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KrisEnergy announces changes to Board of Directors

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Oilfield Technology,

KrisEnergy Ltd has announced that Mr Michael Chia Hock Chye of Keppel Offshore & Marine Ltd has joined its Board of Directors as a Non-Executive Director, effective 13 May 2016. Mr Chia is also appointed as a member of the Audit Committee and Nominating Committee.

Mr Choo Chiau Beng and Mr Brooks Shughart, both Non-Executive Directors since 2012, will step down from the Board with immediate effect, reducing the number of Directors to 12.

Will Honeybourne, Non-Executive Chairman of KrisEnergy, commented: “Michael has spent his career in the offshore and marine industry and we are delighted to welcome him to the Board. These remain challenging times for the upstream oil and gas sector and we look forward to benefiting from Michael’s business perspectives and judgement.

“I would like on behalf of the Board to extend our gratitude and appreciation to Chiau Beng and Brooks for their valuable contribution and dedicated service over the past four years during which KrisEnergy has grown and evolved considerably.”

Following the latest changes, KrisEnergy’s Board comprises three Executive Directors, three Non-Executive Directors and six Independent Directors.

Edited from press release by

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