Change in Boardroom
| VELESTO ENERGY BERHAD |
| Date of change | 10 Jun 2020 |
| Name | ENCIK MOHD RASHID MOHD YUSOF |
| Age | 64 |
| Gender | Male |
| Nationality | Malaysia |
| Type of change | Redesignation |
| Previous Position | Independent Director |
| New Position | Chairman |
| Directorate | Non Independent and Non Executive |
Qualifications
| No | Qualifications |
Major/Field of Study |
Institute/University |
Additional Information |
|
Professional Qualification
|
Fellow of Association of Chartered Certified Accountants (ACCA) |
Chartered Association of Certified Accountants (UK) |
|
|
|
Professional Qualification
|
Chartered Accountant |
Malaysian Institute of Accountants |
|
|
|
Professional Qualification
|
Advanced Management Program |
Wharton Business School, Pennsylvania, USA |
|
| Working experience and occupation | Mohd Rashid Mohd Yusof ("Rashid Yusof") has over 40 years of oil and gas industry experience. During his years with PETRONAS, he held various financial positions such as Head of Group Accounting, Head of Group Treasury and Head of Group Internal Audit. He was also the Financial Director of Engen Petroleum Limited ("Engen"), before assuming Senior Management positions as the Chief Executive Officer of Malaysian International Trading Corporation Sdn Bhd and later as the Managing Director/ Chief Executive Officer of Engen in South Africa and Vice President of Supply Chain & Risk Management at PETRONAS. As the Managing Director/ Chief Executive Officer of Engen in South Africa, he was the Chairman of the South African Petroleum Industry Association for the year 2007.
During the course of his career at PETRONAS, Rashid Yusof has also served as a Director for several companies in the group, including Putrajaya Holdings Sdn Bhd, Enpet Insurance Ltd. (Isle of Man), Trustee of the PETRONAS Retirement Benefit Fund, Director and Chairman of PETRONAS-ICT Sdn Bhd, Director of KLCC (Holdings) Sdn Bhd and Energas Insurance (Labuan) Ltd.
Rashid Yusof currently sits on the Board of Scicom (MSC) Berhad, Media Prima Berhad and Standard Chartered Bank Malaysia Berhad. He is also a member of Audit & Risk Committee of the Malaysian Aviation Commission (MAVCOM). |
| Family relationship with any director and/or major shareholder of the listed issuer | None |
| Any conflict of interests that he/she has with the listed issuer | None |
| Details of any interest in the securities of the listed issuer or its subsidiaries | None |
| Remarks : |
Rashid Yusof was appointed to the Board of Velesto Energy Berhad on 23 June 2017. |
Announcement Info
| Company Name | VELESTO ENERGY BERHAD |
| Stock Name | VELESTO |
| Date Announced | 09 Jun 2020 |
| Category | Change in Boardroom |
| Reference Number | C03-03062020-00002 |