KUALA LUMPUR (Jan 4): MISC Bhd, which is 51% controlled by national oil company Petroliam Nasional Bhd (Petronas), announced the appointment of Afendy Mohamed Ali as its new chief financial officer (CFO) on Thursday.

His appointment will take effect from March 1, the shipping company’s bourse filing showed on Thursday.

Afendy, 50, succeeds Raja Azlan Shah Raja Azwa, who has held the CFO position since April 2019. Concurrently, Raja Azlan will transition into the role of MISC’s vice president of corporate planning.

According to MISC, Afendy started his career as an auditor with DSG Chartered Accountants (Liverpool, United Kingdom) in 1996.

In 2002, he joined Petronas as audit executive and since then, he has held various senior positions in the area of finance, corporate services and risk in the Petronas group.

At Thursday’s noon break, shares of MISC were seven sen or 0.95% lower at RM7.33. This gave the company a market capitalisation of RM32.72 billion.