As mentioned previously on this forum whereby Bumi Armada was headed for a red year in 2018..
KUALA LUMPUR: International offshore energy facilities and services provider Bumi Armada continued to stay in the red, posting net losses of RM2.30bil in the financial year ended Dec 31, 2018 and net losses of RM1.26bil in the fourth quarter.
In a statement released on Friday, it also announced Leon Harland, its chief executive officer (CEO), and executive director, will be concluding his contract of employment with the Company on May 15.
“Harland will be transitioning his leadership role tt Gary Neal Christenson,” it said.
Christenson, a member of the Board since May 2018, will be re-designated as executive director of on March 27, and will assume the CEO role, taking over from Harland, on May 16.
https://www.thestar.com.my/business/busines...qVHxJ23CDQA3.99