Chemoil's CEO dies in helicopter crash
( dpa ) - Chemoil Energy's Chief Executive Officer Robert V Chandran died from injuries sustained in a helicopter crash in Indonesia, the company said on Tuesday.
The helicopter crashed in Riau province on January 6. Chandran, 57, died on Monday.
Terence Gidlow, the vice-president of business development, was also in the helicopter but in stable condition, the statement said.
Born in Mumbai, Chandran started Chemoil in 1982. It became the world's largest independent supplier of marine fuels.
"The board of directors are in discussion on succession issues to ensure business continuity," the statement said.
Shares of Chemoil slumped on the Singapore Exchange Tuesday.