Shamsul Abbas is new Petronas President and CEO

Shamsul Azhar Abbas has been appointed as the president and chief executive of state-run Petroliam Nasional Bhd. or Petronas, replacing Hassan Merican whose term expires on February 9, Malaysia’s Prime Minister Najib Razak said. Shamsul, 57, who was the president and chief executive of Malaysian shipping giant and Petronas unit MISC Bhd. between 2004 and 2009, will assume his new position on February 10, Najib said in a statement. (February 3, 2010)