Icon Offshore shares fall 1.82% on news of managing director's resignation

PETALING JAYA: Icon Offshore Bhd’s share price fell 1.82% today on news of its managing director Amir Hamzah Azizan’s resignation.
At 11.34am, its share price fell 1.82% or 0.5 sen to 27 sen with a total of 737,200 shares traded. The stock closed unchanged at 27.5 sen last Friday on some 1.73 million shares done.
Last Friday, the company told Bursa Malaysia that Amir will be stepping down effective Nov 30, after helming the oil and gas firm for less than one-and-a-half years. His resignation is to pursue other opportunities.
“The invaluable experience I gained at Icon will serve me well beyond the oil and gas sector, into my next role at Themed Attractions Resorts & Hotel Sdn Bhd,” said Amir.
He was appointed on June 1, 2016 to replace Jamal Yusof, who was remanded in April 2015 to facilitate and assist investigations by the Malaysian Anti-Corruption Commission.
Icon will be conducting a search over the next few months to find its new managing director while COO Captain Hassan Ali will lead the group as acting managing director during the transition period.