Ezra informed that the company’s board has appointed Lionel Lee as chairman of Ezra’s subsea services division, EMAS AMC.
In his role as EMAS AMC chairman as well as being part of Ezra’s EXCO, Lee will direct the development and execution of the Group’s subsea strategy, together with the EMAS AMC team. EMAS AMC accounts for almost 70% of Ezra’s revenue in FY2014.
He had recently relinquished his directorships in Ezra’s listed subsidiaries Triyards and EMAS Offshore, so as to focus on this newly created role.
The move is also part of Ezra and its listed subsidiaries boards’ ongoing commitment to enhance corporate governance, as the various boards restructure to consist of a majority of non-executive and independent directors.
“Lionel is best placed to fulfil this newly created role. With all our subsea assets in place, and EMAS AMC being our main revenue driver, it is imperative to devote focused attention on our subsea strategy,” said Koh Poh Tiong , Chairman of the Ezra Board.