Keong-YapINTEROIL Corporation has appointed former Singapore Power chief financial officer Chee Keong Yap to its board.

Mr Yap, 54, who is a director of the Accounting and Corporate Regulatory Authority of Singapore, is also a director of ARA Asset Management Ltd, The Straits Trading Company Limited, and Tiger Airways Holdings Limited, all of which are listed on the Singapore Exchange.

He chairs the audit committee of the non-listed Citibank Singapore Limited. He is the chairman of CityNet Infrastructure Management and a member of Singapore’s Public Accountants Oversight Committee.

He sat on the working group of the Corporate Governance Oversight Committee of the Monetary Authority of Singapore.

Mr Yap has had a long career as an executive director, chief financial officer and adviser to Singaporean and Australian firms, including the Straits Trading Company Limited, Singapore Power Limited, SPI (Australia) Assets Pty Ltd and multi-national and Temasek-linked companies.

Mr Yap has an accounting degree from the National University of Singapore and is a fellow of the Institute of Singapore Chartered Accountants, CPA Australia and the Singapore Institute of Directors.

He joins the board immediately, replacing Samuel L. Delcamp who is retiring after three years as a director.

InterOil chairman Chris Finlayson said Mr Yap had a proven record over many years of value creation across multi-national listed and non-listed companies.

“His experience in executive management, corporate restructuring, mergers and acquisitions, governance and finance will provide InterOil with an additional skill set that will be necessary as we develop our Elk-Antelope LNG project in Papua New Guinea,” Mr Finlayson said.

“His knowledge of the Singapore energy market will be particularly helpful as Singapore continues to grow as an important trading hub for LNG in Asia.”

Mr Finlayson also paid tribute to Mr Delcamp for his loyal service to the company.

“Sam has provided invaluable advice to the board based on his 40 years of investment experience and we wish him well for his hard-earned retirement,” Mr Finlayson said.