Serba Dinamik Holdings Bhd

10/01/2021 | Press release | Distributed by Public on 10/01/2021 07:41

Serba Dinamik restructures, appoints Mohamed Ackiel as new deputy CEO

KUALA LUMPUR: SERBA Dinamik Holdings Bhd is implementing an internal restructuring exercise which culminates in the establishment of a new deputy CEO position.

This follows a realignment exercise of the group's organisational chart by its board of directors and top management to ensure a more effective global operation which will ultimately enable the group to continue delivering its shareholder's mandate.

The exercise which entails the appointment of Dr Mohamed Ackiel Mohamed as deputy CEO with effect from today (Oct 1) also sees the appointment of a few key management personnel as heads of region in certain geographic business areas where the global integrated oil & gas (O&G) service provider has strong presence.

These heads of region will report directly to Mohamed Ackiel. This restructuring will also lead to the appointment of new faces to lead the corporate communication and stakeholder relations position, according to the company's internal statement sighted by Bernama.

Since its inception, Serba Dinamik has expanded to more than 25 countries. With the new structure, the group aims to further solidify its foothold in O&G, engineering, procurement, construction and commissioning as well as information and technology (IT) businesses through its strong geographical presence.

Therefore, more focus will be given to overseas operation and territory expansion for global growth.
However, there is no change of the company's head of finance with Azhan Azmi remaining the group chief financial officer (CFO).

Meanwhile, Serba Dinamik's founder Datuk Dr Mohd Abdul Karim Abdullah will remain as group managing director and CEO whereby he will oversee the entire operations for both domestic and internationally.

At present, Mohamed Ackiel is the company's senior vice president (special project), a position which sees him leading the companies digital transformations and several key initiatives and projects in the Middle East, Central Asia and Americas.

With a combined industry and academia experience of over 18 years, he is also the deputy chairman of board of governors for University Malaysia of Computer Science and Technology (UNIMY), a higher learning institution which is wholly owned by Serba Dinamik.

In essence, the new organisational structure encompasses both the domestic and global businesses with the ultimate aim of strengthening Serba Dinamik's business offerings to its clients in addition to improving the group's internal control and governance.

"As a global integrated O&G outfit, this new structure is a baby step to closely monitor the business and performance of Serba Dinamik," a company source told Bernama.

As of Sept 30, Serba Dinamik has workforce of 2,926 comprising permanent, long-term and contract employees (project basis) for both its domestic and international operations.
At the close of yesterday's trading. Serba Dinamik was down 1.5 sen or 4.48% to 32 sen with 112.25 million shares traded, thus valuing the company at RM1.19 bil. - Oct 1, 2021.