PETALING JAYA: After helming Sapura Energy Bhd for 25 years, president and group chief executive officer Tan Sri Shahril Shamsuddin will be calling it a day on March 22 next year upon reaching the retirement age of 60.
He will be passing the baton after ensuring the group remained agile and resilient during the difficult operating conditions currently and sustaining the progress from its comprehensive transformation plan.
The board has appointed Datuk Mohd Anuar Taib, 52, (pic below) as chief operating officer and CEO designate effective Oct 1, as part of a six-month transition.
He was appointed independent and non-executive director of Sapura Energy last month.
In a message to the group’s employees, Shahril said the energy industry is moving towards sustainable sources and Sapura Energy has all the ingredients to remain relevant and competitive in the new landscape.
“At the same time, we will continue enhancing our productivity through the comprehensive optimisation plan initiated in FY2020.
“We have identified about 190 initiatives worth RM1.1bil to execute over the next 12 months. We have put in place systems and processes to help us sustain consistency, efficiency and value in our operations.
“These efforts have shown good progress and we cannot afford to lose momentum. Anuar and I will work together to ensure these efforts continue.
“Please provide him your utmost support, with the values that Sapura stands for – acting with trust, honesty and respect and operating with agility, professionalism and uncompromising safety, ” Shahril said.
He founded Sapura Energy in the mid 1990s, building the group from its humble beginnings as a diving contractor into the global integrated oil and gas company that it is today.
Chairman Tan Sri Shamsul Azhar Abbas said under Shahril’s leadership, the group has grown from a domestic focused player into a renowned global oil and gas company serving the entire upstream value chain.
“This includes becoming a regional independent oil company via SapuraOMV, with net resources in excess of 260 million barrels of oil equivalent (MMboe), serving a significant part of Malaysia’s natural gas requirement.
“Shahril’s legacy will be the group’s highly skilled and technically capable multinational human capital, strategic world-class assets, sound processes and strong project management capabilities, ” Shamsul said.
Anuar was formerly the executive vice-president of Petroliam Nasional Bhd (Petronas) and the CEO of the group’s upstream business.
At the national oil company, he was instrumental in improving the delivery of capital projects, reduction in operating costs and the set-up of the successful low-cost and marginal field subsidiary Vestigo Petroleum.
Prior to his stint in Petronas, Anuar served Sarawak Shell Bhd for 22 years where he rose to the position of chairman of Shell Companies in Malaysia in 2010.
He holds a Master of Business Administration in International Management from the RMIT University, Australia and a Bachelor of Science in Engineering (Mechanical) from Case Western Reserve University, in the United States.
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