Change - Announcement of Appointment::Appointment of Mr Kunnasagaran Chinniah as Non-Executive & Independent Director

Issuer & Securities

Issuer/ Manager
SEMBCORP INDUSTRIES LTD
Securities
SEMBCORP INDUSTRIES LTD - SG1R50925390 - U96
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-Jul-2023 17:32:28
Status
New
Announcement Sub Title
Appointment of Mr Kunnasagaran Chinniah as Non-Executive & Independent Director
Announcement Reference
SG230728OTHRP72L
Submitted By (Co./ Ind. Name)
Tan Yen Hui
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Kunnasagaran Chinniah as Non-Executive & Independent Director

Additional Details

Date Of Appointment
01/08/2023
Name Of Person
Kunnasagaran Chinniah
Age
66
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 appointment of Mr Chinniah was endorsed by the Nominating Committee and approved by 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 & Independent Director
Professional qualifications
Bachelor of Engineering (Electrical), National University of Singapore

Master of Business Administration, University of California Berkeley

Chartered Financial Analyst (CFA), CFA Institute
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
Mr Chinniah is a Consultant to Pavilion Capital International Pte Ltd and a non-executive director of Azalea Asset Management Pte Ltd, Astrea IV Pte Ltd, Astrea V Pte Ltd and Astrea VI Pte Ltd, all of which are subsidiaries of Temasek Holdings (Private) Limited ("Temasek"), a substantial shareholder of Sembcorp. He is also a non-executive independent director of CapitaLand Ascendas REIT Management Ltd, where Temasek is a substantial shareholder.

Mr Chinniah has confirmed that all his roles in the above companies are non-executive in nature and he is not involved in their day-to-day conduct of business. He is joining the Board of Sembcorp in his personal capacity and not as a representative of Temasek. He is not under any obligation, whether formal or informal, to act in accordance with the directions, instructions or wishes of Temasek in relation to the affairs of Sembcorp.

After assessment, the Board is of the view that the above relationships will not interfere with Mr Chinniah's independent judgement and ability to act in the interests of Sembcorp. On this basis, the Board considers Mr Chinniah an Independent Director of Sembcorp.
Conflict of interests (including any competing business)
Mr Chinniah is a nominee director of Greenko Energy Holdings, which is part of Greenko Group, and he represents GIC which is a major shareholder. Greenko Group owns and operates renewable energy business in India.

Mr Chinniah has confirmed that his role in the above companies is non-executive in nature and he is not involved in their day-to-day conduct of business. He is joining the Board of Sembcorp in his personal capacity and not as a representative of Greenko Group / GIC.

Mr Chinniah has also confirmed that he will abstain from participating in discussion and decision making on any matters where conflict of interests might arise between Sembcorp and Greenko Group / GIC.
Working experience and occupation(s) during the past 10 years
2012 - 2013: Head, GIC Global Infrastructure Group

2009 - 2013: Co-Head, Portfolio, Strategy and Risk Group, GIC Special Investments Pte Ltd

1989 - 2013: Various appointments at GIC Private 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?
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)
Please refer to Appendix attached
Present
Please refer to Appendix attached
(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
1) Non-Executive Independent Director of CapitaLand Ascendas REIT Management Limited (the manager of CapitaLand Ascendas REIT)

2) Non-Executive and Independent Director of Keppel Infrastructure Fund Management Pte Ltd (the trustee-manager of Keppel Infrastructure Trust)

Attachments

Appendix_List of Current and Past Appointments_KC.pdf
Total size =422K