Change - Announcement of Cessation::Retirement of Chief Financial Officer - Mr Stephen Ho Kiam Kong

Issuer & Securities

Issuer/ Manager
WILMAR INTERNATIONAL LIMITED
Securities
WILMAR INTERNATIONAL LIMITED - SG1T56930848 - F34
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
26-Feb-2020 17:33:56
Status
New
Announcement Sub Title
Retirement of Chief Financial Officer - Mr Stephen Ho Kiam Kong
Announcement Reference
SG200226OTHRVUO6
Submitted By (Co./ Ind. Name)
Teo La-Mei
Designation
Director and Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Chief Financial Officer - Mr Stephen Ho Kiam Kong

Additional Details

Name Of Person
Stephen Ho Kiam Kong
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
31/05/2020
Detailed Reason (s) for cessation
Mr Stephen Ho Kiam Kong ("Mr KK Ho"), aged 60 years, the Company's Chief Financial Officer has informed the Company of his intention to retire on 31 May 2020 from full time work after 37 years of a career in Finance and the last eight years with the Company. The Board of Directors have accepted Mr KK Ho's decision to retire after ascertaining that an appropriate handover process has been put in place for the current Deputy Chief Financial Officer, Mr Charles Loo Cheau Leong to assume the responsibilities undertaken by Mr KK Ho as Chief Financial Officer upon the retirement of Mr KK Ho.

There are no concerns with regard to financial reporting that led to Mr KK Ho's decision to retire and there are no disagreements between Mr KK Ho and the Board with regard to practices that will have an impact on the Company's financial reporting. Following the retirement of Mr KK Ho, the Board does not foresee any difficulties for the Company to continue to meet its financial reporting requirements. Save as disclosed in this announcement, there are no other material reasons for the cessation of Mr KK Ho as Chief Financial Officer of the Company.
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
01/11/2011
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)
6
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Responsible for Wilmar International Limited Group's finance, treasury and risk management functions.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
500,000 Wilmar ordinary shares
750,000 Wilmar share options
Past (for the last 5 years)
Please see Annex 1.
Present
Please see Annex 2.

Attachments

Annex 1_SHKK List of Directorships_Past 5 years.pdf
Annex 2_SHKK List of Directorships_Present.pdf
Total size =736K