28 August 2012

Ezra Aligns Board To Take Its Global Strategy Forward

  • Mr Koh Poh Tiong will be appointed as Senior Advisor wef 1 September 2012; he will also succeed Mr Lee Kian Soo as Chairman at Ezra’s next AGM in December 2012
  • Mr Lee will stay on as a Non-Executive, Non-Independent Director allowing the Board continued access to his deep industry experience and knowledge
  • Mr Wong Bheet Huan will step down on 31 August 2012 to focus on TRIYARDS as its CEO and Executive Director; also stepping down from the Ezra Board on 31 August 2012 is Ms Lee Cheow Ming Doris Damaris
  • Board changes are in line with Group’s on-going succession planning
With succession planning coming in, what I can foresee is Ezra is going to get more of its subsidiaries listed on SGX to take benefit from the finance sourcing benefits. I believe it is a good move for Ezra as it can unlock the value of its subsidiaris through IPO. I hope that it can continue to be one of the leaders in offshore & marine sectors.

Current Fundamental Info for Ezra:

Source: Shareinvestor.com

Source: http://ezra.listedcompany.com/newsroom/20120827_182957_5DN_30F017CC6840E5CA48257A670038E9DB.1.pdf

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