Sembcorp Marine appoints Yap Chee Keong as independent director, deputy chairman

SEMBCORP Marine (Sembmarine) S51 announced on Wednesday (Dec 8) the appointment of Yap Chee Keong as independent director with effect from the day itself.

In a bourse filing, the marine and offshore engineering group said Yap has also been appointed as deputy chairman of its board, as well as a member of the board's executive committee.

Yap is a former executive director of The Straits Trading Company and chief financial officer at Singapore Power, and used to serve on the board of Singapore's Accounting and Corporate Regulatory Authority (Acra).

He was also a member of Acra's Public Accountants Oversight Committee and a member of the working group convened by the Monetary Authority of Singapore (MAS), Singapore Exchange (SGX) and Acra to review the guidebook for audit committees in Singapore.

On top of that, he was also involved in a panel convened by MAS, SGX, Acra and the Singapore Institute of Directors to formulate guidelines for board risk committees.

Yap currently sits on the boards of several companies, including Sembcorp Industries, Shangri-La Asia, Olam International, Mediacorp, Ensign InfoSecurity, PIL and Aviva Singlife Holdings.

Shares of Sembmarine closed up 1.2 per cent or S$0.001 at S$0.084 on Tuesday (Dec 7).