InterOil appoints new board member

 INTEROIL has appointed former Singapore Power chief financial officer Chee Keong Yap to its board. 

Yap, 54, who is a director of the Accounting and Corporate Regulatory Authority of Singapore, is a director of ARA Asset Management Ltd, The Straits Trading Company Ltd and Tiger Airways Holdings Ltd, all of which are listed on the Singapore Exchange.

He chairs the audit committee of the non-listed Citibank Singapore Ltd. He is the chairman of CityNet Infrastructure Management Pte Ltd and a member of Singapore’s Public Accountants Oversight Committee. He sat on the working group of the Corporate Governance Oversight Committee of the Monetary Authority of Singapore.

He joins the board immediately, replacing Samuel L. Delcamp who is retiring after three years as a director.

InterOil chairman Chris Finlayson said Yap had a proven record over many years of value creation across multi-national listed and non-listed companies.

“His experience in executive management, corporate restructuring, mergers and acquisitions, governance and finance will provide InterOil with an additional skill set that will be necessary as we develop our Elk-Antelope LNG project in Papua New Guinea,” Finlayson said.

“His knowledge of the Singapore energy market will be particularly helpful as Singapore continues to grow as an important trading hub for LNG in Asia.”