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

Issuer & Securities

Issuer/ Manager
SINGAPORE TELECOMMUNICATIONS LIMITED
Securities
SINGTEL - SG1T75931496 - Z74
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Jan-2021 07:38:11
Status
New
Announcement Sub Title
Appointment of Non-Executive Director
Announcement Reference
SG210101OTHRS74G
Submitted By (Co./ Ind. Name)
Lim Li Ching
Designation
Assistant Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Rajeev Suri as a Director of Singtel

Additional Details

Date Of Appointment
01/01/2021
Name Of Person
Rajeev Suri
Age
53
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
After reviewing the recommendation of the Corporate Governance and Nominations Committee and Mr Suri's qualifications and experience (as set out below), the Board has confirmed Mr Suri's independence and approved his appointment as a non-executive/independent Director.
Whether appointment is executive, and if so, the area of responsibility
Non-executive and independent
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director
Professional qualifications
Bachelor of Engineering (Electronics and Communications) from Manipal Institute of Technology and an Hononary Doctorate from Manipal 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
1 May 2014 to 31 July 2020, President and Chief Executive Officer, Nokia Corporation
1 October 2009 to 30 April 2014, Chief Executive Officer, Nokia Solutions and Networks
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 August 2020 to 1 January 2021 - Advisor to the Board of Directors, Nokia Corporation
1 May 2014 to 31 July 2020 - President and Chief Executive Officer, Nokia Corporation
2016 to 31 July 2020 - Commissioner, United Nations Broadband Commission
Present
1 September 2020 to February 2021 - Senior Advisor Technology, Warburg Pincus
1 September 2020 to August 2021 - Operating Advisor, Apollo Global Management, Inc.
2018 to present - Board Director, Stryker Corporation
3 Nov 2020 to present - Industrial Advisor, Evli Growth Partners Oy
1 October 2020 to present - International Advisory Board Member, Aalto University, School of Business
(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?
Yes
If Yes, Please provide full details
On 9 December 2019, a former distributor Tecnoservices Limited (Tecnoservices) brought an application to commence private prosecution in Kenya against Nokia Corporation, Nokia Solutions and Networks Oy, Mr Rajeev Suri and a partner of Nokia's law firm Roschier Attorneys Ltd in connection with a now terminated arbitration related to the termination of a distribution agreement that was transferred to Microsoft as part of the sale of Nokia's devices and services business. In the draft charges submitted with the application, however, Tecnoservices appears to allege that all of the named parties unlawfully obtained Tecnoservices's Kenyan tax records and separately unlawfully obtained Tecnoservices's public company records, which were subsequently forged, all with an intent to use the information to mislead the tribunal in an ICC arbitration. Nokia believes these allegations are without merit and more specifically has moved to have Mr Suri dismissed from the case because Mr Suri was only named in the application since Mr Suri happened to be Nokia Corporation's Chief Executive Officer at the time the application was filed. Should you need any further information about the case, please do not hesitate to contact Nassib Abou-Khalil, Chief Legal Officer of Nokia.
(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?
Yes
If Yes, Please provide full details
A litigation was filed on 19 April 2019 against Nokia Corporation and certain executives, including Mr Rajeev Suri, in the United States District Court for the Southern District of New York relating to allegations of false and misleading statements and omissions concerning Nokia's progress of integration of Alcatel-Lucent S.A. and its readiness for the transition to fifth generation wireless technology. Should you need any further information about the case, please do not hesitate to contact Nassib Abou-Khalil, Chief Legal Officer of Nokia.
(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
No
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
After due consideration, the assessment of the Corporate Governance and Nominations Committee of Singtel (Committee) is that Mr Suri shall not be required to attend the training on the roles and responsibilities of a director of a listed issuer as prescribed by the Singapore Exchange (SGX) as he possesses other relevant experience, including the following:

(a) In his previous role as President and Chief Executive Officer of Nokia Corporation, Mr Suri had extensive experience dealing with the board and board committees of Nokia Corporation, which is listed on Nasdaq Helsinki, New York Stock Exchange and Euronext Paris.
(b) Mr Suri is a member of the board of Stryker Corporation, a company listed on the New York Stock Exchange. The United States of America is a Developed Market as defined under SGX s regulatory framework for secondary listings.