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."
 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

PDVSA Charters Another Algerian Crude Cargo

Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker fixture data.

VT Halter Begins Building LNG-powered ConRo Ships for Crowley

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), has commenced construction on the first of two liquefied natural gas (LNG)-powered,

NYK Line Joins PNW West Coast Metro Pool

Effective October 20, 2014, NYK Line has become a member of the PNW West Coast Metro Pool (WCMP) operated by Trac Intermodal. The WCMP operates chassis at all major marine terminals,

Shipbuilding

VT Halter Begins Building LNG-powered ConRo Ships for Crowley

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), has commenced construction on the first of two liquefied natural gas (LNG)-powered,

New Research Vessel Delivered on the Great Lakes

The new oceanographic research and fisheries assessment vessel, Arcticus, completed her sea trials and was delivered to the U.S. Geological Survey's Great Lakes Science Center on October 17.

US Navy Christens Future USS Detroit

The U.S. Navy christened the future USS Detroit (LCS 7), the fourth Littoral Combat Ship of the Freedom variant, in a ceremony at Marinette Marine Shipyard in Marinette, Wisconsin, Oct.

Ship Repair & Conversion

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Mitsubishi Super Skiving System

Mitsubishi Heavy Industries, Ltd. (MHI) has completed development of the "Mitsubishi Super Skiving System" for machining internal gears with high speed and outstanding precision.

Messer to Debut MetalMaster Xcel

Messer Cutting Systems said it has answered the call from manufacturers that have been demanding a faster, more accurate way of producing cut parts. Messer’s

Offshore

Renewable Energy: Schottel Tidal Turbines Ready For Use

In the last months Schottel  successfully tested its hydrokinetic turbines in Strangford Lough, Northern Ireland. The full-scale tests included 260 operating hours under realistic conditions.

Total CEO Killed in Moscow Runway Accident

Private jet collided with snow plow during takeoff; Total's CEO a defender of Moscow policies. Insiders Boisseau and Pouyanne long seen as potential successors.

Statoil: New Oil in the Grane Area

Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea.   Well 25/8-18 S, drilled by the rig Transocean Leader,

Energy

PDVSA Charters Another Algerian Crude Cargo

Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker fixture data.

Russian Minister to Intervene with Gazprom on Slovakia Gas Flow

Russia's Energy Minister Alexander Novak will intervene with Gazprom to raise reduced gas shipments to Slovakia to contracted levels, Slovakia's economy ministry

Total Names Refining Boss to Replace de Margerie

French oil company Total has appointed refining boss Patrick Pouyanne as chief executive to succeed Christophe de Margerie who was killed in a plane crash in Moscow this week.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Electronics Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1743 sec (6 req/sec)