MISC’s tanker arm AET will have a new boss from 1 June as the group continues to shake up its top management.
Zahid Osman is being promoted to the chief executive and president job being vacated by Captain Rajalingam Subramaniam.
The Malaysian group said the changes were being made to prioritise “leadership continuity to drive the organisation’s long-term success”.
The move is the result of MISC CEO Yee Yang Chien retiring in September last year, after eight years running the company.
He handed over the reins to Subramaniam.
Yee is still chairman of AET, but is also leaving this role at the end of May, with Subramaniam again stepping into his shoes.
The outgoing chairman transformed the “sleepy” Malaysian national shipping company into a global hydrocarbons giant, TradeWinds reported last year.
“MISC wishes Zahid Osman the very best in his new role and also extends its appreciation to Datuk Yee Yang Chien for his contribution as the chairman of AET,” the company said.
Osman is currently the vice president of corporate planning at MISC.
The new boss has more than 20 years of experience in the energy industry and already sits on the AET board.
He joined the group in 2017 as VP of gas assets and solutions.
Before that, he was VP of venture development at Shell Integrated Gas & New Energies.
He held management positions in finance, LNG marketing and trading and business development at the oil major.
Osman will be responsible for a fleet of 58 operational ships at AET, mostly VLCCs, suezmaxes and aframaxes.
Three VLCCs remain on order at DSME in South Korea for delivery this year.