Change - Announcement of Cessation::Cessation as EVP Brazil (Mr Knut Ola Tverdal)

Issuer & Securities

Issuer/ Manager
VARD HOLDINGS LIMITED
Securities
VARD HOLDINGS LIMITED - SG2C47963963 - MS7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
19-Jun-2017 17:21:45
Status
New
Announcement Sub Title
Cessation as EVP Brazil (Mr Knut Ola Tverdal)
Announcement Reference
SG170619OTHRFG6Z
Submitted By (Co./ Ind. Name)
Elizabeth Krishnan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation as EVP Brazil (Mr Knut Ola Tverdal)

Additional Details

Name Of Person
Knut Ola Tverdal
Age
45
Is effective date of cessation known?
Yes
If yes, please provide the date
16/06/2017
Detailed Reason (s) for cessation
Mr Knut Ola Tverdal ceases to be a member of the Executive Management Team and will continue to work with CEO Mr Roy Reite on special projects.
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
10/11/2014
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
EVP Brazil
Role and responsibilities
Responsible for the Brazil operations in VARD.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
None
Present
Chairman of the Board - Vard Promar SA