(adds comment from company spokesperson in fourth paragraph)
LONDON (ICIS)--Malaysia's PETRONAS Chemical Group Berhad (PCGB) late on Monday named experienced chemical engineer Sazali bin Hamzah as its new CEO, effective 1 May 2014.
The 48-year-old has more than 24 years' experience in petroleum refining and petrochemicals industries and most recently headed a PETRONAS division that oversaw downstream major capital projects valued at more than $10bn, the company said in a filing with the country's stock exchange.
"Sazali Hamzah is also a board member of iChemE, Malaysian branch, and also board member of three PETRONAS subsidiaries," the company added. "Prior to joining PCGB, Sazali was the managing director and CEO of PETRONAS Penapisan (Melaka) Sdn.
Existing president and CEO, Abd Hapiz bin Abdullah, who took up the position in May 2011, will no longer be with PCGB effective 30 April 2014, a company spokesperson said, adding it did not have any further information to say at this time.
Additional reporting by Nurluqman Suratman