Steel Hawk Bhd has announced the resignation of its CEO, Afizul Md Yusoff, after nine months in the role. Afizul, 47, who was appointed in February during the company’s senior management restructuring, is stepping down to take a career break and focus on personal interests, the company said in a Bursa Malaysia filing on Tuesday.
Haffiz Hussin, 40, a former Petroliam Nasional Bhd (PETRONAS) engineer with 16 years of experience, has been named the new group CEO effective immediately. Haffiz previously led construction-based engineering at PETRONAS, overseeing digital solutions, technical performance, and value realisation from September 2024 to November 2025. Neither Afizul nor Haffiz holds any direct or indirect stake in Steel Hawk or its subsidiaries.
Steel Hawk had previously undergone leadership changes in September 2024 when it moved from Bursa Malaysia’s LEAP Market to the ACE Market. Salimi Khairuddin, 39, briefly served as CEO before being redesignated executive director upon Afizul’s appointment.
The company’s restructuring followed Steel Hawk Engineering Sdn Bhd being appointed as a panel contractor for construction and modification projects for PETRONAS and 27 of its downstream plants. Salimi continues to oversee the group’s onshore engineering division, which handles engineering design, fabrication of oilfield equipment, and project management for clients including PETRONAS Gas Bhd and PRPC Utilities & Facilities Sdn Bhd.
Shares of Steel Hawk closed unchanged at 28 sen, valuing the company at RM137.2 million. Despite a 40% year-to-date decline, investors who purchased shares at the 15-sen IPO price have seen an 86% gain.
