Keppel Charts The Next Lap Of Growth

Marinelink.com
Thursday, July 18, 2013

The Board and Management of Keppel Corporation Limited (Keppel Corp) has announced  the Group's holistic succession plan in charting its next lap of growth.


On 1 January 2014, Mr Choo Chiau Beng, 65, CEO of Keppel Corp, will be succeeded by CFO Mr Loh Chin Hua. At Keppel Offshore & Marine Ltd (Keppel O&M), Mr Tong Chong Heong, 66, will be succeeded by COO Mr Chow Yew Yuen as CEO with effect from 1 February 2014.


Mr Choo and Mr Tong will be appointed as Senior Advisors to the respective Boards of Keppel Corp, and Keppel O&M and Keppel Infrastructure, thereafter. The Company will make an announcement on the appointment of the new CFO for Keppel Corp at an appropriate time.


Dr Lee Boon Yang, Chairman of Keppel Corp said, "The Board has worked over several years with Chiau Beng and his senior management team on succession planning. Today's announcement is the fruition of robust and systematic efforts to ensure that people with the right calibre are in place to grow Keppel from strength to strength.


"Keppel is 45 this year. Chiau Beng and Chong Heong have contributed towards Keppel's growth for 42 years and 43 years respectively. On behalf of the Board, I would like to thank Chiau Beng for his sterling leadership and invaluable contributions to the Keppel Group. We are deeply appreciative of his acceptance of the Senior Advisor role to help ensure a smooth handover and provide continued counsel from his wellspring of expertise, experience and networks.


"Together with Chiau Beng, Chong Heong has unstintingly put Keppel in the forefront of the offshore and marine business. We are pleased that he too would take on the role of Senior Advisor to the Boards of Keppel O&M and Keppel Infrastructure.


"On behalf of the Board, I would like to welcome both Chin Hua and YY Chow in their new positions and look forward to working closely with them to advance Keppel's interests."


On the new appointments, Mr Choo Chiau Beng, CEO of Keppel Corp said, "When I assumed the position of CEO in 2009, my top priority was to make Keppel leaner and stronger. Building a sound succession of talents and leaders was a cornerstone of my team's strategy to take Keppel to the next level of growth.


"Chin Hua and YY Chow were identified and groomed, and I am glad that they have risen to the challenge. They have proven themselves to be highly capable and astute leaders with strong Keppel core values, vision and passion.


"Chin Hua has been with the Group for almost 11 years. In his current role as CFO, he has demonstrated strong management and commercial capabilities, and is undoubtably able to add value to the Group's businesses.


"YY Chow has grown up in Keppel, with 32 years of service. He has been instrumental in building up Keppel O&M's global reputation and leadership position, particularly in the Americas. His long posting in USA has equipped him with valuable insights and networks in the oil and gas industry. Chong Heong and I are confident that he will be able to lead Keppel O&M to stay competitive and achieve continued success.


"The Group will benefit greatly from the diversity of their collective expertise, experiences and personal attributes. The management and I are confident that we have placed Keppel in good hands. With the support of their colleagues and teams, this new cohort of Keppel leaders will continue to create sustainable value for our shareholders, and shape the future of our Group."
 


People & Company News

MN100: R.W. Fernstrum & Company

The Company: R.W. Fernstrum & Company set the standard in marine heat exchangers over 65 years ago, building a reputation focused on innovation. Today, its commitment is to continual improvement,

MN100: McDonough Marine Service

The Company: Bernard P. McDonough created the company in 1945 by leasing barges from his construction company into the marketplace. Through a series of new and used barge additions,

MN100: MarineCFO

The Company: Founded in 1992, UA Business Solutions was a pioneer in the field of Enterprise Resource Planning (ERP) and an early Microsoft Partner. The ERP evolution

Shipbuilding

Heavy Lifting: Giant Pipe Racks Shipped for New FPSO

From Brazil to China and then back to Brazil, five pipe racks and three modules weighing a total of 1,871.51 metric tons and measuring 24,075 m³ will be transported

SMM 2016: World Premieres from around the Globe

Some 50,000 trade visitors from the whole of the world are expected in Hamburg for the start of SMM in less than two weeks. And once again, it is fully booked – with a total of more than 2,

Tuco’s New Arctic Workboat to Debut at SMM

Danish producer Tuco Marine said it will reveal a new Arctic workboat daughter craft at next month’s SMM in Hamburg.   Many arctic patrol vessels, icebrakers

Ship Repair & Conversion

Wärtsilä Re-gasification system for Norwegian Ship Conversion

Wärtsilä has been contracted to supply the re-gasification system for an FSRU (Floating, Storage, Re-gasification Unit) conversion project that Höegh LNG plans to carry out on a modern LNG vessel.

Royal IHC Upgrades TSHD Pump for Van Oord

Royal IHC informs it has completed the upgrade of the underwater pump and jet water system on trailing suction hopper dredger (TSHD) VOLVOX TERRANOVA for Van Oord.

Five Minutes with Paul Switzer

Five minutes with Paul Switzer - Manager, Shipbuilding & Offshore, Viega   For readers not familiar with Viega, please give a ‘birds eye’ view, putting the company

Offshore

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

MISC Enters Thai Offshore O&G Market

Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time.

Energy

J.F. Lehman Acquires Oldenburg's Heavy Equipment Group

J.F. Lehman & Company (JFLCO) informs it has signed a definitive agreement with Oldenburg Group Incorporated to acquire its Heavy Equipment Group, including both its defense and mining business units.

Wärtsilä Re-gasification system for Norwegian Ship Conversion

Wärtsilä has been contracted to supply the re-gasification system for an FSRU (Floating, Storage, Re-gasification Unit) conversion project that Höegh LNG plans to carry out on a modern LNG vessel.

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Pipelines Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1113 sec (9 req/sec)