Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION AS CHIEF FINANCIAL OFFICER

Issuer & Securities

Issuer/ Manager
OTTO MARINE LIMITED
Securities
OTTO MARINE LIMITED - SG1X59941754 - G4F
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
31-Dec-2014 17:42:31
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION AS CHIEF FINANCIAL OFFICER
Announcement Reference
SG141231OTHR0JWW
Submitted By (Co./ Ind. Name)
Michael See Kian Heng
Designation
Group Executive Director
Description (Please provide a detailed description of the event in the box below)
Please refer to the below.

Additional Details

Name Of Person
Wee Sien Yang ("Mr. Wee")
Age
47
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2015
Detailed Reason (s) for cessation
Mr. Wee will be re-assigned as Chief Financial Officer of Surf Subsea Pte Ltd, a wholly-owned subsidiary of the Company as part of the Group's job rotation programme.
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
03/02/2014
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
Responsible for the financial aspects of the Group.
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
Other Directorships
Past (for the last 5 years)
SGPC 1 Pte Ltd
Skaugen (Shanghai) Trading Co., Ltd.
Norgas Fleet Management (Shanghai) Co., Ltd.
V.Ships (Asia) Pte Ltd
V.Ships Asia Maritime Services Pte Ltd
V.Ships Hansen (Singapore) Pte Ltd
SeaSolve Marine Logistics (Asia) Pte Ltd
International Tanker Management Singapore Pte Ltd
V.Ships (Chennai) Private Limited
V.Ships (Papua New Guinea) Limited
China International Ship Management Company Limited
Present
V.Ships (Asia) MSI Holdings Pte Ltd (In liquidation)
V.Ships (Asia) MSI Pte Ltd (In liquidation)
V.Ships (Asia Pacific) Pte Ltd (In liquidation)
World Travel Channel Pte Ltd (In liquidation)