30 Apr 2020
Change - Announcement Of Appointment Of Chief Financial Officer (Designate)
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Apr 30, 2020 17:30 |
| Status | New |
| Announcement Sub Title | Appointment of Chief Financial Officer (Designate) |
| Announcement Reference | SG200430OTHR8E3A |
| Submitted By (Co./ Ind. Name) | Josephine Toh |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Chief Financial Officer (Designate) of the Company. |
| Additional Details | |
| Date Of Appointment | 04/05/2020 |
| Name Of Person | Yeo Sock Koon |
| Age | 53 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Nominating Committee, Audit Committee and the Remuneration Committee (collectively, the "Board Committees") have reviewed the experience and credentials of Ms Yeo and are satisfied that Ms Yeo is appropriately qualified and competent for the Chief Financial Officer ("CFO") role. Based on the Board Committees' recommendation, the Board approved the appointment of Ms Yeo as CFO of the Company. Ms Yeo will join the Company as CFO-Designate on 4 May 2020 to allow for a smooth transition and handover of duties. She will assume the role as CFO on 12 June 2020 after the resignation of the current CFO. |
| Whether appointment is executive, and if so, the area of responsibility | Executive. Ms Yeo will be responsible for all matters relating to the finance and accounting functions including the review and implementation of corporate policies, regulatory compliance, risk management, financial planning and analysis, taxation, management accounting, budgeting and forecasting, corporate secretarial and legal matters. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Financial Officer |
| Professional qualifications | Bachelor of Accountancy Graduate of Institute of Secretaries and Administrators |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries | No |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | 2014 - 2018 The Straits Trading Company Limited Chief Financial Officer 2007 - 2014 Sembcorp Industries Ltd. Senior Vice President, Reporting & Analytics Centre of Excellence |
| Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) | Yes |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| # These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8). | |
| Past (for the last 5 years) | 1. Malaysia Smelting Corporation Berhad 2. Baxterley Holdings Private Limited 3. Bushey Park Private Limited 4. STC International Holdings Pte. Ltd. 5. STC International Private Limited 6. STC International Investment Holdings Pte. Ltd. 7. Straits Developments Private Limited 8. Straits Trading Amalgamated Resources Private Limited 9. Straits Investment Holdings Pte. Ltd. 10. Sword Private Limited 11. Tertius Development Pte. Ltd. 12. STC Capital Pte. Ltd. 13. Straits Equities Holdings (One) Pte. Ltd. 14. Straits Equities (Two) Pte. Ltd. 15. Sword Investments Private Limited 16. Far East Hospitality Holdings Pte. Ltd. 17. Straits Resource Management Private Limited 18. Straits Trading Amalgamated Resources Sdn. Bhd. 19. STC Realty (Butterworth) Sdn. Bhd. 20. STC Property Management Services Sdn. Bhd. (formerly known as Straits Trading Factory Sdn. Bhd.) 21. Sword Properties Pty Ltd 22. STC International (Australia) Pty Ltd 23. STC Management Holdings Limited 24. Malayan Securities Private Limited (Liquidated) 25. STC International Properties Pte. Ltd. (Liquidated) 26.Straits Media Private Limited (Liquidated) |
| Present | Nil |
| (a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? | No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | No |
| (c) Whether there is any unsatisfied judgment against him? | No |
| (d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? | No |
| (e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? | No |
| (g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| (j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :- | |
| (i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | No |
| (ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or | No |
| (iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No |
| (iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | No |
| (k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | No |
| Any prior experience as a director of an issuer listed on the Exchange? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | Not Applicable |
| Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable) | Not Applicable |