KUALA LUMPUR (Apr 15): Perisai Petroleum Teknologi Bhd non-executive director (ED) Datuk Anwarrudin Ahamad Osman, 72, has been redesignated as chairman of the company, replacing Datuk Dr Mohamed Ariffin Aton.

Ariffin, 69, will remain as a non-independent non-ED of the company.

In a filing with Bursa Malaysia today, Perisai (fundamental: 0.45; valuation: 1.4) said Anwarrudin joined the civil service in 1966, serving in the Ministry of Defence.

In May 1975, he joined Petroliam Nasional Bhd (Petronas) and held various senior positions during his 23-year career in Petronas until his retirement in 1998 as managing director and chief executive officer of Petronas Dagangan Bhd.

Anwarrudin is also a director of Fraser & Neave Holdings Bhd and KKB Engineering Bhd.

Perisai shares closed 4 sen higher or 7.48% at 57.5 sen today, with a market capitalisation of RM638.25 million.

(Notes: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)