Summit Power International Strengthens Board with Appointment of Abdullah Tarmugi, Lim Hwee Hua, and Tang Kin Fei as Independent Directors
Singapore, 17th November 2017 – In line with plans to strengthen and expand its Board of Directors, Summit Power International Limited (“SPI”), a Singapore incorporated power producer, is pleased to announce the appointment of three new Non-Executive Independent Directors to strengthen the strategic leadership and corporate governance of SPI.
The three Directors joining SPI’s Board are Mr. Abdullah Tarmugi, Mrs Lim Hwee Hua, and Mr. Tang Kin Fei. Mr Abdullah will chair the Nominating Committee and the Remuneration Committee. Mrs. Lim will chair the Audit Committee. Mr Tang will chair the Strategy and Investment Committee. The new appointments took effect from 1 November 2017.
Mr Abdullah is an Independent Director at GuocoLand Limited, Goodhope Asia Holdings Ltd, The Islamic Bank of Asia Limited and Pacific Insurance Berhad. He is a member of the Presidential Council for Minority Rights, National University of Singapore Board of Trustees, Tsao Foundation and The Courage Fund. Previously, Mr Abdullah was the Speaker of Parliament from 2002 to 2011 and was the Member of Parliament for Siglap from 1984 to 2011. Prior to that, he held various ministerial positions in the Ministry of Environment, Ministry of Home Affairs and Ministry of Community Development and Sports.
Mrs Lim is a Director of Tembusu Partners Pte. Ltd, SGX-ST listed United Overseas Bank and Jardine Cycle & Carriage Ltd, and BW Group Ltd. She is also a senior advisor to Kohlberg Kravis & Roberts and a Distinguished Visiting Fellow of National University of Singapore at both the Business School and the Lee Kuan Yew School of Public Policy. Mrs Lim served as an elected Member of Parliament between 1996 and 2011 and enjoyed a varied career in financial services prior to her political appointments. She last served as Minister in the Prime Minister’s Office, and concurrently as Second Minister for Finance and Transport. Between 2011 and 2014, she served on the Ernst & Young Global Advisory Council.
Mr Tang is Director and Deputy Chairman of SIA Engineering Company. Previously, he was the Group President and Chief Executive Officer of Sembcorp Industries Ltd from May 2005 until his retirement on 31 March 2017. Mr Tang was with the Sembcorp Group for 30 years and has been credited with driving its transformation into an international energy, water, marine and urban development group. He currently sits on the Boards of the National Research Foundation as well as the Defence Science and Technology Agency of Singapore. He is a council member of the Singapore Chinese Chamber of Commerce & Industry and the Council Chairman of Ngee Ann Polytechnic. In addition, he is the Vice Chairman and a trustee of the Kwong Wai Shiu Hospital, a charitable hospital which provides care for elderly and needy patients in Singapore.
Muhammed Aziz Khan, Founder and Chairman of Summit Power International and Summit Group said: “On behalf of my fellow directors and management, I enthusiastically welcome Mr. Abdullah, Mrs Lim, and Mr Tang to the Board of Summit Power International. We are committed to maintaining high standards of corporate governance and believe that the appointment of these highly accomplished directors will bring great expertise and experience to the Board and its committees. We look forward to their strategic insights and intellectual guidance as we take Summit Power International to the next level of growth and aim to become the leading provider of energy solutions in emerging Asia.”
With the addition of these new Directors, the Board of SPI has eight Directors, three of whom are independent. Summit Power International is a member of the Summit Group, one of the largest infrastructure-focused conglomerates in Bangladesh, employing over 7,000 people across energy, ports, shipping, hospitality and information technology.
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Mohsena Hassan
Head of Public Relations & Media
Summit Corporation Limited
Email: mohsena.hassan@summit-centre.com
Mobile: +8801713081905
ABOUT SUMMIT POWER INTERNATIONAL
Incorporated in Singapore, SPI is a leading developer, owner and operator of energy assets in emerging Asia.
Having established Bangladesh’s first independent power plant in 1997, SPI is the largest Independent Power Producer in the country, representing approximately 21% of the private power market with consolidated generating capacity of 1,160 megawatts.
At SPI, our business is underpinned by our values of improving the quality of lives by providing the most needed infrastructure. As the recipient of the Best Power Generation Project Award in Bangladesh for four consecutive years (2013-2016), we have extensive experience and a proven track record in developing and operating technologically advanced power plants.
A trusted partner in power infrastructure development and technology transfer, SPI has strong aspirations to improve energy infrastructure in emerging Asia by expanding its operations to Sri Lanka, Myanmar, Vietnam and Indonesia.
For more information: https://summitpowerinternational.com/