Velesto Energy Bhd announced a series of board changes on Thursday, including the resignation of non-independent and non-executive director Fadzihan Abbas Mohamed Ramlee.
In a filing with Bursa Malaysia, the group said the resignation was made in line with changes to Permodalan Nasional Bhd’s (PNB) nominee representation on the board.
In a separate filing, Nadzrin Alia Md Aziz, who had served as alternate director to Fadzihan since her appointment in September 2023, has been appointed as a non-independent and non-executive director of the oil and gas company.
Nadzrin, 36, is currently assistant vice-president of strategic investment at PNB, while Fadzihan serves as group chief sales and distribution officer at the fund.
Following the changes, the board’s strategic committee comprises chairman Dr Mohd Shahreen Zainooreen Madros, along with members Haida Shenny Hazri, Alan Hamzah Sendut, and Ainul Azhar Ainul Jamal.
Velesto shares closed up one sen or 2.9% at 35 sen on Thursday, valuing the group at RM2.88 billion.
