Triyards appoints new chief executive

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Mr Wong Bheet Huan, 70, Chief Executive Officer (CEO) of TRIYARDS Holdings Limited (“TRIYARDS” or “the Group”), an offshore vessel fabrication and engineering solutions provider to the oil and gas (O&G) industry, will be stepping down after overseeing a decade of sustainable growth by the Group. He leaves TRIYARDS in a firm position, having achieved a net attributable profit of $31.4m for FY2013.
 
Succeeding him is corporate veteran Mr Chan Eng Yew, 41, who assumes the position of CEO as the Group gears up in momentum to chart its next phase of development.
 
Mr Wong will continue to serve as an Advisor with effect 1 February 2014, with responsibility over business advisory functions for TRIYARDS. He also remains as a Non-Executive Director on the Board of TRIYARDS.
 
These changes are in line with TRIYARDS’ constant review of its leadership renewal plan to tap on the extensive expertise of its veterans while paving the way for new talent.
  
Incoming Chief Executive Officer Mr Chan Eng Yew 
Mr Chan Eng Yew, currently the Chief Financial Officer of Oslo listed EOC Limited, will take on the role of CEO of TRIYARDS with effect 1 February 2014. He will be responsible for the overall management and operations of the Group. Prior to his appointment, Mr Chan actively built EOC’s portfolio in financial operations and headed the Group’s investor relations and corporate finance departments. He played a significant role in spearheading EOC’s listing on the main board of the Oslo Stock Exchange in 2007, positioning EOC as the first Singapore company to list there. Mr Chan was also instrumental in completing the first State Bank of Vietnam approved offshore loan worth US$227 million in Vietnam for the Floating Production Storage and Offloading (FPSO) Lewek EMAS conversion project. Most recently, his vast corporate experience was pivotal in leading EOC in a strategic partnership with Perisai on a gas FPSO project for HESS in Malaysia. The FPSO has since achieved first gas in November 2013. Mr Chan also played a key role in structuring the sale of EOC’s 51% equity interest in the entities owning and operating FPSO Perisai Kamelia (formerly known as Lewek Arunothai) to Perisai, and for the acquisition from Perisai of 49% of the equity interest in SJR Marine, owner of the Derrick pipe laying barge, Enterprise 3. He holds a Masters in Business Administration from the University of Louisville, Kentucky and Masters in Applied Finance from Macquarie University.
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