Change - Announcement of Appointment::Appointment of Non-Independent Non-Executive Director and Audit and Risk Committee Member

Issuer & Securities

Issuer/ Manager
LENDLEASE GLOBAL COMMERCIAL TRUST MANAGEMENT PTE. LTD.
Securities
LENDLEASE GLOBAL COMMERCIAL REIT - SGXC61949712 - JYEU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
25-Oct-2021 17:48:01
Status
New
Announcement Sub Title
Appointment of Non-Independent Non-Executive Director and Audit and Risk Committee Member
Announcement Reference
SG211025OTHRY5N8
Submitted By (Co./ Ind. Name)
Kevin Cho
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Independent Non-Executive Director and Audit and Risk Committee Member

Additional Details

Date Of Appointment
26/10/2021
Name Of Person
Justin Marco Gabbani
Age
40
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Justin Marco Gabbani was appointed on 1 June 2021 as the Chief Executive Officer (CEO), Asia, Lendlease Group to succeed Mr Anthony Peter Lombardo who became the Global CEO, Lendlease Group on 1 June 2021.

As part of internal key management succession planning of the Lendlease Group, the Nomination and Remuneration Committee recommended that Mr Gabbani be appointed as a Non-Independent Non-Executive Director in place of Mr Lombardo.

The Board, taking into consideration the credentials, experience, and qualifications of Mr Justin Marco Gabbani, approved the appointment of Mr Gabbani as Non-Independent Non-Executive Director of the Company.

Following Mr Gabbani's appointment as Non-Independent Non-Executive Director, he will also be appointed as a member of the Audit and Risk Committee of the Company.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director and member of Audit and Risk Committee.
Professional qualifications
Chartered Accountant, Australia
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
Mr Gabbani is the Chief Executive Officer, Asia, Lendlease Group and a Director of Lendlease Investment Management Pte. Ltd. which is a related corporation of Lendlease Global Commercial REIT, the sponsor of Lendlease Global Commercial REIT.
Conflict of interests (including any competing business)
As above
Working experience and occupation(s) during the past 10 years
Present
Chief Executive Officer, Asia, Lendlease Group

2016 to 2021
Chief Financial Officer, Asia, Lendlease Group

2015 to 2016
Head of Investment & Capital Markets, Asia and Europe, Lendlease Group

2011 to 2015
Head of Investment & Capital Markets, Asia, Lendlease Group

2009 to 2011
Head of Product Development, Investment Management, Lendlease Group
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?
Yes
Shareholding Details
441,000 units
# 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)
Lendlease Global Commercial (IT) Pte. Ltd.

Lendlease Japan Holdings Pty Limited
Lendlease Singapore Holdings Pty Limited
Lendlease Asian Retail Investment Fund 1 Limited
Lendlease Asian Retail Investment Fund 2 Limited
Lendlease Asian Retail Investment Fund 3 Limited
Lendlease Asian Retail Investment Fund 4 Limited
Lendlease Asian Retail Investment Fund 5 Limited
Lendlease P&D Realty Sdn. Bhd.
Lendlease Retail Pte. Ltd.
Lendlease Singapore Pte. Ltd.
LLDCP Aquila Pte. Ltd.
Space Lab Holding Pte. Ltd.
Space Lab One Pte. Ltd.
Milano Central Pte. Ltd.
Roma Central Pte. Ltd.
Verona Central Pte. Ltd.
Lendlease Aurum 1 Asset Management Pte. Ltd.
Lendlease Aurum 1 Property Pte. Ltd.
Lendlease Aurum 2 Property Pte. Ltd.
Lendlease Aurum Asset Management Pte. Ltd.
Lendlease Aurum Property Holdings Pte. Ltd.
Lendlease Commercial Investments Pte. Ltd
Lendlease DC Holdings Trustee Pte. Ltd.
Lendlease Proptech Investments Pte. Ltd.
Lendlease Retail Investments 3 Pte. Ltd
Lendlease Senior Living Property Company Pte. Ltd.
Lendlease Vault Holdings Pte. Ltd.
Lendlease Global Commercial (AU) Pte. Ltd.
Lendlease Global Commercial (SG) Pte. Ltd.
Parkway Parade Partnership Pte. Ltd.
Lendlease GCR Investment Holding Pte. Ltd.
Lendlease Project Management & Construction (Shanghai) Co., Ltd
Present
Lendlease International Asia Holdings Pty Limited
LQ Hotel Sdn. Bhd.
LQ Residential 1 Sdn. Bhd.
LQ Residential 2 Sdn. Bhd.
LQ Residential 3 Sdn. Bhd.
LQ Retail Sdn. Bhd.
Plot 2 JV Development Sdn. Bhd.
Plot 2 JV Holdings Sdn. Bhd.
Lendlease Investment Management Pte. Ltd.
Erina Fair Singapore Pte. Ltd.
Lendlease Asia Holdings Pte. Ltd.
Lendlease LQ Residential 1 JR Pte. Ltd.
Lendlease LQ Residential 1 Pte. Ltd.
Lendlease LQ Residential 2 JR Pte. Ltd.
Lendlease LQ Residential 2 Pte. Ltd.
Lendlease LQ Residential 3 JR Pte. Ltd.
Lendlease LQ Residential 3 Pte. Ltd.
Lendlease LQ Retail Pte. Ltd.
Lendlease Plot 2 Holdings JR Pte. Ltd.
Lendlease Plot 2 Holdings Pte. Ltd.
Lendlease Plot 2 Hotel And Retail Pte. Ltd.
Lendlease Plot 2 Residential Pte. Ltd.
Lendlease R&H Holdings JR Pte. Ltd.
Lendlease R&H Holdings Pte. Ltd.
Lendlease TRX Hotel Pte. Ltd.
Lendlease Digital Asia Holdings Pte. Ltd.
Lendlease Digital Asia Pte. 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 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
N/A
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)
Mr Gabbani has undergone the requisite training on the following dates:

LED 1 - Listed Entity Director Essentials on 1 March 2021
LED 2 - Board Dynamics on 3 March 2021
LED 3 - Board Performance on 4 March 2021
LED 4 - Stakeholder Engagement on 5 March 2021
LED 5 - Audit Committee Essentials on 11 March 2021
LED 6 - Board Risk Committee Essentials on 12 March 2021