Singapore: Ezra Holding’s group ceo and managing director Lionel Lee has been appointed as chairman of EMAS AMC, Ezra’s subsea services division.
The company said the newly created role will incorporate the development and execution of the it’s subsea strategy, which accounts for close to 70% of the group’s revenue.
Last week, Lee had stepped down from his role on the board of two Ezra companies, EMAS Offshore and Triyards Holdings. At Triyards, his role of chairman and non-executive director was taken up by his father, Lee Kian Soo. In a statement announcing the changes, the company explained that both Tiyrards and EMAS Offshore are established businesses and were publicly listed to chart their own growth strategies.
“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,” commented Koh Poh Tiong, chairman of the Ezra board.