Ahmad Nizam Salleh steps down as chairman of Petronas


Tan Sri Ahmad Nizam Salleh

KUCHING (July 13): Tan Sri Ahmad Nizam Salleh, Chairman of Petroliam National Berhad (Petronas), will retire from the company and its board of directors after serving his three-year contractual term which ends on July 31, the national oil company said in a statement. yesterday.

Ahmad Nizam has held various management positions in the company for 37 years.

According to the statement, Ahmad Nizam – along with the Petronas Council – helped facilitate the business settlement agreement between Petronas and Sarawak regarding the imposition of state sales tax on petroleum products as well as for the resolution of ‘other oil and gas issues.

“These paved the way for greater Petronas-Sarawak collaboration as well as more active state involvement in the oil and gas sector,” the statement said.

He added that Ahmad Nizam has been instrumental in furthering local participation in the Malaysian oil and gas industry within a fair and equitable framework.

Ahmad Nizam also led the Board of Directors to strengthen the foundation for Petronas’ high impact projects, particularly the Pengerang Integrated Complex in Johor and the Petronas LNG Project in Canada, to deliver long-term sustainable value to the l ‘business.

Upon retirement, Ahmad Nizam will assume the role of President of Pelaburan Hartanah Bhd.

He remains chairman of the KLCC Group of Companies, which includes the KLCC Stapled Group which includes KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC REIT).

He will hand over the Petronas presidency to Tan Sri Mohd Bakke Salleh, following the latter’s appointment announced by the Prime Minister earlier yesterday.

Mohd Bakke currently serves Petronas as an independent director as well as chairman of its risk committee and member of its audit committee.

His appointment as President of Petromas takes effect August 1.

Petronas added in the statement that Mohd Bakke’s vast experience serving various organizations in a variety of capacities will help ensure the company’s sustainability and steer it towards achieving its ambitions of becoming a progressive energy entity while planning. his growth.

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