Malaysian FPSO and OSV conglomerate Bumi Armada says their CEO Mr Hassan Basma has requested an early release of his contract of employment according to a statement today by the company, citing family reasons.
The Board of Directors has agreed to Mr Basma’s request and accordingly, Mr Basma will relinquish his positions as CEO and Executive Director of the Company, with effect from 1 January 2015.
Basma, a Dutch citizen, has been CEO since September 2005.
Pending the appointment of a new CEO, Bumi Armada’s board has chosen Mr Chan Chee Beng, a member of the Board since 2003, to be re-designated as Executive Director and Acting CEO, with effect from 1 January 2015 while the search for a new CEO begins.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,869 members that receive our newsletter.
Have a news tip? Let us know.
(Bloomberg) — Constellation Oil Services Holding SA’s bondholders are reaping a windfall due to increased demand for the company’s offshore rigs from Petroleo Brasileiro SA, a sharp recovery for a...
SINGAPORE, April 11 (Reuters) – Spot marine biofuel premiums have weakened further at the world’s largest bunker hub Singapore, weighed by slow demand, market sources said this week. Premiums for the flagship...
SYDNEY/WELLINGTON, April 10 (Reuters) – The U.S. Coast Guard has rejected comments by a Chinese diplomat that its recent boardings of Chinese fishing boats in the Pacific Islands alongside local police are illegal, saying...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 105,869 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
