KUALA LUMPUR (Dec 31): Sapura Energy Bhd has appointed Abdul Jalil Abdul Rasheed as its non-independent and non-executive director, effective Jan 1.
He succeeds Datin Paduka Kartini Abdul Manaf, who stepped down today after serving the board since April 2019.
Abdul Jalil is the president and group CEO of Permodalan Nasional Bhd (PNB). PNB and its associated funds collectively own a 40% stake in Sapura Energy.
Prior to his PNB appointment on Oct 1, 2019, Abdul Jalil was the CEO of the South Asian operations of US-based fund management company Invesco in Singapore.
Abdul Jalil holds a degree in accounting and finance from the London School of Economics & Political Science.
He started his career as a graduate trainee at Aberdeen Standard Investments in London, rising through the ranks to become Investment Manager and Head of Equities, before eventually becoming CEO of Aberdeen Islamic Asset Management in Kuala Lumpur, prior to joining Invesco in 2013.
Sapura Energy said Abdul Jalil’s appointment will add to the diversity of skills on the board of the company and brings deep capital markets knowledge, a varied set of competencies and understanding of various industries from managing large international funds, and a passion to envision a bright future for the company.
“We welcome Abdul Jalil to his new role, and look forward to him bringing his skills and experiences to enhance the board’s deliberations.
“We would also like to express our appreciation to Datin Paduka Kartini for being an extremely supportive member of the board. It has been a privilege for us to work with her,” said Datuk Hamzah Bakar, chairman of Sapura Energy.
Sapura Energy’s share price closed unchanged at 27 sen today, valuing the group at RM4.30 billion.
The group saw some 46.55 million shares traded, making it the fourth most active counter on Bursa Malaysia.
Sources: theedgemarkets.com
