Change - Announcement of Appointment::Appointment of Chief Financial Officer

Issuer & Securities

Issuer/ Manager
CITY DEVELOPMENTS LIMITED
Securities
CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
11-Apr-2016 07:15:25
Status
New
Announcement Sub Title
Appointment of Chief Financial Officer
Announcement Reference
SG160411OTHR783M
Submitted By (Co./ Ind. Name)
Enid Ling Peek Fong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Chief Financial Officer of City Developments Limited.

Additional Details

Date Of Appointment
11/04/2016
Name Of Person
Yiong Yim Ming
Age
42
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee (NC) has recommended to the Board that Ms Yiong Yim Ming, Senior Vice President, Group Accounts (Subsidiaries and Joint Ventures), be appointed to take over the role of Chief Financial Officer (CFO) of the Company. The NC had taken into consideration, inter alia, Ms Yiong's qualifications, experience and competencies. Ms Yiong, who has been with the Company for more than 8 years since 2007, has extensive knowledge of the Group's financial and operation matters, both domestically and overseas, covering the Group's operations in property development, investment properties and hotels. The Board has approved the appointment as recommended by the NC, and is of the view that Ms Yiong's appointment as CFO will enable a smooth continuation of the finance function.
Whether appointment is executive, and if so, the area of responsibility
Executive, responsible for all financial functions which include strategic financial planning, financial reporting and accounting, corporate tax and treasury matters of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
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
July 2013 to current - Deputy General Manager, designation subsequently changed in Apr 2014 to Senior Vice President, Group Accounts (Subsidiaries and Joint Ventures), City Developments Limited

July 2008 to July 2013 - Assistant General Manager, Group Accounts, City Developments Limited

December 2007 to July 2008 - Senior Manager, Group Accounts, City Developments Limited

September 2005 to December 2007 - Senior Manager, Ernst & Young Singapore

July 1996 to September 2005 - Senior Manager, KPMG
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)
Nil.
Present
Adelais Properties Limited (as alternate director)
Adelphia Holdings Limited (as alternate director)
Adisa Holdings Pte. Ltd.
Beaumont Properties Limited (as alternate director)
Blest Investments Pte. Ltd.
CBM Pte Ltd.
Cenric Holdings Pte. Ltd.
Centroview Holdings Pte. Ltd.
Chania Holdings Limited (as alternate director)
Darien Properties Investment Limited (as alternate director)
Edeva Holdings Limited (as alternate director)
Finite Properties Investment Limited (as alternate director)
Greystand Holdings Limited (as alternate director)
Hayden Properties Investment Limited (as alternate director)
Ingall Holdings Limited (as alternate director)
Jayland Properties Limited (as alternate director)
Keygate Holdings Limited (as alternate director)
Landco Properties Limited (as alternate director)
Lukestone Properties Limited (as alternate director)
Melvale Holdings Limited (as alternate director)
Nedira Properties Limited (as alternate director)
Opaline Holdings Limited (as alternate director)
Palmerston Holdings Sdn Bhd (as alternate director)
Pinenorth Properties Limited (as alternate director)
Qaiser Holdings Limited (as alternate director)
Resselton Properties Limited (as alternate director)
Silkparc Holdings Limited (as alternate director)
OOO "Soft-Project" LLC
Trentworth Properties Limited (as alternate director)
U-Paragon Holdings Limited (as alternate director)
(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
Not applicable.