KUALA LUMPUR (March 31): Main Market-listed energy solutions provider T7 Global Bhd (KL:T7GLOBAL) announces that Tan Sri Tan Kean Soon has tendered his resignation as the executive deputy chairman from the group with immediate effect, citing personal reasons.

“The board of directors has formally accepted his resignation,” T7 Global said in a statement on Monday.

T7 Global further said that Tan Sri Dr Nik Norzrul Thani N Hassan Thani, the group's executive chairman and largest shareholder, will continue to lead the company moving forward.

“The board and the management team have effectively overseen the group’s operations, ensuring business continuity with minimal disruption and continued focus on delivering value to stakeholders,” said T7 Global.

Nik Norzrul Thani expressed his appreciation for Tan’s contributions, stating that as a group, T7 Global remains confident in the strength of its business fundamentals and the clarity of its long-term strategy.

“We are committed to upholding the disciplined approach that has served us well, while focusing on delivering continued growth and value for our stakeholders,” he said.

Founded in August 2004, T7 Global is a solutions provider primarily in the energy business and industrial solution business with presence over Asia serving customers in the oil and gas (O&G), aerospace and general industries.

According to T7 Global’s annual report for the financial year ended Dec 31, 2023, Tan has more than 30 years of experience in various O&G upstream and downstream companies.

Latest filings with Bursa Malaysia show that the 60-year-old has a direct stake of 8.215% in T7 Global, as well as an indirect stake of 4.812% in the company.