul Azhar Abbas who has headed almost all departments in the company

By S JAYASANKARAN

KL CORRESPONDENT

FOR the sake of continuity and for planning purposes, the reappointment of a chief executive of an important Malaysian government-linked company is generally announced way before his contract expires.

This was manifest in the reappointment of Azman Mokhtar as managing director of state investment agency Khazanah Nasional last week. Mr Azman’s three-year contract expires only in June.

By the same token, it appears that Hassan Merican will almost certainly not be reappointed to helm national oil corporation Petroliam Nasional, or Petronas, Malaysia’s only Fortune 500 company that he has headed since 1995. Mr Hassan’s contract expires on February 8 – in slightly more than a week – and all that’s been heard about his future is a deafening silence.

This entry was posted on Tuesday, February 2nd, 2010 at 6:00 am and is filed under Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a comment