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Change - Announcement Of Appointment As Chief Executive Officer

BackMay 26, 2017
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast May 26, 2017 17:32
Status New
Announcement Sub Title Appointment as Chief Executive Officer
Announcement Reference SG170526OTHRRC8X
Submitted By (Co./ Ind. Name) Ginney Lim May Ling
Designation Group Company Secretary
Description (Please provide a detailed description of the event in the box below) Appointment as Chief Executive Officer wef 1 September 2017 and Executive Director wef 1 July 2017.
Additional Details
Date Of Appointment 01/09/2017
Name Of Person Ng Yat Chung
Age 55
Country Of Principal Residence Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) The Board has considered the Nominating Committee's assessment of Mr Ng's qualifications and experience, and his contributions since he joined the Board on 1 August 2016, and its recommendations. The Board is satisfied that Mr Ng will be a valuable member of the management team and work with the Board and the Company to meet the challenges ahead and bring the Company to the next phase of growth.
Whether appointment is executive, and if so, the area of responsibility Mr Ng will be appointed as an Executive Director wef 1 July 2017, and as a Chief Executive Officer wef 1 September 2017.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Chairman of Board Risk Committee, member of Remuneration and Executive Committees. Will step down as Chairman of the Board Risk Committee on 1.7.2017.
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 1) Ministry of Defence Force - Chief (July 2003 to April 2007)
2) Temasek Holdings (Private) Limited (1 July 2007 to April 2011) - Last designation: Head, Energy & Resources; Co-Head, Australia & New Zealand / Co-Head Strategy
3) Neptune Orient Lines Ltd (1 May 2011 to 6 Sept 2016) - Executive Director
4) Neptune Orient Lines Ltd (1 Oct 2011 to 9 June 2016) - Group President and CEO
5) Neptune Orient Lines Ltd (9 June 2016 to 26 May 2017) - Special Advisor
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 4 SPH Management shares
# 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) Neptune Orient Lines Ltd
Present Singapore Institute of Technology (Chairman, Board of Trustees)
(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 a listed company? Yes
If Yes, Please provide details of prior experience 1) Neptune Orient Lines Ltd (May 2011 - Sept 2016)
2) Fraser and Neave Limited (2010)
3) Singapore Technologies Engineering Ltd (June 2003 - April 2007)

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