Change - Announcement of Appointment::Announcement Of Appointment Of Regional General Manager

Issuer & Securities

Issuer/ Manager
PETRA FOODS LIMITED
Securities
PETRA FOODS LIMITED - SG1Q25921608 - P34

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
07-May-2014 20:38:54
Status
New
Announcement Sub Title
Announcement Of Appointment Of Regional General Manager
Announcement Reference
SG140507OTHRWGVL
Submitted By (Co./ Ind. Name)
Lian Kim Seng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement Of Appointment Of Regional General Manager

Additional Details

Date Of Appointment
07/05/2014
Name Of Person
LIM HOCK THYE
Age
55
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The appointee is eminently suited to serve as Regional General Manager. The Company would like to appoint Lim Hock Thye as Regional General Manager ("GM"). He served as General Manager, Delfi Cocoa Malaysia, for 11 years from 2003 to 2013; and prior to that, he was Group Financial Controller for Petra Foods, for 8 years prior to the Company's IPO. He has up to 30 years of work experience, 22 years of which was from the cocoa/chocolate industry. A brief profile of Lim Hock Thye is attached below:-

Lim Hock Thye ("Hock Thye")
Hock Thye graduated from the University of Auckland, New Zealand with a Bachelor of Commerce, in 1981. A brief outline of his career is as follows:-

Position/Company & Year:-
General Manager, Delfi Cocoa Malaysia Sdn Bhd ("DCM") - 2003 to 2013
Project Leader, DCM - 2001 to 2003
Group Financial Controller, Petra Foods Pte Ltd - 1994 to 2001
Vice President, OCBC, Group Accounts - 1987 to 1993
Audit Assistant, Price Waterhouse & Co. Ltd - 1982 to 1987

As Regional GM, Hock Thye will report to John Chuang, Chief Executive Officer, Petra Foods Limited, with a "dotted line" to President, Branded Consumer Division, of the Company. When appointed, Hock Thye would be assigned to help the President, Branded Consumer Division, build the organisation and improve financial controls and administration in Nirwana Lestari in Indonesia and Delfi Marketing Sdn Bhd in Malaysia.
Whether appointment is executive, and if so, the area of responsibility
Executive. Assigned to oversee Finance and Administration in Indonesia & Malaysia.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Regional General Manager
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
He served as General Manager, Delfi Cocoa Malaysia, for 11 years from 2003 to 2013; and prior to that, he was Group Financial Controller for Petra Foods, for 8 years prior to the Company s IPO. He has up to 30 years of work experience, 22 years of which was from the cocoa/chocolate industry.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Deemed Interest of 173,000 ordinary shares of Petra Foods Limited.
# 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)
Delfi Cocoa Manufacturing SB, Delfi Marketing SB, Ceres Sime Confectionery SB, Brands of Hudsons SB
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 Yes, Please provide full details
N/A