Sapura Energy appoints PNB’s Abdul Jalil as chairman

KUALA LUMPUR: Sapura Energy Bhd has appointed Abdul Jalil Abdul Rasheed as its chairman, succeeding Datuk Hamzah Bakar effective Feb 1, 2020.

Abdul Jalil was appointed as president and chief executive of Permodalan Nasional Bhd (PNB) on Oct 1, 2019 and was subsequently appointed as director of Sapura Energy on Jan 1, 2020. Sapura Energy is one of PNB’s key strategic companies, in which PNB and its associated funds collectively own a 40% stake.

During the special board of directors’ meeting of Sapura Energy on Wednesday, the board approved Sapura Energy’s business plan, and Abdul Jalil had a discussion with the outgoing chairman to ensure a smooth transition of board leadership and drive the execution of the business plan.

Hamzah has had a long relationship with Sapura, going back to July 4, 2003 when he was appointed as a board member of SapuraCrest Petroleum. On Dec 9, 2011, he joined the board of Sapura Energy as chairman.

During the meeting, the board had also approved the appointment of Syed Ali Syed Salem Alsagoff, a nominee director of PNB, as director of Sapura Energy effective Feb 1, 2020.

Prior to joining PNB, Abdul Jalil had been the CEO of the South Asian operations of a 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 the CEO of Aberdeen Islamic Asset Management in Kuala Lumpur prior to joining Invesco in 2013.

Until recently, Syed Ali was a senior global and key account manager at Baker Hughes Malaysia. Earlier in his career, he had worked in various capacities in fields that include auditing, asset management and logistics.

source https://www.thesundaily.my/business/sapura-energy-appoints-pnb-s-abdul-jalil-as-chairman-XM1952990