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

Issuer & Securities

Issuer/ Manager
SIA ENGINEERING COMPANY LIMITED
Securities
SIA ENGINEERING CO LTD - SG1I53882771 - S59
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Nov-2016 17:19:17
Status
New
Announcement Sub Title
Appointment of Non-Independent Executive Director
Announcement Reference
SG161101OTHRKHW4
Submitted By (Co./ Ind. Name)
Devika Rani Davar
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Png Kim Chiang, Chief Executive Officer, as a non-independent executive Director.

Additional Details

Date Of Appointment
01/11/2016
Name Of Person
Png Kim Chiang
Age
57
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Png's extensive experience in the aerospace industry will complement the core competencies of the current Board. After review of Mr Png's qualifications and experience, the Board approved the Nominating Committee's recommendation to appoint Mr Png as a non-independent executive Director on the Board of SIA Engineering Company Limited (SIAEC).
Whether appointment is executive, and if so, the area of responsibility
Mr Png will be appointed as an Executive Director. He is currently the Chief Executive Officer of SIA Engineering Company Limited.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
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
Mr Png Kim Chiang is the Chief Executive Officer of SIA Engineering Company (SIAEC) since 1 April 2015. He joined Singapore Airlines (SIA) in 1975 and has had 41 years of experience in the aerospace industry. He had served in various senior management positions in SIA and was appointed Senior Vice President (Services) of SIAEC in 2001. Prior to his appointment as Chief Executive Officer, he was appointed Senior Vice President (Commercial) in 2005, Senior Vice President (Aircraft and Component Services) in 2009 and Executive Vice President (Operations) in 2010.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
- 687,022 ordinary shares of SIAEC
- 101,820 Restricted Share Plan (RSP) conditional awards (Base Awards)
- 3,798 RSP final awards pending release
- 96,477 Performance Share Plan (PSP) conditional awards (Base Awards)
- 28,700 options to subscribe for SIAEC ordinary shares
# 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)
i) Chairman, Aerospace Component Engineering Services Pte Ltd
ii) Chairman, Aviation Partnership (Philippines) Corporation
iii) Chairman, JAMCO Aero Design & Engineering Pte Ltd
iv) Chairman, NexGen Network (1) Holding Pte Ltd
v) Chairman, NexGen Network (2) Holding Pte Ltd
vi) Deputy Chairman, Goodrich Aerostructures Service Centre Asia Pte Ltd
vii) Director, Goodrich Aerostructures Service (China) Co. Ltd
viii) Director, Hong Kong Aero Engine Services Ltd
ix) Director, Jamco Singapore Pte Ltd
Present
i) Deputy Chairman, Boeing Asia Pacific Aviation Services Pte Ltd
ii) Deputy Chairman, Singapore Aero Engine Services Pte Ltd
iii) Director, SIA Engineering (Philippines) Corporation
(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
As part of on-going training for Directors, the Company will, subject to availability and other factors, sponsor Directors for relevant courses and seminars conducted by external organisations on pertinent topics such as listed company directors' duties, corporate governance and the financial reporting regime.