Change - Announcement of Appointment::Appointment of independent non-executive Director

Issuer & Securities

Issuer/ Manager
SINGAPORE TECHNOLOGIES ENGINEERING LTD
Securities
SINGAPORE TECH ENGINEERING LTD - SG1F60858221 - S63
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
09-May-2024 17:21:05
Status
New
Announcement Sub Title
Appointment of independent non-executive Director
Announcement Reference
SG240509OTHR8FTA
Submitted By (Co./ Ind. Name)
Tan Wan Hoon
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Lee Sooi Chuen Philip as independent non-executive Director and Executive Resource and Compensation Committee, Nominating Committee and Strategy and Finance Committee Member of Singapore Technologies Engineering Ltd ("ST Engineering")

Additional Details

Date Of Appointment
01/06/2024
Name Of Person
Lee Sooi Chuen Philip
Age
62
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board of Directors has accepted the recommendation of the Nominating Committee of ST Engineering which has reviewed Mr Lee Sooi Chuen Philip's qualifications and experience.

The Board was of the view that with Mr Lee's leadership and background experience in the banking sector, he will be able to contribute an independent financial and commercial perspective to ST Engineering Board's deliberations.
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent non-executive Director and Executive Resource and Compensation Committe, Nominating Committee and Strategy and Finance Committee Member
Professional qualifications
- Bachelor Degree in Industrial and Systems Engineering from University of Southern California, Los Angeles.
- Master of Business and International Finance degree from New York University, Stern School.
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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
2019 - Present, Vice Chairman of Global Banking, South East Asia, HSBC Bank, Singapore
2013 - 2018, Vice Chairman of South East Asia and Chief Country Officer, Deutsche Bank AC, Singapore
1995 - 2013, CEO of South East Asia Investment Banking and Senior Country Officer, JP Morgan, Singapore
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)
Chairman, Singapore Government's Health Promotion Board.
Present
- Independent Board Director, SPH Media Holdings Pte. Ltd.
- Independent Board Director, Savills plc
- Independent Board Director, Heliconia Capital Management 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)
The Nominating Committee was of the view that Mr Lee Sooi Chuen Philip is an experienced director who is on the board of several private companies and an overseas entity which is listed on London Stock Exchange and a constituent of the FTSE 250 Index. Hence, Mr Lee does not need to undergo the Training. As part of ST Engineering's onboarding process, Mr Lee will be advised by the company secretary of his duties and obligations as a director of a listed company as well as compliance requirements under the relevant statutes and the SGX Listing Manual.

Attachments

2024.05.09 SGX Release - Board Changes.pdf
Total size =217K