Change - Announcement of Appointment::Appointment of Chief Executive Officer and Executive Director

Issuer & Securities

Issuer/ Manager
ARA TRUST MANAGEMENT (SUNTEC) LIMITED
Securities
SUNTEC REAL ESTATE INV TRUST - SG1Q52922370 - T82U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
02-Dec-2016 17:32:37
Status
New
Announcement Sub Title
Appointment of Chief Executive Officer and Executive Director
Announcement Reference
SG161202OTHR2TJ3
Submitted By (Co./ Ind. Name)
Yeo See Kiat
Designation
Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Chief Executive Officer and Executive Director

Additional Details

Date Of Appointment
01/01/2017
Name Of Person
Chan Kong Leong
Age
44
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 Manager's succession planning, Mr Yeo See Kiat will be retiring as Chief Executive Officer and Executive Director of the Manager. The Board has reviewed and concluded that Mr Chan Kong Leong ("Mr Chan"), possesses the requisite qualifications and experience to assume the position of Chief Executive Officer and Executive Director of the Manager. Mr Chan is currently the Chief Operating Officer of the Manager.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive. Mr Chan will be responsible for the overall performance and direction of Suntec REIT.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer and Executive Director
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
Sembawang Kimtrans Ltd
2003 - 2007
- Chief Operating Officer

Guocoland Limited
2007 - 2010
- Head, Corporate Finance, Investor Relations & Corporate Communications

CapitaLand Limited
2010 - 2016
- Senior Vice President
- Head, Regional Investment, Asset & Fund Management
- Program Director, CAPITASTAR
- Regional General Manager, West China
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
Direct interest of 176,000 Suntec REIT 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)
Please see Annexure A
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
(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
The Manager will arrange for the relevant training for Mr Chan to attend and further update his knowledge on the roles and responsibilities of a Director of a listed company.

Attachments

Annexure A - Past Directorships of Mr Chan Kong Leong.pdf
Total size =28K