Change - Announcement of Appointment::Appointment of Chief Executive Officer of DFZ Capital Berhad, a subsidiary of the Company

Issuer & Securities

Issuer/ Manager
DUTY FREE INTERNATIONAL LIMITED
Securities
DUTY FREE INTERNATIONALLIMITED - SG2C70966271 - 5SO
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Sep-2016 18:26:11
Status
New
Announcement Sub Title
Appointment of Chief Executive Officer of DFZ Capital Berhad, a subsidiary of the Company
Announcement Reference
SG160901OTHRQ7UW
Submitted By (Co./ Ind. Name)
Lee Sze Siang
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Chief Executive Officer of DFZ Capital Berhad, a subsidiary of Duty Free International Limited.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Advisors Private Limited (formerly known as Canaccord Genuity Singapore Pte. Ltd.) (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Goh Mei Xian (Tel: (65) 6532 3829) at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542.

Additional Details

Date Of Appointment
01/09/2016
Name Of Person
Winnen, Andreas Curt
Age
47
Country Of Principal Residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee (the "NC") and the Board of Directors (the "Board") of the Company have reviewed the appointment of Mr Winnen Andreas Curt ("Mr Winnen") as the Chief Executive Officer of DFZ Capital Berhad, a subsidiary of the Company. The Board approved his appointment based on his past qualifications and work experience.

The NC and the Board believe that Mr Winnen's experience would be beneficial to the Group.
Whether appointment is executive, and if so, the area of responsibility
Executive

Mr Winnen is responsible for carrying out the strategies and policies as established by the board of directors of DFZ Capital Berhad and overseeing the operations and business development of the duty-free business of DFZ Capital Berhad and its subsidiaries in Malaysia.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer of DFZ Capital Berhad, a subsidiary of the Company
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
From January 2006 to December 2007, Mr Winnen was a Managing Director and Chief Executive Officer of Tchibo Manufacturing (Austria) GmbH in Vienna, Austria where he was responsible for the administrative and technical issues of the company.

Subsequently, from January 2008 to August 2008, he was attached to Tchibo Romania SRL in Bucharest, Romania and was responsible for the adminstrative and operational issues of the company.

From September 2008 to August 2016, he was a Managing Director of Heinrig Impex SRL for the Romanian branches of Gebr. Heinamann, where he was responsible for the adminstrative and operational issues of the company.

He was also concurrently attached to Regal GH, Ljubljana, Slovenia, the Slovene branch of Gebr. Heinemann as a Managing Director who was responsible for the adminstrative and operational issues of the company from December 2013 to July 2016.
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)
Travel Free d.o.o
Gornji Bukovac 88, 10000 Zagreb
Croatia
Managing Director: 19 November 2013 to 17 June 2014

Regal GH d.o.o.
Bleiweisova cesta 30
1000 Ljubljana
Managing Director: 10 December 2013 to 25 July 2016
Present
S.C Heinrig Impex SRL
Port Constanta, Sector Sud
Cladire Anexa Sociala
907015 Agigea, Judetul Constanta
Managing Director: 1 November 2008 to present

SC Heinrig Impx SRL Filiala Bucuresti
Strada Sabinelor 104A, Sector 5,
050854 Bucuresti
Managing Director: 1 November 2008 to present

Heinrig Slovakia s.r.o
Letisko Kosice
041 75 Kosice IV
Managing Director: 23 March 2012 to present
(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 No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
N/A