Petronas Confirms CEO Resignation, Will Announce Succession Plan

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will announce a succession plan soon following the departure of its executive vice president and upstream business chief executive officer Datuk Mohd Anuar Taib.

Chairman Datuk Ahmad Nizam Salleh today also confirmed Mohd Anuar would be leaving the national oil company this week.

He said Petronas has a strong succession plan in place, and the departure of Mohd Anuar does not have any impact to their business plans going forward.

News reports on Mohd Anuar’s departure had first surfaced in June this year, however, the national oil giant denied it.

It was reported Mohd Anuar to leave Petronas due to personal reasons.

Mohd Anuar, 51, built his career in the industry in the international oil firm Shell and was its vice president for Upstream International Asia and chairman of Shell Malaysia before he joined Petronas in 2012. -Bernama