Change - Announcement of Cessation::RESIGNATION OF GROUP CHIEF FINANCIAL OFFICER

Issuer & Securities

Issuer/ Manager
SMRT CORPORATION LTD
Securities
SMRT CORPORATION LTD - SG1I86884935 - S53
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
04-Nov-2014 18:26:04
Status
New
Announcement Sub Title
RESIGNATION OF GROUP CHIEF FINANCIAL OFFICER
Announcement Reference
SG141104OTHRNTKR
Submitted By (Co./ Ind. Name)
Jacquelin Tay Gek Poh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of SMRT Corporation Ltd (the "Company") wishes to announce that Mr Ong Eng Keang, the Group Chief Financial Officer ("CFO") of the Company, has resigned from the Company to pursue philanthropic interests and business prospects. Mr Ong will relinquish his role as the Group CFO on 9 November 2014.

In his service with SMRT over the past year, Mr Ong has made key contributions to the Company. We thank him for his service and wish him all the best for his future endeavours.

Pending the appointment of a new CFO to replace Mr Ong, the responsibilities of the CFO will be covered by Ms Cindy Lau Kee Mei (Vice President, Group Finance & Shared Services). The Company will announce the appointment of a replacement CFO in due course.

Additional Details

Name Of Person
Ong Eng Keang
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
09/11/2014
Detailed Reason (s) for cessation
The Group CFO has decided to resign from the Company to pursue philanthropic interests and business prospects.
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
01/03/2014
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)
8
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Financial Officer
Role and responsibilities
The Group CFO provides overall leadership to the finance function of SMRT Group and plays a key role in developing, monitoring and evaluating overall corporate strategy with the Chief Executive Officer and leaders of business units with emphasis on bottom line performance, working capital and enhancing shareholder value. This position provides useful financial insights to help make better decisions about formulating and executing strategy. Major responsibilities include corporate governance, accounting, treasury, investments and financial reporting.
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?
No
Other Directorships
Past (for the last 5 years)
NIL
Present
SMRT Far East Pte. Ltd.
SMRT Capital Pte. Ltd.
SMRT Cayman I
SMRT Cayman II
SMRT Hong Kong Limited