Friday, March 18, 2016

CEO change at Viking Offshore and Marine

Viking Offshore and Marine is appointing Low Jooi Kok as its next Executive Director and Chief Executive Officer.

Low is set to replace incumbent Ong Choo Guan who is due for retirement. Ong will relinquish his positions as Chief Financial Officer (CFO) and Chief Operating Officer (COO). He will also step down as director.

“The Board would like to place on record its appreciation to Mr. Ong for his contributions during his terms of office as CEO of the Company,” says Viking in a filing.

Viking, the provider of heating, ventilation, air-conditioning and refrigeration systems (HVAC&R) to the marine and offshore industry, had recently completed a reorganisation exercise.

The counter closed 6.7% lower at 4.2 cents.

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