Change of Management at Sapura Energy

February 2, 2020 | Oil & Gas | Energy Facts Staff Writer | 4min

Sapura Energy Berhad announced the appointment of En. Abdul Jalil Abdul Rasheed, President and Group Chief Executive of Permodalan Nasional Berhad (PNB), as a Non-Independent Non-Executive Director on the company’s board effective 1 January 2020. He will succeed Datin Paduka Kartini Hj Abdul Manaf, who steps down after serving the board since 24 April 2019. Sapura Energy is one of PNB’s key strategic companies, in which PNB and its associated funds collectively own a 40% stake.

En. Abdul Jalil was appointed to his current role at PNB on 1 October 2019. Prior to that, he had been the CEO of the South Asian operations of US-based fund management company Invesco in Singapore. En. 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 CEO of Aberdeen Islamic Asset Management in Kuala Lumpur prior to joining Invesco in 2013.

“En. Abdul Jalil’s appointment will add to the diversity of skills on the board of Sapura Energy. We welcome En. Abdul Jalil to his new role, and look forward to him bringing his skills and experiences to enhance the board’s deliberations. We would also like to express our appreciation to Datin Paduka Kartini for being an extremely supportive member of the board. It has been a privilege for us to work with her,” said Dato’ Hamzah Bakar, Chairman of the board of directors of Sapura Energy.

“On behalf of management and staff of Sapura Energy, I would like to welcome En. Abdul Jalil as our board member. He brings deep capital markets knowledge, a varied set of competencies and understanding of various industries from managing large international funds, and a passion to envision a bright future for Sapura Energy. My management team and I have been actively engaging with En. Abdul Jalil and his team, and we value their support and input tremendously. We would also like to record our gratitude to Datin Paduka Kartini for her invaluable guidance to management,” said Tan Sri Shahril Shamsuddin, President and Group Chief Executive Officer of Sapura Energy.