Malaysia-listed offshore services provider Bumi Armada has appointed Steve Newman as an independent director of the company with effect from 1 July 2015.
Prior to his appointment, Newman was president and CEO of Switzerland-headquartered offshore drilling company, Transocean from 2010, until his resignation in February 2015.
He also possesses vast experience with over 20 years in strategy development, crisis management, organisational turnaround, leadership team formation, mergers and acquisitions, capital markets transactions, and board renewal and development from Transocean since 1994. He left the company by mutual consent in mid-February 2015.
“Members of the board will value Newman’s executive experience having served as Chief Executive of a large global organisation, as well as his expertise and insight in the offshore oil and gas industry and strategy development, which will add further strength to the board,” said Tunku Ali Redhauddin, chairman of Bumi Armada.
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Previously, Hassan Basma, former CEO of Bumi Armada, had tendered his resignation in December 2014 because of family reasons. Hassan has helmed Bumi Armada since 2005 and has over 31 years of experience in the oil and gas (O&G) industry, during which 23 years were spent in Asia in key areas of the O&G services, including subsea and pipelines, jackets, topsides, and floaters and floating solutions. Since his departure, the company’s CEO position has been vacant.