Vallianz Holdings' director and vice chairman Jonathan Lim to resign

Reconstitution of board and strengthened senior management team encouraged Lim to hand over his responsibilities.

Vallianz Holdings Limited (“Vallianz”) a vessel owning company, on Thursday announced that Mr. Jonathan Lim will step down as Non-Executive Director and Vice Chairman. He will remain as the Company’s Advisor for the next 12 months.

Mr. Schau, Executive Director and Group CEO of Vallianz said: “Jonathan was instrumental in establishing a new business focus for the Group in vessel and equipment ownership, leasing and fleet management. With the reconstitution of the Board and a strengthened senior management team in place, Jonathan believes that the time is right to hand over his responsibilities.”

“The Board of Directors recognises Jonathan’s contribution to Vallianz as we position ourselves to transform into a marine support services company to the offshore oil and gas industry. We look forward to his continued contribution in his new capacity as Advisor to the Company.”