Change - Announcement of Cessation::Cessation of Chief Financial Officer - Mr Ignacio Carmelo O Sison

Issuer & Securities

Issuer/ Manager
DEL MONTE PACIFIC LIMITED
Securities
DEL MONTE PACIFIC LIMITED - VGG270541169 - D03
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Sep-2015 08:00:14
Status
New
Announcement Sub Title
Cessation of Chief Financial Officer - Mr Ignacio Carmelo O Sison
Announcement Reference
SG150921OTHR8GZ6
Submitted By (Co./ Ind. Name)
Antonio E S Ungson
Designation
Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Ignacio Carmelo O Sison as Chief Financial Officer of the Company

Additional Details

Name Of Person
Ignacio Carmelo O Sison
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
21/09/2015
Detailed Reason (s) for cessation
Mr Ignacio Carmelo O Sison has been promoted to Chief Corporate Officer, Del Monte Pacific Limited, in charge of Corporate and Strategic Planning, Enterprise Risk Management, Corporate Sustainability, Corporate Governance for the Singapore Exchange Securities Trading Limited ("SGX-ST"), Philippine Stock Exchange, Inc. ("PSE") and Philippine Securities and Exchange Commission ("SEC"), and Investor Relations. Mr Sison will perform similar functions for the NutriAsia Group of Companies, which includes Del Monte Pacific Limited and NutriAsia Inc. The Company will make the necessary announcements or seek approvals, as may be required by the SGX-ST's rules on Interested Person Transactions. Please refer to the separate announcements today with respect to Mr Sison's promotion and his successor as Chief Financial Officer.
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
01/10/2006
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
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
The CFO is responsible for the financial and risk management operations of the Company, including the development of a financial plan, ensuring control systems designed to preserve company assets and reporting accurate financial results. Responsibilities include Financial Planning, Treasury, Controllership, Enterprise Risk Management, Corporate Sustainability, Governance and Investor Relations.
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?
Yes
Shareholding Details
1,079,736 shares (SGX and PSE)
Past (for the last 5 years)
NA
Present
Del Monte Colombiana SA (2014 to present)

Del Monte Ecuador DME CA (Alternate Director) (2014 to present)