Robert Chandran

Robert Viswanathan Chandran (May 31, 1950 – January 7, 2008) [ [http://www.bloomberg.com/apps/news?pid=20601087&sid=aYhaKxnO.fZg&refer=home Chemoil Shares Fall After Chief Executive's Death] , Bloomberg L.P., January 8, 2008.] was an Indian-born Singaporean business executive, and the founder and CEO of the Chemoil company.

Chandran was born in 1950 in Mumbai, India. He unsuccessfully applied to study medicine at the University of Madras, but instead undertook a Master's degree in chemistry. Following the death of his mother, he left India in 1972 and lived in the Philippines where he attended the Asian Institute of Management until 1976, when he emigrated to the United States with his Filipino-American wife Vivian. Chandran first made his fortune in California, investing in real estate in the San Francisco Bay Area. In 1981, he was naturalized as a U.S. citizen, and in the same year he founded Chemoil, a chemical and oil trading company specializing in ship-fueling.Arnold, Wayne: [http://www.forbes.com/business/global/2007/0903/044.html Singapore's 40 Richest: Riding the Waves] , "Forbes", 9 March 2007.]

By 1991, Chemoil was listed by "Forbes" as one of the United States' largest private companies, although a blow to the company's fortunes following a global downturn in shipping after the "Exxon Valdez" disaster forced a major restructure and refinancing. Chemoil formed a partnership with Japanese trading company Itochu, which bought a 50% stake in the company. In 2005, Chandran moved himself and the company to a base in Singapore to more easily capitalize on the Asian shipping market. He relinquished his U.S. citizenship and applied for Singaporean citizenship.

Chandran died on January 7, 2008 from injuries sustained when the helicopter in which he was traveling crashed in the Riau province of Indonesia. News of his death caused Chemoil's share price to drop by around 16 per cent. [ [http://uk.reuters.com/article/oilRpt/idUKSIN8821020080108 Singapore Hot Stocks-Chemoil slips on CEO's death] , Reuters, January 8, 2008.]

References