Asia/Pacific News
Brightoil Confirm Head of Trading Quek Chin Thean Exit
Brightoil Petroleum have confirmed the exit of its global head of trading and chief executive of its Singapore operation as part of an anouncement on the strategic reform of its Fuel Oil International Trading and Bunkering Business.
"The Group announced that Mr. Quek Chin Thean will no longer be CEO of the trading and bunkering team, and would like to express its sincere gratitude to Mr Quek for his contributions to the Group, and wishes him all the best in his future endeavours," Brightoil said in the November 21, 2012 dated press release.
Ship & Bunker reported yesterday that sources said Quek Chin Thean had resigned from the firm, but confirmation could not be obtained from either Quek or Brightoil at the time.
Quek was previously global head of fuel oil trading with BP, and is the latest and most senior executive to leave Brightoil this year.
Former BP executives Vince Matassa, Paul Bradshaw, and Lim Eu Ming, three of around 20 staff who left BP to join Brightoil in 2010, all parted ways with Brightoil earlier this year.
A total of six executives are now reported to have left Brightoil since June.
Earlier this month the firm issued a profit warning saying that from the preliminary assessment of its unaudited management accounts "the Group has recorded a significant loss."
