Change - Announcement of Cessation::Resignation of Group Chief Executive Officer of Millennium & Copthorne Hotels Limited

Issuer & Securities

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

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Jul-2020 19:30:48
Status
New
Announcement Sub Title
Resignation of Group Chief Executive Officer of Millennium & Copthorne Hotels Limited
Announcement Reference
SG200721OTHRSJXH
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)
Resignation of Mr Clarence Tan as the Group Chief Executive Officer of Millennium & Copthorne Hotels Limited, a wholly-owned subsidiary of City Developments Limited.

Additional Details

Name Of Person
Clarence Tan Hung Chua
Age
52
Is effective date of cessation known?
Yes
If yes, please provide the date
02/08/2020
Detailed Reason (s) for cessation
Mr Clarence Tan has submitted his resignation as the Group Chief Executive Officer of Millennium & Copthorne Hotels Limited ("M&C"), which resignation will take effect on 2 August 2020. Mr Tan has shared that he is resigning in order to spend more time with his family. Moving forward, he remains open to interesting or suitable opportunities that may come along.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
02/04/2020
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Executive Officer of M&C.
Role and responsibilities
Mr Tan was responsible for the development and implementation of the strategic plans and operational policies of M&C, and in leading the M&C management team in the operations of M&C.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Nil
Present
Travelodge Hotels (Asia) Pte. Ltd.