Change - Announcement of Cessation::Change In Leadership Structure

Issuer & Securities

Issuer/ Manager
SINGAPORE TECHNOLOGIES ENGINEERING LTD
Securities
SINGAPORE TECH ENGINEERING LTD - SG1F60858221 - S63
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
17-Nov-2020 20:05:18
Status
New
Announcement Sub Title
Change In Leadership Structure
Announcement Reference
SG201117OTHROTRS
Submitted By (Co./ Ind. Name)
Tan Wan Hoon
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Formation of Group Executive Committee

Additional Details

Name Of Person
Lee Shiang Long
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2021
Detailed Reason (s) for cessation
Following the organisational changes, the current Management Committee of ST Engineering will be replaced with Group Executive Committee, comprising:-

Group President & Chief Executive Officer;
Group Chief Financial Officer;
Group Chief Operating Officer (Operations Excellence) and Chief Commercial Officer; and
Group Chief Operating Officer (Technology & Innovation) and President/Head of Defence & Public Security.

Dr Lee Shiang Long will be re-designated as Group Chief Technology & Digital Officer / Group Chief Engineering Officer / CTO, Defence & Public Security / President/Head, Land Systems.
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
01/04/2017
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)
7
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
President, Land Systems sector
Role and responsibilities
As above
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Singapore Technologies Engineering Ltd
- 213,729 shares
- up to 308,985 Performance Shares*
- 145,795 unvested Restricted Shares**

* pursuant to the ST Engineering Performance Share Plan 2010
** pursuant to the ST Engineering Restricted Share Plan 2010
Past (for the last 5 years)
Advanced Material Engineering Pte. Ltd.
SDDA Pte. Ltd.
ST Engineering IHQ Pte. Ltd.
ST Engineering Management Services Pte. Ltd.
ST Engineering Synthesis Pte. Ltd.
Unicorn International Pte Limited
Present
Advanced Pyrotechnic Materials Private Limited
ATREC Pte. Ltd.
ST Engineering Autonomous Solutions Pte. Ltd.
Mobility Systems Pte Ltd
Proteus Advanced Systems Pte. Ltd.
SDG Kinetics Pte. Ltd.
Singapore Commuter Private Limited
SMART Systems Pte Ltd
ST Engineering Land Systems Ltd.
ST Kinetics International Pte. Ltd.