Sembcorp Industries, announced, on Jan 15, that its group chief financial officer Graham Cockroft will step down, effective Feb 28.

Cockroft will return home to New Zealand following his resignation.

Ang Kong Hua, Chairman of Sembcorp says, “On behalf of the board, I would like to express our appreciation for the contribution Graham has made to Sembcorp and wish him every success in the future.”

Wong Kim Yin, group president & CEO adds, “A key member of the senior leadership team, Graham has contributed to the strategic development of Sembcorp over the last two and half years, and in particular to the demerger of the Marine business. On behalf of Sembcorp, I would like to wish him well, and success in his new ventures.”

SEE: Sembcorp Industries says it expects to incur losses for FY2020 in profit guidance

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“I am privileged to have been part of Sembcorp’s transformation journey. I believe that it is the right time for me to enter the next chapter of my career and I am looking forward to relocating back to New Zealand to be with family in these extraordinary times. I would like to thank my team for their outstanding support and look forward to seeing Sembcorp grow and deliver value to its stakeholders and communities,” says Cockroft.

Sembcorp Industries says it is now working on bringing in Cockroft’s successor.

Shares in Sembcorp Industries closed 1 cent lower or 0.5% down at $1.82.