Change in Boardroom
| PETRONAS CHEMICALS GROUP BERHAD |
| Date of change | 01 Jan 2022 |
| Name | ENCIK MOHD YUSRI BIN MOHAMED YUSOF |
| Age | 55 |
| Gender | Male |
| Nationality | Malaysia |
| Designation | Managing Director |
| Directorate | Executive |
| Type of change | Appointment |
Qualifications
| No | Qualifications |
Major/Field of Study |
Institute/University |
Additional Information |
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Professional Qualification
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Registered Professional Engineer (PE),Board of Engineers Malaysia |
Board of Engineers Malaysia |
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Professional Qualification
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Fellow (FIChemE) Institution of Chemical Engineers, UK |
Institution of Chemical Engineers, UK |
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Degree
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Bachelor of Science Degree in Chemical Engineering |
Oklahoma State University, USA |
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Others
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Advanced Management Programme |
The Wharton School. University of Pennsylvania, USA |
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| Working experience and occupation | With a career spanning more than 32 years, he has held various leadership roles, these include Chief Executive Officer (CEO) of Ethylene Malaysia Sdn Bhd (EMSB), CEO of Optimal Group of Companies and Head of the Manufacturing Division for PETRONAS Chemicals Group Berhad (PCG). During his tenure as CEO of Optimal Group of Companies, he drove the integration of Optimal Group of Companies from a Joint Venture into PETRONAS as a wholly owned subsidiary which brought in total asset worth RM6 billion and revenue of RM5 billion into PETRONAS Group. As Head of Manufacturing PCG, Yusri was instrumental in consolidating the 13 manufacturing plants with annual capacity of 12.2 million ton per annum into a single division and drove the operational performance to world class benchmark. As Vice President Refining & Trading, he has strengthened the oil value chain for PETRONAS through various strategies including completion of tolling arrangement between the refineries and PETCO Trading Labuan Company Ltd (PETCO), consolidation the petroleum products inventories into PETCO, driving the New Operating Model for the oil value chain involving from the planning up to delivery of the oil molecule. This has created a transparent, efficient and agile value chain for PETRONAS with PETCO at its core. He is also currently leading the efforts to transform trading function within PETRONAS from a Value Optimization role into a Value Creation role in order to effectively capitalize opportunities from market volatility. Since 2017, he has been serving as a Director for MISC Berhad (a PLC) and various subsidiaries within PETRONAS Group. |
| Directorships in public companies and listed issuers (if any) | MISC Berhad |
| Family relationship with any director and/or major shareholder of the listed issuer | NIL |
| Any conflict of interests that he/she has with the listed issuer | NIL |
| Details of any interest in the securities of the listed issuer or its subsidiaries | 23,000 direct interest in PETRONAS Chemicals Group Berhad |
| Remarks : |
On 18 December 2021, the Board of Directors approved the appointment of Mohd Yusri Mohamed Yusof as Managing Director and Chief Executive Officer to be effective on 1 January 2022 in place of Datuk Sazali Hamzah. |
Announcement Info
| Company Name | PETRONAS CHEMICALS GROUP BERHAD |
| Stock Name | PCHEM |
| Date Announced | 20 Dec 2021 |
| Category | Change in Boardroom |
| Reference Number | C03-19122021-00004 |