Change - Announcement of Cessation::Announcement of Cessation - Executive Director

Issuer & Securities

Issuer/ Manager
PROCURRI CORPORATION LIMITED
Securities
PROCURRI CORPORATION LIMITED - SG1DA4000006 - BVQ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Jun-2021 17:22:27
Status
New
Announcement Sub Title
Announcement of Cessation - Executive Director
Announcement Reference
SG210609OTHR65RV
Submitted By (Co./ Ind. Name)
Thomas Sean Murphy
Designation
Chairman and Global Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr. Edward John Flachbarth as an Executive Director, Global President and Global Head of Maintenance with effect from 1 July 2021.

Additional Details

Name Of Person
Edward John Flachbarth
Age
54
Is effective date of cessation known?
Yes
If yes, please provide the date
01/07/2021
Detailed Reason (s) for cessation
The Company initiated separation discussions with Mr. Edward John Flachbarth, in order to get someone to take a different perspective to build and grow the business for the next phase.
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
27/04/2017
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)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Role and responsibilities
Mr. Edward John Flachbarth is Executive Director, Global President and Global Head of Maintenance. He also assists in setting key business strategies and direction of the Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
9,858,456 ordinary shares in Procurri Corporation Limited
Past (for the last 5 years)
NIL
Present
Irrucorp Pte. Ltd.
OHC LLC
OHC Real Estate LLC
PACC Flach LLC
FMS LLC
No Doubt Systems LLC
Procurri Europe Limited
Rockland Congruity LLC