Change - Announcement of Appointment::Appointment of Mr Chin Yau Seng as CEO-Designate

Issuer & Securities

Issuer/ Manager
SIA ENGINEERING COMPANY LIMITED
Securities
SIA ENGINEERING CO LTD - SG1I53882771 - S59
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
03-Apr-2023 17:18:40
Status
New
Announcement Sub Title
Appointment of Mr Chin Yau Seng as CEO-Designate
Announcement Reference
SG230403OTHRL25U
Submitted By (Co./ Ind. Name)
Lu Ling Ling
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr Chin Yau Seng, who is a Non-Executive Director on the Board of SIA Engineering Company and the Senior Vice President Cargo of Singapore Airlines Limited, will be appointed as Chief Executive Officer-Designate with effect from 1 June 2023 and will succeed Mr Ng Chin Hwee as Chief Executive Officer on 1 October 2023.

Additional Details

Date Of Appointment
01/06/2023
Name Of Person
Chin Yau Seng
Age
51
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)
Having considered the succession planning for the Senior Management of SIA Engineering Company Limited (the "Company") and its subsidiaries (collectively, the "SIAEC Group") and in particular, the academic and professional qualifications; business experiences and competencies; and other qualities of Mr Chin Yau Seng in relation to SIAEC Group's business activities and strategic goals, the Board has decided that Mr Chin Yau Seng will be appointed as Chief Executive Officer-Designate ("CEO-Designate") with effect from 1 June 2023 and will succeed Mr Ng Chin Hwee as Chief Executive Officer ("CEO") of the Company when the latter retires on 1 October 2023. Mr Chin's extensive experience in aviation, business and operations will place him in good stead to manage the SIAEC Group.
Whether appointment is executive, and if so, the area of responsibility
Mr Chin's appointment is Executive. He will work alongside Mr Ng Chin Hwee as CEO-Designate before assuming full responsibilities as the CEO of the Company from 1 October 2023. This is to allow for smooth continuity in the change of leadership. Upon his appointment as CEO, Mr Chin will remain on the Board of SIAEC as a Non-Independent, Executive Director.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director and CEO-Designate
Member, Executive Committee
Member, Technology Advisory Committee
Member, Board Sustainability Committee
Professional qualifications
- Master of Science in Operational Research;
- Bachelor of Science in Economics (Accounting & Finance);
The London School of Economics & Political Science
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
Mr Chin is currently the Senior Vice President Cargo of Singapore Airlines Limited, which is a substantial shareholder of the Company.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
1. Singapore Airlines Limited, Senior Vice President Cargo, 1 April 2018 to present
2. Singapore Airlines Cargo Pte Ltd, President, 2014 to 2018
3. Singapore Airlines Limited, Senior Vice President Sales & Marketing, 2012 to 2014
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
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)
Nil
Present
1. Singapore Airlines Limited, Senior Vice President Cargo
2. Singapore Airlines Cargo Pte Ltd, Director
3. KrisShop Pte Ltd (formerly known as Singapore Airport Duty-Free Emporium (Private) Limited), Director
4. International Air Transport Association (IATA), Member, Cargo Advisory Council
(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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
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)
N.A.