KUALA LUMPUR: Sapura Energy Bhd announced a change of guards today with the departure of both its chairman and group chief executive officer (GCEO) by year-end, and the appointment of current SapuraOMV Upstream Sdn Bhd CEO, Muhammad Zamri Jusoh, as its new GCEO.
The appointment is effective March 1, 2025.
As SapuraOMV CEO, Zamri has been part of the Sapura Energy leadership team since July 2019.
Under his stewardship, SapuraOMV has grown to become one of the largest independent companies in the region, with robust growth portfolios.
In a statement today, the Sapura group announced a slew of changes with the departure of chairman Datuk Mohammad Azlan Abdullah and group chief executive officer Datuk Mohd Anuar Taib in the fourth quarter of the current financial year (4Q25).
Interim chairman Shahin Farouque Jammal Ahmad will be redesignated as chairman of the board. Shahin has been a member of the Sapura board since December 2023 and was appointed interim chairman in June 2024.
He is currently the Permodalan Nasional Bhd group head, Strategic Investments, with over 20 years of investment banking experience.
Sapura has also appointed Mohamad Nasri Mehat as officer-in-charge in the interim. Nasri is currently Sapura Energy's chief executive officer of operations & maintenance and senior vice president, group quality, health, safety, and environment.
According to Sapura, Anuar will step down from his roles as group chief executive officer and executive director on Dec 31, 2024, after nearly four transformative years leading the group.
He joined the group as a non-executive director in August 2020 and was appointed as group chief executive officer 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.
Sapura said under his helm, the group demonstrated operational resilience despite financial challenges, recording stable revenues and improved cash flows.
Meanwhile, the group said Azlan will step down from his chairmanship position on Jan 31, 2025, after serving since May 2022.
He joined the board as a non-independent non-executive director in October 2019.
During his tenure, 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.