Ezra Holdings Chairman Steps Down

Mr. Lee Kian Soo, Executive Chairman of the Company, steps down to be replaced by Mr. Koh Poh Tiong.

Ezra is a leading offshore contractor and provider of integrated offshore solutions in the offshore oil and gas industry. The wide range of services that Ezra offers includes subsea construction and maintenance, drilling support, towing and mooring, pipe and cable operations, high speed cargo and crew transportation.

Lee Kian Soo, was founder and Executive Chairman of Ezra Holdings with 20 years at the helm. He leaves with the Group in a strong position, having achieved revenues of nearly US$1 billion in Financial Year 2012. Succeeding him is corporate veteran Mr Koh Poh Tiong, 66, who assumes the position of Non-Executive Chairman as the Group embarks on its next stage of growth and internationalisation.

Retiring Chairman Mr Lee Kian Soo has been in the shipping and offshore support services industry for more than 30 years. In 1992, he founded Ezra. Under his stewardship, Ezra has transformed itself from a local subcontractor in shipyards to a global player owning its own shipyards and with offices in 16 locations across five continents spanning Africa, the Americas, Asia-Pacific and Europe. Mr Lee remains as Non-Executive, Non-Independent Director, a role that allows him to continue to contribute his perspective from his extensive experience in the industry.

New Chairman Mr Koh Poh Tiong joined Ezra’s Board on 1 October 2011 as non-executive Vice-Chairman. With over 42 years of corporate experience in diverse sectors, ranging from food and beverage to shipping, he is passionate about building global brands and companies. He served as CEO of the Food & Beverage Division of Fraser and Neave Limited from 2008 to 2011. He was CEO of Asia Pacific Breweries Limited (APB) from 1993 to 2008.

“I am delighted that Mr Koh has agreed to take on the chairmanship of Ezra’s Board. His vast corporate experience will be key in guiding Ezra through our next phase of growth, and establish us as a global brand,” said Mr Lee.