The Board of Sapura Energy Berhad has announced that both its Chairman Dato’ Mohammad Azlan Abdullah and Group Chief Executive Officer Datuk Mohd Anuar Taib will be leaving their positions in the fourth quarter of the current financial year, passing the mantle to internal successors. Interim Chairman Shahin Farouque Jammal Ahmad will be redesignated as Chairman of the Board, while SapuraOMV Upstream CEO Muhammad Zamri Jusoh will take over as Group CEO.

Dato’ Azlan will step down from his chairmanship position on 31 January 2025, after serving since May 2022. He joined the Board as a non-independent non-executive director in October 2019. During his tenure, Dato’ Azlan played a pivotal role in facilitating the Group’s turnaround and enhancing its governance. He led the formation and steer of the Board Restructuring Task Force (“BRTF”), which provides oversight and support to the management team in executing the Group’s Reset Plan.

Datuk Anuar will step down from his roles as Group CEO and executive director on 31 December 2024, after nearly four transformative years leading the Company. He joined the Company as a non-executive director in August 2020 and was appointed Group CEO in March 2021. He guided Sapura Energy through several significant changes and key milestones in its turnaround effort, including major progress in the debt restructuring exercise. Under his steady helm, the Sapura Energy group of companies (“Group”) demonstrated operational resilience despite financial challenges, recording stable revenues and improved cash flows.

Zamri’s tenure as Group CEO will begin on 1 March, and the Group has appointed Mohamad Nasri Mehat as officer-in-charge in the interim. Nasri is currently Sapura Energy’s CEO of Operations & Maintenance and Senior Vice President, Group Quality, Health, Safety, and Environment.

Speaking on behalf of the Sapura Energy Board, Shahin stated: “We wish to extend our deepest gratitude to Dato’ Azlan and Datuk Anuar for their exceptional service to Sapura Energy and wish them the very best in their future endeavours. Both gentlemen were instrumental in navigating the Group during its toughest times, and their decisions created a solid foundation for Sapura Energy’s future. The Group’s existing business plans and restructuring exercise will continue to be executed under the Group’s new leadership.”

In return, Dato’ Azlan expressed his appreciation to the Board of Directors and management for their collaborative efforts in returning Sapura Energy to stability. “I am also grateful to various stakeholders for the support I received as Chairman, helping us move forward the turnaround. Above all, I wish to sincerely thank everyone in the Sapura Energy team, for consistently delivering to the best of their abilities, surmounting enormous challenges with resourcefulness.”

Datuk Anuar also thanked the Board, his executive leadership committee, and employees of Sapura Energy for their support throughout his tenure. “My journey with Sapura Energy has been both demanding and rewarding,” he said. “We have come a long way since 2021, and I am confident that post-restructuring, Sapura Energy will emerge stronger and well-positioned to expand its footprint, enhance core capabilities, develop Energy Transition solutions, and drive our Reset strategy for long-term value creation.”