After 36 years at the company Chow Yew Yuen, 62, will retire from his position as CEO at Keppel Offshore & Marine. His position will taken on an acting basis by Chris Ong, 42, who is the managing director at Keppel FELS.
Loh Chin Hua, CEO of Keppel Corporation and chairman of Keppel O&M, said, “Chris is part of the talent pool which we have been nurturing for leadership succession at Keppel O&M.”
Keppel like many yards in Asia is facing acutely difficult times thanks to the drop in orders and the low price of oil.