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Petronas may offer separation scheme to about 1,000 staff to be redundant under group transformation exercise. REUTERS.

KUALA LUMPUR: National oil company Petroliam Nasional Bhd (Petronas) may lay off about 1,000 staff whose positions will be redundant under the group’s transformation exercise.

In a statement, it said exhaustive efforts would be undertaken to first redeploy the 1,000 positions and will further embark on a separation exercise for these employees as needed which is expected to be completed over the next six months.

This marks the first major decision it had to make since the plummeting oil prices in June 2014.

Petronas said the new structure is a part of deliberate, sequential measures that Petronas is undertaking to better navigate the organisation through tough external environments.

"This marks the start of a total group-wide transformation geared towards making it more resilient and focused to thrive both in the current and future industry landscapes.

"Consequently, this group-wide transformation is expected to result in redundancies of under 1,000 positions. Exhaustive efforts are on-going to re-deploy affected employees.

It also announced the recent appointment of Datuk Mohd Anuar Taib as the upstream executive vice president and chief executive officer, alongside Md Arif Mahmood and Datuk Manharlal Ratilal.

The new leadership team comprises the following:

President & Group Chief Executive Officer

Datuk Wan Zulkiflee Wan Ariffin

Executive Vice President & Chief Executive Officer, Upstream

Datuk Mohd Anuar Taib

Executive Vice President & Chief Executive Officer, Downstream

Md Arif Mahmood

Executive Vice President & Group Chief Financial Officer

Datuk Manharlal Ratilal

Senior Vice President, Project Delivery & Technology

Mazuin Ismail

Senior Vice President, Corporate Strategy

Adif Zulkifli

Senior Vice President & Group General Counsel

Mohamad Rauff Nabi Bax

Senior Vice President, Group Human Resource Management

Datuk Raiha Azni Abdul Rahman

Vice President, Group Health, Safety, Security & Environment

Sharbini Suhaili

Senior General Manager, Group Strategic Communications

Zahariah A. Rahman

Senior General Manager, Group Internal Audit

Syed Sheikh Syed Idrus Alhabshia

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