The Board of Directors of MISC ("MISC Board") wishes to announce that Captain Dr. Rajalingam a/l Subramaniam will be stepping down from his role as the President & Group Chief Executive Officer of MISC Group on 15 August 2024.

Captain Dr. Rajalingam started his career in 1984 at sea before coming ashore in the year 1996 and has since held various positions and leadership roles in the MISC Group, which included Vice President Fleet Management Services in 2008 before being appointed as the President & Chief Executive Officer of AET Group in January 2016. Captain Dr. Rajalingam was appointed as President & Group Chief Executive Officer for MISC Group since October 2022 and after a fulfilling career spanning more than 40 years, Captain Dr. Rajalingam has opted to resign and pursue his other interests.

During his tenure as the President & Group Chief Executive Officer of MISC Berhad, Captain Dr. Rajalingam’s leadership and dedication has contributed to MISC Group’s growth to-date.

Beyond his leadership roles in the MISC Group, Captain Dr. Rajalingam also serves the global maritime industry in various capacities including as Board Member of Gard P&I and Executive Committee Member of the International Association of Independent Tankers Owners and has received numerous awards for his active service in the international maritime industry. He is also an active member of International Chamber of Shipping’s shaping the future taskforce. Captain Dr. Rajalingam was awarded an Honorary Doctorate by the Netherlands Maritime University College (NMUC).  He is an honorary commander in the Royal Malaysian Navy, a position he has held since 2009. He was awarded the National Seafarers Icon 2017 by Malaysia Marine Department and 2018 Tanker Shipping & Trade Industry Leader Recognition.

The MISC Board records its thanks to Captain Dr. Rajalingam for his years of exemplary service in the MISC Group.

Concurrently, the MISC Board is pleased to announce the appointment of En. Zahid Osman as the new President & Group Chief Executive Officer of MISC Group with effect from 16 August 2024 in accordance with MISC’s succession planning process.

En. Zahid Osman has been with MISC Group since 2017 where he joined the organization as the Vice President of Gas Assets & Solutions and moved on to a new role as the Vice President of Corporate Planning in 2022. En. Zahid Osman also sits on the boards of several subsidiaries and joint venture companies within the MISC Group and as a Director on the Board of AET since January 2020 before being appointed as President & Chief Executive Officer of AET effective 1 June 2023. En. Zahid Osman was appointed as the Chief Operating Officer of MISC Group effective 1 June 2024, while continuing in his capacity as the President and CEO of AET.

Prior to MISC Berhad, En. Zahid Osman was with the Shell Group of Companies for over 20 years. At Shell, En. Zahid Osman had held management roles in finance, LNG marketing and trading, business development, commercial, upstream production sharing contract, stakeholder management, joint venture governance, gas advocacy and project management in upstream, downstream, integrated gas and trading business. His last held appointment at Shell was Vice President of Venture Development at Shell Integrated Gas and New Energies.

At the industry level, En. Zahid Osman is currently the Chairman of the Advisory Panel at Malaysia Women in Energy (MyWiE).

The Board of Directors and the Management of MISC are grateful for Captain Dr. Rajalingam’s contributions to the organization and the industry.

This announcement is dated 5 August 2024.