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

Issuer & Securities

Issuer/ Manager
SATS LTD.
Securities
SATS LTD. - SG1I52882764 - S58
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
17-Apr-2017 18:22:22
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director
Announcement Reference
SG170417OTHRDTNJ
Submitted By (Co./ Ind. Name)
Low Siew Tian
Designation
Assistant Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Ms. Jessica Tan as an Independent Non-Executive Director of SATS Ltd.

Additional Details

Date Of Appointment
17/04/2017
Name Of Person
Jessica Tan Soon Neo
Age
51
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Ms. Jessica Tan is currently a Member of Parliament in Singapore for the East Coast GRC, the Chairman for the Public Accounts Committee, the Chairperson for the East Coast Town Council and a member of the Social and Family Development and Manpower Government Parliamentary Committee.

Ms. Tan was the Managing Director of Microsoft Singapore from July 2013 to December 2016 and the General Manager, Enterprise and Partner Group of Microsoft Asia Pacific from July 2011 to June 2013.

Ms. Tan has extensive experience in IT Industry. Her strengths are in business development, building organizational capacity and capability, leading profitable and sustainable businesses, developing strong customer and partner relationships, leading strategic business initiatives and successful change.

With more than 27 years of experience in the IT Industry, 13 years with Microsoft and 14 years with IBM, her wealth of experience will enhance and complement the competencies and skills of the present Board.

The Board has approved the appointment of Ms. Tan as an Independent Non-Executive Director of the Company after having considered the recommendation of the Nominating Committee and having reviewed the experience and skillset of Ms. Tan.
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 Non-Executive Director
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
Managing Director, Microsoft Singapore [July 2013 to December 2016]
General Manager, Enterprise and Partner Group of Microsoft Asia Pacific [July 2011 to June 2013]
Managing Director, Microsoft Singapore [July 2008 to June 2011]
General Manager, Partner & Employee Experience, Microsoft Operations, Asia Pacific region [September 2006 to June 2008]
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)
1. First Deputy Chairman, Singapore International Chamber of Commerce

2. Managing Director, Microsoft Holdings Pte. Ltd.

3. Director, WNC 2011 Singapore Pte. Ltd.
Present
1. Non-Executive Director, ST. Joseph's Institution International Ltd., Singapore

2. Non-Executive Director, ST. Joseph's Institution International Elementary School Ltd., Singapore

3. Non-Executive Director, Changi Health Fund (Ltd.)
(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
SATS Directors, upon appointment, are advised of the directors' duties and obligations and compliance requirements under the relevant statutes and the SGX Listing Manual. The Company will advise, and subject to availability and other factors, sponsor the Directors for relevant and useful seminars conducted by external organisations pertaining to, inter alia, listed company directors' duties, corporate governance and the financial reporting regime.