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Change - Announcement Of Appointment Of Acting Chief Executive Officer
BackNov 23, 2016
| Announcement Details | |
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Nov 23, 2016 23:40 |
| Status | New |
| Announcement Sub Title | Announcement on Appointment of Acting Chief Executive Officer |
| Announcement Reference | SG161123OTHRF4XN |
| Submitted By (Co./ Ind. Name) | Dr Chua Yong Hai |
| Designation | Chairman |
| Effective Date and Time of the event | 23/11/2016 00:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Acting Chief Executive Officer |
| Additional Details | |
| Date Of Appointment | 23/11/2016 |
| Name Of Person | Hagan Shane Peter |
| Age | 49 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Mr Shane Hagan will be appointed Acting CEO of the Company with effect from 23 November 2016, following Mr Philip Levinson's departure, until the appointment of the next CEO. |
| Whether appointment is executive, and if so, the area of responsibility | Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Acting Chief Executive Officer |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | January 2016 to current Chief Operating Officer and Chief Financial Officer Cambridge Industrial Trust Management Limited November 2012 - October 2015 Chief Executive Officer Manager of Soilbuild REIT March 2011 - November 2012 Chief Financial Officer Manager of Mapletree Commercial Trust June 2010 - March 2011 Group Financial Controller Mapletree Investments Pte Ltd May 2009 - June 2010 Chief Financial Officer Manager of Lippo Mapletree Indonesia Retail Trust August 2007 - May 2009 Chief Financial Officer Manager of APL Japan Trust June 2003 - July 2007 Chief Financial Officer Manager of Ascendas Real Estate Investment Trust |
| 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? | Yes |
| Shareholding Details | 42,000 CIT units |
| # 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) | Mapletree Commercial Trust Treasury Company Pte. Ltd. |
| 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 |
| If Yes, Please provide full details | |
| (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? | Yes |
| If Yes, Please provide full details | Shane Hagan was appointed as CFO and Executive Director of APL Japan Trust Management Singapore Limited. This company was proposing to manage a SGX-ST listed Real Estate Investment Trust named APL Japan Trust which was slated to list in December 2007. The REIT listing was postponed due to the global financial crisis and in May 2009 the company was liquidated by way of a creditors liquidation. |
| (c) Whether there is any unsatisfied judgment against him? | No |
| If Yes, Please provide full details | |
| (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 |
| If Yes, Please provide full details | |
| (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 |
| If Yes, Please provide full details | |
| (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 |
| If Yes, Please provide full details | |
| (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 |
| If Yes, Please provide full details | |
| (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 |
| If Yes, Please provide full details | |
| (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 |
| If Yes, Please provide full details | |
| (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 |
| If Yes, Please provide full details | |
| (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 |
| If Yes, Please provide full details | |
| (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 |
| If Yes, Please provide full details | |
| (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 |
| If Yes, Please provide full details | |
| (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 |
| If Yes, Please provide full details | |
| Any prior experience as a director of a listed company? | No |
| If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company | NA |