General Announcement::(1) Appointment of Deputy Chief Executive Officer; (2) Cessation as a Member of the Audit Committee
Issuer & Securities
BUND CENTER INVESTMENT LTD
BUND CENTER INVESTMENT LTD - BMG1792W1284 - MQ4
Date &Time of Broadcast
Announcement Sub Title
(1) Appointment of Deputy Chief Executive Officer; (2) Cessation as a Member of the Audit Committee
Submitted By (Co./ Ind. Name)
Kimberley Lye Chor Mei
Description (Please provide a detailed description of the event in the box below)
The Board of Directors ("Board") of Bund Center Investment Ltd (the "Company") wishes to announce the following changes effective 2 March 2015:-
(1) Promotion of Ms Deborah Widjaja, Executive Director of the Company since May 2012, to Deputy Chief Executive Officer; and
(2) Cessation of Mr Franky Oesman Widjaja, as a member of the Audit Committee. He remains as a non-executive member of the Board, and a member of the Nominating and Remuneration Committees.
Additional information on (1) above is provided in a separate announcement.
The Audit Committee and the Board wish to record their deepest appreciation to Mr Franky Oesman Widjaja for his past contributions in his capacity as a member of the Audit Committee.
All of the interested Directors, being Mr Frankle (Djafar) Widjaja, Mr Franky Oesman Widjaja and Ms Deborah Widjaja, have abstained from the Nominating Committee and/or Board decisions in respect of the above.
Following these changes, the Board and the Audit Committee of the Company comprise the following members:-
Mr Frankle (Djafar) Widjaja - Executive Chairman and Chief Executive Officer ("CEO")
Mr Franky Oesman Widjaja - Non-Executive Director
Ms Deborah Widjaja - Executive Director and Deputy CEO
Mr Chew Yow Foo - Executive Director and Chief Financial Officer
Mr Lim Jun Xiong, Steven - Non-Executive and Independent Director
Mr David Yeow - Non-Executive and Independent Director
Mr Willy Shee Ping Yah @ Shee Ping Yan - Non-Executive and Independent Director
Mr Lim Jun Xiong, Steven - Chairman
Mr David Yeow - Member
Mr Willy Shee Ping Yah @ Shee Ping Yan - Member
By Order of the Board
Chew Yow Foo
2 March 2015