Change - Announcement of Appointment::Appointment of Executive Director and Deputy Chief Executive Officer

Issuer & Securities

Issuer/ Manager
MICRO-MECHANICS (HOLDINGS) LTD.
Securities
MICRO-MECHANICS (HOLDINGS) LTD - SG1O09910991 - 5DD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
08-Dec-2022 18:07:05
Status
New
Announcement Sub Title
Appointment of Executive Director and Deputy Chief Executive Officer
Announcement Reference
SG221208OTHRG0R5
Submitted By (Co./ Ind. Name)
Chow Kam Wing
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Executive Director and Deputy Chief Executive Officer

(Please refer attached for more information)

Additional Details

Date Of Appointment
01/01/2023
Name Of Person
Kyle Christopher Borch
Age
30
Country Of Principal Residence
United States of America
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board having reviewed and considered Mr Kyle's qualifications and working experience, approved the appointment of Mr Kyle as Executive Director and Deputy Chief Executive Officer of the Company.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive. One of Mr Kyle's first tasks will be to assemble and lead an inter-disciplinary team of people from the Group's five worldwide plants focused on accelerating the adoption of continuous improvement and Center of Excellence initiatives. In addition to strengthening the operations at each plant, the new approach will give employees opportunities to develop technical and problem-solving skills, gain international exposure and develop leadership qualities.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Deputy Chief Executive Officer
Professional qualifications
1) Double Masters of Science degrees in Mechanical Engineering and Engineering Management from the University of Southern California (Year 2018)
2) Bachelor of Science in Physics with a minor in Mathematics from the University of California Los Angeles (Year 2014)
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 Kyle Borch is the eldest son of the Group's founder and CEO, Mr Christopher Reid Borch.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
1. Manufacturing Engineer started from August 2018. Currently, Engineering Section Manager, Micro-Mechanics Inc (August 2018 to present)
2. Engineer and Machinist, USC Undergraduate Fabrication Lab (October 2015 to May 2018) and also worked as Haptics Product Design Intern at Apple (May 2017-August 2017)
3. Engineering Intern, NASA Jet Propulsion Laboratory (May 2016-August 2016)
4. R&D Mechanical Engineer, Agilent Technologies Inc (July 2014 to July 2015 - 3 days a week) and CNC Programmer and Apprentice, Micro-Mechanics, Inc. (July 2014 to August 2015 - 2 days a week)
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
Direct Interest: 775,000 ordinary shares of Micro-Mechanics (Holdings) Ltd (includes 25,000 ordinary shares registered under the joint account with Mr Christopher Reid Borch)
Deemed Interest: 37,760,256 ordinary shares of Micro-Mechanics (Holdings) Ltd held by Sarcadia LLC under its nominee account
# 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
Nil
(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
The director will attend training by way of attendance at courses conducted by the Singapore Institute of Directors.
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)
Not applicable

Attachments

MMH-Appointment of ED and Deputy CEO-final.pdf
Total size =137K