General Announcement::Change Of Audit Committee Chairmanship
Issuer & Securities
SIA ENGINEERING COMPANY LIMITED
SIA ENGINEERING CO LTD - SG1I53882771 - S59
Date &Time of Broadcast
Announcement Sub Title
Change Of Audit Committee Chairmanship
Submitted By (Co./ Ind. Name)
Devika Rani Davar
Description (Please provide a detailed description of the event in the box below)
Mr Ron Foo Siang Guan stepped down as Chairman of the Audit Committee of SIA Engineering Company Limited ("the Company") on 21 July 2016.
Mr Chew Teck Soon will succeed Mr Ron Foo as Chairman of the Audit Committee with effect from 21 July 2016. Mr Chew, who is an independent Director of the Company since 1 May 2013, was appointed to the Audit Committee on 1 June 2013. He has 38 years of international auditing and accounting experience, including 25 years as an audit partner with PricewaterhouseCoopers before his retirement in December 2009, which has equipped him with the requisite knowledge and experience on business and capital structures, strategies and risks, finance management and accounting, management training and sound corporate governance practice. Accordingly, Mr Chew is suitably qualified to be appointed as Chairman of the Audit Committee.
For the purpose of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Board of the Company considers Mr Chew to be an independent Director.
The Board and Management of the Company thank Mr Ron Foo, who has served as Chairman of the Audit Committee since 22 July 2011, for his invaluable guidance and contributions during his tenure.