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| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jul 7, 2023 19:35 |
| Status | New |
| Announcement Sub Title | Appointment of Non-Executive and Independent Director |
| Announcement Reference | SG230707OTHRIQ3J |
| Submitted By (Co./ Ind. Name) | Lai Wai Kit Andrew |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Please see below. |
| Additional Details | |
| Date Of Appointment | 07/07/2023 |
| Name Of Person | Shailesh Anand Ganu |
| Age | 41 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | The Board of Directors has accepted the Nominating Committee's recommendation and assessment of Mr Ganu's qualifications, experience and skillsets. The Board of Directors is of the view that, taking into account Mr Ganu's extensive experience in executive compensation, board advisory and ESG, he will enhance the mix and balance of skills, experience and diversity of perspectives on the Board. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Independent Director Chairman, Risk and Sustainability Committee |
| Professional qualifications | Bachelors of Engineering in Chemical Engineering, Mumbai University - M.G.M. College of Engineering & Technology Masters of Business Administration, University of Wollongong - Sydney Business School |
| 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 | Willis Towers Watson (Singapore) (June 2017 to present) Managing Director Global Leader - Executive Compensation & Board Advisory Talent & Rewards Business Leader, South Asia (till April 2022) Mercer (Singapore) (April 2012 - May 2017) Partner; Market Leader for Talent Business - Asia Westpac Bank (Australia) (May 2009 - April 2012) Head of Reward, Executive Rewards and Governance Mercer (Australia) (July 2005 - April 2009) Associate Principal; Human Capital Advisory - ANZ Sunand Pharma (India) (June 2001 - January 2004) Chief Operations Officer and Plant Manager |
| 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) | Breast Cancer Foundation - Member of Executive Committee, Chairman of Nomination Committee, Member of Human Resource Committee |
| Present | Willis, Towers Watson (Singapore) - Managing Director; Global Leader - Executive Compensation & Board Advisory; Global Steering Committee Leader - ESG Advisory and Strategy Far East Orchard Limited - Independent Director, Chair of Remuneration Committee and Member of Nominating Committee SATA Commhealth - Independent Director, Chair of Human Resource Committee and Member of Digital Committee Singapore Institute of Directors - Governing Council Member and Chair of ESG Committee Climate Governance Initiative, World Economic Forum - Member of the Global Governing Board Vanguard Healthcare Pte Ltd - Independent Director NUS High School of Math and Science, Governing Board Member |
| (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? | Yes |
| If Yes, Please provide details of prior experience | Independent Director, Chair of Remuneration Committee and Member of Nominating Committee, Far East Orchard Limited |