Due to family reasons, Hassan Basma, the CEO and executive director of Bumi Armada Berhad, has requested for an early release of his contract of employment. The board of directors of Bumi Armada has agreed to Basma’s request, and Basma will relinquish his positions as CEO and executive director with effect on Jan. 1, 2015. Basma also will relinquish his directorships in other companies within Bumi Armada Group with effect on the same date. Basma will continue to be engaged as a consultant to the company on specific projects.
The board has initiated steps to search for a new CEO with in-depth relevant experience in the offshore and marine services industry.
Pending the appointment of a new CEO, the board has announced that Chan Chee Beng, a member of the board since 2003, has been redesignated as executive director and acting CEO, with effect on Jan. 1, 2015. Chan also has been a member of the executive committee of Bumi Armada since 2008, acting as its chairman since 2013.
Recommended Reading
Tech Trends: QYSEA’s Artificially Intelligent Underwater Additions
2024-02-13 - Using their AI underwater image filtering algorithm, the QYSEA AI Diver Tracking allows the FIFISH ROV to identify a diver's movements and conducts real-time automatic analysis.
Subsea Tieback Round-Up, 2026 and Beyond
2024-02-13 - The second in a two-part series, this report on subsea tiebacks looks at some of the projects around the world scheduled to come online in 2026 or later.
Exclusive: Silixa’s Distributed Fiber Optics Solutions for E&Ps
2024-03-19 - Todd Chuckry, business development manager for Silixa, highlights the company's DScover and Carina platforms to help oil and gas operators fully understand their fiber optics treatments from start to finish in this Hart Energy Exclusive.
CERAWeek: AI, Energy Industry Meet at Scary but Exciting Crossroads
2024-03-19 - From optimizing assets to enabling interoperability, digital technology works best through collaboration.
Cyber-informed Engineering Can Fortify OT Security
2024-03-12 - Ransomware is still a top threat in cybersecurity even as hacktivist attacks trend up, and the oil and gas sector must address both to maintain operational security.