BOARD OF DIRECTORS
&
MANAGEMENT TEAM
BOARD OF DIRECTORS
MR. MICHAEL PIXLEY
(INDEPENDENT NON-EXECUTIVE CHAIRMAN)
Mr. Pixley joined the Company as an Independent Non- Executive Chairman on 6 August 2020. He was appointed as the Chairman of the Remuneration Committee and member of the Audit and Nominating Committees on the same day.
Mr. Pixley has over 35 years of Merchant Banking experience in the Austral-Asian Region across a broad range of industries from property to biotechnology and mining. 23 years of which was based in Singapore firstly in private banking for a large European merchant bank, then employment within a significant Asian family office prior to returning to investment banking to head up an Australian Boutique Investment Bank office in Singapore. Mr. Pixley returned to Australia in 2003 to drive the IPO of a private biotechnology company which he co-founded in Singapore. Michael has exhibited strong leadership and management in roles from CEO to board positions in a range of public listed and private companies all with a strong Asian connection.
Mr. Pixley has a Bachelors Degree in Business Management from Curtin University Perth, Australia.
MR. BUDI RAHARDJO
(INDEPENDENT NON-EXECUTIVE DIRECTOR)
Mr. Budi Rahardjo joined the Company as an Independent Non-Executive Chairman 30 June 2020. He was appointed as the Chairman of the Audit Committee and member of the Remuneration and Nominating Committees on the same day.
Mr. Budi Rahardjo is a finance expert with 30 years of experience in Oil and Gas companies, both in upstream and downstream businesses. He has managed financial operations in a listed and state-owned companies in Indonesia. Mr. Budi Rahardjo has a Master of Science of Accountancy from University of Illinois, Urbana-Champaign, USA
MR. CHAN CHOO ONN
(INDEPENDENT NON-EXECUTIVE DIRECTOR)
Mr. Chan Choo Onn joined the Company as an Independent Non-Executive Director on 29 April 2022. He was appointed as the Chairman of the Nominating Committee and a member of the Audit and Remuneration Committees.
Mr. Chan Choo Onn was formerly the general manager of several banks such as International Bank of Singapore, Bank of Singapore (Australia) Limited, OCBC Bank Limited (United Kingdom Operations).
Mr. Chan Choo Onn graduated with a Degree of Bachelor of Arts in Economics from University of Singapore [(now known as the National University of Singapore (NUS)]. He has a certification in Advanced Management from The Wharton School (University of Pennsylvania).
MR. CHARLES MADHAVAN
(EXECUTIVE DIRECTOR & CHIEF EXECUTIVE OFFICER)
Mr. Madhavan was appointed by the shareholders as an Executive Director during an Extraordinary General Meeting (“EGM”) held on 9 January 2020. He was further appointed as the Chief Executive Officer of the Company on the same day. Mr. Madhavan is responsible for the strategic development of the Group’s business.
Mr. Madhavan has over 40 years of managerial, technical and on-shore, off-shore field operational experience with major global oil and gas corporations in various parts of the world. Mr. Madhavan started his career as a diver and welder at Vosper Thornycraft Shipyard operating in the shipbuilding industry. Mr. Madhavan would later join the Republic of Singapore Navy for a military career as a diving supervisor for a period of five (5) years. From 1980 to 1996, Mr. Madhavan had served in major oil and service companies in Africa, Southeast Asia, Middle East and Mediterranean like Amoco Egypt, Atlantic Richfield, Oceaneering Int’, Unocal Limited, and General Offshore Corporation/Hamstoft Submarine Cable Systems, a subsidiary of Cable & Wireless. In 2000, Mr. Madhavan became the executive director of Blue Water Engineering Pte Ltd, where he was responsible for managing the operations and business.
Mr. Madhavan was previously an Executive Director of GSS Energy Limited in 2015, an SGX-listed company in Singapore. Mr. Madhavan was also previously a Managing Director of the Company in 2018, where he was responsible for strategic development of the Group’s business.
Mr. Madhavan’s previous directorships also included stints at private companies at Java Petral Energy Pte Ltd, International Investments Technology Pte Ltd, and Nusantara Resources Pte Ltd. Mr. Madhavan is presently serving companies like Idola Cakrawala International Pte Ltd, Bumi Oriental Energy (Singapore) Pte Ltd (formerly known as White & Brown Holdings Pte Ltd), Ekamaro Sakti (S) Pte Ltd (formerly known as MOS Subsea Pte Ltd) and Blue Water Engineering Pte Ltd as a director.
Mr. Madhavan is a substantial shareholder of the Company, having a collective deemed interest of 5.5% of the ordinary shares in the Company.
KEY MANAGEMENT
MR. CHARLES MADHAVAN
(EXECUTIVE DIRECTOR & CHIEF EXECUTIVE OFFICER)
Mr. Madhavan was appointed by the shareholders as an Executive Director during an Extraordinary General Meeting (“EGM”) held on 9 January 2020. He was further appointed as the Chief Executive Officer of the Company on the same day. Mr. Madhavan is responsible for the strategic development of the Group’s business.
Mr. Madhavan has over 40 years of managerial, technical and on-shore, off-shore field operational experience with major global oil and gas corporations in various parts of the world. Mr. Madhavan started his career as a diver and welder at Vosper Thornycraft Shipyard operating in the shipbuilding industry. Mr. Madhavan would later join the Republic of Singapore Navy for a military career as a diving supervisor for a period of five (5) years. From 1980 to 1996, Mr. Madhavan had served in major oil and service companies in Africa, Southeast Asia, Middle East and Mediterranean like Amoco Egypt, Atlantic Richfield, Oceaneering Int’, Unocal Limited, and General Offshore Corporation/Hamstoft Submarine Cable Systems, a subsidiary of Cable & Wireless. In 2000, Mr. Madhavan became the executive director of Blue Water Engineering Pte Ltd, where he was responsible for managing the operations and business.
Mr. Madhavan was previously an Executive Director of GSS Energy Limited in 2015, an SGX-listed company in Singapore. Mr. Madhavan was also previously a Managing Director of the Company in 2018, where he was responsible for strategic development of the Group’s business.
Mr. Madhavan’s previous directorships also included stints at private companies at Java Petral Energy Pte Ltd, International Investments Technology Pte Ltd, and Nusantara Resources Pte Ltd. Mr. Madhavan is presently serving companies like Idola Cakrawala International Pte Ltd, Bumi Oriental Energy (Singapore) Pte Ltd (formerly known as White & Brown Holdings Pte Ltd), Ekamaro Sakti (S) Pte Ltd (formerly known as MOS Subsea Pte Ltd) and Blue Water Engineering Pte Ltd as a director.
Mr. Madhavan is a substantial shareholder of the Company, having a collective deemed interest of 5.5% of the ordinary shares in the Company.
MANAGEMENT SUPPORT TEAM
Mr. Mustaza Bin Kassim
Chief Operating Officer – Magnus Energy Group Ltd.
Mr. Mustaza joined Magnus Energy Group Ltd as the Group’s Chief Operating Officer on 4 April 2022. Prior to that, he was a senior banker with over 40 years of experience and industry knowledge connecting Asia Pacific to the Gulf Cooperation Council (“GCC”) countries, and having set-up, led and managed the Singapore entities of several GCC banks with coverage of the Asia Pacific market.
He brings to the Group a unique blend of experience, contacts, client relationships, network, and management capabilities, largely in the financing of companies in the commodities and the oil & gas sectors. He also had working stints in Asia Pacific countries and including the UAE, Kuwait and Saudi Arabia with several reputable banks.
Outside of work, Mr. Mustaza has held board positions in several civic and educational organisations. Currently, he is a board member of the Singapore Accountancy Commission, a statutory board of the Ministry of Finance, Singapore.
Mr. Mustaza holds a degree in Industrial & Systems Engineering, University of Singapore (now known as the National University of Singapore (NUS)).
Mr. Maung Thein Htike
President – Mid-Continent Equipment Inc. (USA)
Mr. Htike joined Midcon in June 1993 as the Manager of Base Operations and Logistics. In June 2002, he was promoted to and was the General Manager until he moved to Mid-Continent Equipment Inc. (USA) in March 2008. Mr Htike is now the President and shareholder of Mid- Continent Equipment Inc. (USA) owning 20% of shares. He is responsible for overall operation and profitability of Mid-Continent Equipment Inc. (USA). He has total 26 years of oil & gas industry experiences in various capacities. Prior to joining Midcon, he worked for Yangon branch of Yukong Limited, a Korean oil & gas exploration company, as a Material and Logistics Executive between 1990 and 1993. Mr Htike holds a Bachelor of Commerce (B.Com) from Institute of Economics, Yangon in Myanmar.