KUALA LUMPUR: Yinson Holdings Bhd has appointed Ainul Azhar and Lily Low to its board of directors effective from July 25.
In a statement today, the group said both individuals are joining the board as independent non-executive directors, with Low also appointed as a member of the board risk and sustainability committee.
The appointments follow the retirement of Datuk Mohamad Nasir from Yinson’s board, as he approaches the nine-year term limit for independent directors.
Mohamad Nasir will continue contributing to Yinson’s growth through directorship in Yinson Production, the group’s offshore production business.
Additionally, Gregory Lee, who served as an independent director since 2021, has decided not to seek re-election.
Mohamad Nasir and Lee retired at the conclusion of the 32nd annual general meeting of the group earlier today.
Ainul Azhar, with a background in electrical engineering from University of Sussex, offers a wealth of experience in the energy and engineering sectors, having held various senior leadership roles at Schlumberger across Asia, Europe, and North America.
He has held key positions such as executive chairman for the Asia Pacific region and managing director in Malaysia and played a significant role in Schlumberger’s business growth in the region during his tenure.
Low brings over 30 years of experience in financial leadership and corporate governance.
She holds an MBA from National University of Singapore and has served as chief financial officer in several multinational corporations, including IBM, Envision Energy Ltd, and Univers Pte Ltd.
She currently serves on several boards and governance committees, including Standard Chartered Bank (Singapore), Singapore Institute of Directors and Institute of Singapore Certified Accountants.
Yinson group executive chairman Lim Hang Weng said it is now well-positioned for its next phase of growth, supported by a stronger capital and organisational structure, robust strategy and blue-chip international investors.
“These appointments further enhance the effectiveness of our boards to ensure stronger governance and sharper business decision-making as we pursue our strategic goals in line with the energy transition,” he said.
