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Change - Announcement Of Appointment Of Executive Director And Acting Chief Executive Officer

BackMay 19, 2017
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast May 19, 2017 17:24
Status New
Announcement Sub Title Announcement on Appointment of Executive Director and Acting Chief Executive Officer
Announcement Reference SG170519OTHRPKLO
Submitted By (Co./ Ind. Name) Carl Gabriel Florian Stubbe
Designation Chairman of the Board
Description (Please provide a detailed description of the event in the box below) Appointment of Mr Tan Kok Mian Victor (Chen Guomin Victor) as Executive Director and Acting Chief Executive Officer
Additional Details
Date Of Appointment 19/05/2017
Name Of Person Tan Kok Mian Victor (Chen Guomin Victor)
Age 49
Country Of Principal Residence Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) As part of the succession planning of Bowsprit Capital Corporation Limited, as Manager of First Real Estate Investment Trust (the "Manager"), Dr Ronnie Tan Keh Poo will retire as Executive Director and Chief Executive Officer of the Manager. Upon the recommendation of the Nominating & Remuneration Committee, the Board approved the appointment of Mr Tan Kok Mian Victor (Chen Guomin Victor) as Executive Director and Acting Chief Executive Officer of the Manager after reviewing his qualifications, work experience and expertise.
Whether appointment is executive, and if so, the area of responsibility The appointment is executive in nature. Mr Victor Tan has full executive responsibilities over the business direction and operational decisions in the day-to-day management of the Manager. He will continue to assume the role of Chief Financial Officer until the new Chief Financial Officer is appointed.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Executive Director and Acting Chief Executive Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries None
Conflict of interests (including any competing business) None
Working experience and occupation(s) during the past 10 years April 2008 to Present: Bowsprit Capital Corporation Limited
September 1997 to March 2008: Parkway Holdings Limited
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 51,755 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) None
Present Please refer to Annexure A
(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? No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company Mr Victor Tan is familiar with the roles and responsibilities as a director of a public listed company in Singapore and would attend training to broaden his knowledge. Mr Victor Tan shall further attend the relevant training arranged for the members of the Board.

Attachments

  1. Annexure A (Size: 6,169 bytes)

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