KUALA LUMPUR Aug 16 Petronas Dagangan Bhd (PDB)
, the retail arm of Malaysia's state oil firm Petronas
, said on Thursday it had appointed Aminul Rashid Mohd
Zamzam as managing director and chief executive officer,
starting next month.
The appointment comes two months after the country's largest
marketer of downstream petroleum products by market share said
it will buy six downstream companies belonging to Petronas in
the Philippines, Vietnam, Thailand and Malaysia in a deal worth
197.3 million Malaysian ringgit ($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.
Meanwhile, Petronas Dagangan said it posted a net profit of
171.33 million ringgit ($54.8 million) in its second quarter to
June 30, 2012, a 17.9 percent drop from the same quarter a year
earlier on lower profit margin.
($1 = 3.1245 Malaysian ringgits)
(Reporting by Yantoultra Ngui; Editing by David Holmes)