Teo Ser Luck, CAO’s non-executive and independent director, is the chairman of the committee.
Zhang Yuchen, a non-executive and non-independent director, is the vice-chairman of the committee. Zhang is also the general manager of procurement management at China National Aviation Fuel Group Limited.
Other members of the committee are Hee Theng Fong, Dr Fu Xingran and Dr Jeffrey Goh Mau Seong.
The committee will operate from Jan 1, 2023. The appointments will also take effect then.
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Shares in CAO closed 1 cent higher or 1.26% up at 80.5 cents on Dec 23.