Change - Announcement Of Retirement Of Executive Director

BackApr 28, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Apr 28, 2017 19:44
Status New
Announcement Sub Title Retirement of Executive Director
Announcement Reference SG170428OTHRCCP4
Submitted By (Co./ Ind. Name) Drew Ethan Madacsi
Designation Non-Executive Chairman
Description (Please provide a detailed description of the event in the box below) Retirement of Executive Director
Additional Details
Name Of Person Paul Andrew Crosio
Age 58
Is effective date of cessation known? Yes
If yes, please provide the date 28/04/2017
Detailed Reason (s) for cessation Mr Paul Andrew Crosio who retired pursuant to Regulation 114 of the Company's Constitution, did not wish to seek re-election and retired as an Executive Director of the Company following the conclusion of the Annual General Meeting held on 28 April 2017.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? No
Any other relevant information to be provided to shareholders of the listed issuer? No
Date of Appointment to current position 11/05/2016
Does the AC have a minimum of 3 members (taking into account this cessation)? Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation) 1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months 1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Executive Director
Role and responsibilities Paul is responsible for the day-to-day business operation and also overseeing the business expansion and the strategic business direction of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Not Applicable
Shareholding interest in the listed issuer and its subsidiaries? No
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