Sidek Hassan retires as chairman of Petronas
PETRONAS, Malaysia's national oil company (NOC) confirmed on Monday that Sidek Hassan has stepped down as chairman of its board.
Petronas stopped short of identifying Mr Sidek's successor though Malaysian media have earlier speculated that Hassan Marican - now chairman of Sembcorp Marine, Singapore Power and Pavilion Energy - may return to helm the NOC's board.
Mr Sidek retired as Petronas chairman on June 30, following the fulfilment of his extended three-year contract beginning July 1, 2015, Petronas said.
He was first appointed as Petronas chairman on July 1, 2012 after having spent 38 years in the civil service and retired as the 12th Chief Secretary to Malaysia's government.
Malaysia media had identified Mr Hassan as a potential successor to Mr Sidek. Mr Hassan has had a successful career as the longest-serving Petronas chief executive before he moved to Singapore to take board seats initially at Sembcorp Industries, Sembcorp Marine and Singapore Power.
He was appointed chairman of Singapore Power in 2012 and subsequently chairman of Pavilion Energy in 2013 and Sembcorp Marine in 2014.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil settles lower as US business activity cools, concerns over Middle East ease
Orsted says Taiwan wind project to power TSMC on track for 2025 finish
Gold edges down as Middle East worries ebb
Oil rises as dollar slips, focus shifts to economic data
California to wrap up ExxonMobil plastics probe ‘in weeks’, AG says
Gold edges higher; hovers near one-week low on tempered Middle East fears