Singapore: Miclyn Express Offshore Appoints New CFO

Miclyn Express Offshore  announces the appointment of Mr. Derek Koh to the post of Chief Financial Officer (CFO). Mr. Koh is a UK Chartered Accountant with over 22 years of broad experience in professional practice and industry.

He most recently held the position of CFO for an SGX-listed, Asian oil & gas multi-national. Prior to this Mr. Koh headed up various functions for multi-national and Asian companies including Finance, Internal Controls, Corporate Affairs, and Information Technology. He also has Audit, Corporate Finance & Recovery and Risk Management experience from professional practice. Mr. Koh holds an Economics – Accounting & Finance degree from The London School of Economics.

“Mr. Koh brings significant expertise in corporate finance, systems, corporate governance and compliance to the management team at MIO”, said Mr. Diederik de Boer, CEO. “We believe MIO will benefit greatly from Derek’s track record in providing an exemplary combination of business judgment, professional skills and integrity”.

Mr. Koh will commence on 1st June, 2011 giving him a one month hand over with departing CFO, Nick Gleeson. Mr. Gleeson’s resignation was announced to the market on 14 March, 2011.

About Miclyn Express Offshore

Miclyn Express Offshore is a leading provider of service vessels to the expanding offshore oil and gas industry, across South-East Asia, Australia and the Middle East. The Group charters a diverse range of OSVs, Crew/Utility Vessels, Tugs, Barges and Coastal Survey Vessels to a wide range of customers operating across all phases of the offshore oil and gas cycle, namely exploration, development and production, as well as the offshore civil construction industry. The Group operates a vertically integrated business model through its vessel chartering and shipyard businesses. The shipyard provides in-house vessel newbuilding, conversion, repair and maintenance services, as well as third party vessel conversion, repair and maintenance services when spare capacity exists.

Source:MIO, April 8, 2011

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