Tengku Muhammad named as Petronas group chief financial officer

PricewaterhouseCoopers Malaysia (PwC Malaysia) partner Tengku Muhammad Taufik Tengku Aziz has been named as the group chief financial officer (CFO) of Malaysian oil and gas major Petroliam Nasional Bhd (Petronas).

Tengku replaces Datuk Manharlal Ratilal, as the new CFO on October 15 at the government-owned oil and gas major, the Prime Minister’s Office (PMO) said in a statement.

A member of the Institute of Chartered Accountants in England and Wales and the Malaysian Institute of Accountants, Taufik currently serves as the oil and gas leader at PwC Malaysia. Previously, he was also the group CFO for SapuraKencana Petroleum Bhd (now Sapura Energy Bhd) from Dec 2012 to Jan 2015.

Concurrently, Tengku Muhammad Taufik will also be appointed to Petronas’ board of directors alongside two new board appointments namely Finance Ministry deputy treasury secretary-general Datuk Siti Zauyah Md Desa and Economic Affairs Ministry macro economy director Zakiah Jaafar.

Separately, PMO also announced the appointment of Datuk Zulkifli Fadzilah as the new chairman of Perbadanan Nasional Bhd (PNS), also effective October 15.

Zulkifli was previously the CEO of Perbadanan Usahawan Nasional Bhd for seven years from 2011 to 2017. He is also a committee member under Bank Negara Malaysia’s small loan resolution scheme, which was introduced by the central bank in 2005. He is an alumnus of the California State University and holds a masters in finance from Golden Gate University, San Francisco.

Zulkifli will take over the chairmanship from Datuk Seri Syed Ali Syed Abbas Al-Habshee, who has served as PNS chairman since June 2015.