Change - Announcement of Appointment::Appointment of Non-Executive and Independent Director

Issuer & Securities

Issuer/ Manager
SAKAE HOLDINGS LTD.
Securities
SAKAE HOLDINGS LTD. - SG1O42912715 - 5DO
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
06-Jul-2020 07:34:05
Status
New
Announcement Sub Title
Appointment of Non-Executive and Independent Director
Announcement Reference
SG200706OTHRW5YA
Submitted By (Co./ Ind. Name)
Shu Kwan Chyuan
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Sakae Holdings Ltd. (the "Company" and together with its subsidiaries, the "Group") is pleased to announce the appointment of Mr David Pang Kam Wei ("Mr David Pang") as Non-Executive and Independent Director of the Company with effect from 6 July 2020. Mr David Pang has also been appointed as Chairman of the Nominating Committee and a member of the Audit Committee effective from 6 July 2020.

Additional Details

Date Of Appointment
06/07/2020
Name Of Person
David Pang Kam Wei
Age
42
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors of Sakae Holdings Ltd. (the "Company") having reviewed and considered the qualification and working experience of Mr David Pang Kam Wei, has unanimously approved the appointment of Mr David Pang Kam Wei as Non-Executive and Independent Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Nominating Committee and a member of Audit Committee
Professional qualifications
Degree in Applied Economics, Nanyang Technological University
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Vice President, Human Resources & Chief of Staff, Shiseido Travel Retail Asia Pacific Pte Ltd from 2018 to present. Mr David Pang Kam Wei leads the integration of strategic priorities across the business, including corporate development and performance management. He is also responsible for the human resources, risk management and legal functions.

Senior Principal, Korn Ferry (SG) Pte Ltd from 2015 to 2017. Mr David Pang Kam Wei was responsible for sales, key account development, thought leadership and consulting projects for clients in Consumer Products, Financial Services and Technology sectors.

Principal, Mercer (Singapore) Pte Ltd from 2013 to 2015. Mr David Pang Kam Wei was responsible for sales, key account development and consulting projects for clients in Oil & Gas and Technology sectors.

Senior Manager, Accenture Pte Ltd from 2008 to 2013. Mr David Pang Kam Wei was responsible for client account management and consulting projects in organization design, talent strategy and change management.
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?
No
# 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)
Nil
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 an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
The Company will arrange for Mr David Pang Kam Wei to attend training organised by the Singapore Institute of Directors.