KUALA LUMPUR (June 1): Sapura Energy Bhd said it has appointed former Velesto Energy Bhd president Rohaizad Darus and Lim Fu Yen as directors of the Practice Note 17 company, effective June 1 (Wednesday).

In a bourse filing, Sapura Energy said it has appointed Rohaizad Darus as its non-independent and non-executive director, and noted that the 57-year-old’s last position prior to his retirement was president of Velesto, a position he held since 2012.

“In his career spanning over 30 years, he has worked with both local and multinational companies. These include Petronas Gas, SapuraKencana — a predecessor of Sapura Energy, and Velesto. He has also served Texas Instruments and Esso Production Malaysia.

“Presently, he is actively involved in the oil and gas (O&G) industry as advisor to the Malaysian O&G Services Council, a member of Industry Advisory Panel of Malaysian Petroleum Resource Corp, besides being adjunct professor at Universiti Teknologi Petronas,” the company added.

In a separate filing, the oil and gas service provider said it has appointed Lim as an independent and non-executive director of the company.

The company noted that the 43-year-old is also currently an independent non-executive chairman of Malaysian Transformer Manufacturing and director of Malay-Sino Chemical Industries.

“Lim was attached to Ekuiti Nasional Bhd (Ekuinas) from April 2014 to July 2020. He has extensive experience in investment, business management, financial restructuring, and operational turnaround, with his last position as senior director (investment) of Ekuinas.

“He was the chief subsidiary management officer (CSMO) of Tenaga Nasional Bhd from August 2020 to August 2021. As CSMO, he oversaw the performance improvement of 12 TNB subsidiaries across four sectors; including manufacturing, services, power and telco,” it added.

Shares in Sapura Energy finished 1.5 sen or 17.65% lower at seven sen on Wednesday, giving the company a market capitalisation of RM1.06 billion.