FILE PHOTO: Petronas CEO Wan Zulkiflee Wan Ariffin speaks during the opening ceremony of the 20th Asia Oil & Gas Conference in Kuala Lumpur, Malaysia June 24, 2019. REUTERS/Lai Seng Sin
The reported resignation comes at a challenging time for Petronas as low oil prices, weak demand and the coronavirus pandemic lower profits. It also follows a string of changes at state agencies since a new government led by Prime Minister Muhyiddin Yassin came into power in March. Wan Zul, as he is known, is a Petronas veteran, joining the company in 1983 as a process engineer and working his way up through the ranks.Benchmark Brent crude plunged to near 12-year lows soon after he took over, forcing Petronas to cut $12 billion from costs and thousands of jobs for the first time.
E, From JP
There was a huge special dividend paid as requested by the then Minister of Finance. I hope it is not related to this.
Why wait that long. Can't he just resign now?
Why he was supposed to resign
JoeBiden has won the number of delegates needed to secure the Democratic presidential nomination.... 2020Elections
Who cares.
reuters Wan Zulkiflee Wan Ariffin will resign as president and chief executive officer. He will be succeeded by an internal candidate, state news agency Bernama said. The reported resignation comes at a challenging time for Petronas as low oil prices, weak (1/2)
Joke government
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