SINGAPORE - Noble Group independent director Andrew Herd will be appointed chairman of its audit committee from June 1, the company said in a release to the Singapore Exchange on Wednesday (May 16).
He will take over from Paul Brough, who steps down as chairman of the audit committee but will remain a member. Mr Brough is also chairman of Noble's board.
The commodities group on Tuesday reported a first quarter net loss of US$71.5 million, narrowing from a net loss of US$129.3 million in the previous year.
For the three months ended March 31, revenue slumped 39 per cent to US$1.21 billion from the preceding year.