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

Issuer & Securities

Issuer/ Manager
GLOBAL LOGISTIC PROPERTIES LIMITED
Securities
GLOBAL LOGISTIC PROP LIMITED - SG2C26962630 - MC0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
02-Jan-2018 07:15:00
Status
New
Announcement Sub Title
Appointment of Chief Financial Officer
Announcement Reference
SG180102OTHRMDZY
Submitted By (Co./ Ind. Name)
Julie Koh Ngin Joo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Chief Financial Officer

Additional Details

Date Of Appointment
01/01/2018
Name Of Person
Kazuhiro Tsutsumi
Age
50
Country Of Principal Residence
Japan
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The appointment is part of the ongoing succession planning process to identify key talents within the organization to further strengthen its leadership and management bench to support sustainable growth. Given Mr. Kazuhiro Tsutsumi's extensive experience in management of capital, cash and treasury risks and treasury activities in multiple countries, and experience in corporate finance, tax and human resource, the Board is confident that Mr. Tsutsumi will be able to apply his experience in this appointment.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive. As Chief Financial Officer, Mr. Tsutsumi will assist the Chief Executive Officer in leading GLP's financial strategy and overseeing the Group's capital structure. Mr. Tsutsumi is responsible for Group-wide corporate finance including treasury and financial planning and reporting and will also continue in his roles of Global Treasurer and Chief Financial Officer of GLP Japan.
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
None.
Conflict of interests (including any competing business)
None.
Working experience and occupation(s) during the past 10 years
2012 - present : Global Treasurer for Global Logistic Properties Limited ( GLP ) and Chief Financial Officer of GLP Japan
- As Global Treasurer, responsible for management of GLP's capital, cash and treasury risks and oversees treasury activities of each country.
- As Chief Financial Officer of GLP Japan, responsible for corporate finance, tax and human resource matters at GLP Japan.

2002 - 2012 : Managing Director and Chief Financial Officer of Asia at Prologis
- Responsible for overseeing the fund management business for the Japan portfolio.
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
1,076,100 shares in Global Logistic Properties Limited
# 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)
None.
Present
GLP Japan Advisors Inc.
(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