Malaysia: MHB Announces Boardroom Changes

Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) has appointed Mr Dominique de Soras as a Non-Independent Executive Director and also the new Managing Director and Chief Executive Officer with effect from 1 February 2011.

He will replace En. Wan Yusoff bin Wan Hamat who will be resigning from MHB to take up a new appointment within the Petroliam Nasional Berhad group (PETRONAS), heading a major project development in Malaysia.

Mr Dominique de Soras who had been Technip’s President of Subsea Division since 2007 is currently an Executive Committee member of Technip, the strategic investor of MHB that holds 8% of MHB’s issued share capital. The appointment was approved by the Board in view of Mr Dominique de Soras’s technical credentials and extensive experience in the oil and gas industry, and to further support the collaboration between MHB and Technip.

MHB also appointed Technip President and Chief Operating Officer, Bernard Rene Francois di Tullio as Audit Committee member and Yong Nyan Choi @ Yong Guan Choi as both Independent Non-Executive Director and Audit Committee member.

Source: MHB, January  21, 2011;

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