Petronas Dagangan appoints new CEO

Petronas Dagangan Bhd (PDB), the retail arm of state-owned Petroliam Nasional Berhad (Petronas), said it has appointed Aminul Rashid Mohd Zamzam as managing director and chief executive officer (CEO), starting September.

The appointment comes two months after the company announced that it would buy six downstream companies belonging to Petronas, including the Philippines, Vietnam, Thailand and Malaysia, in a deal worth 197.3 million ringgit (US$63.2 million).

Aminul, Petronas Dagangan’s current chief operating officer, will replace Amir Hamzah Azizan, who will remain as vice president of downstream marketing at Petronas and on the board of Petronas Dagangan.

Petronas Dagangan reported net profits of 171.33 million ringgit (US$54.8 million) in the second quarter ending June 30, 2012.

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