Change - Announcement of Appointment::Appointment of Joint Group Managing Director

Issuer & Securities

Issuer/ Manager
QAF LIMITED
Securities
QAF LIMITED - SG1A49000759 - Q01
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-May-2023 17:40:40
Status
New
Announcement Sub Title
Appointment of Joint Group Managing Director
Announcement Reference
SG230530OTHRT8BQ
Submitted By (Co./ Ind. Name)
Serene Yeo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please refer to the information below and the Company's announcement dated 30 May 2023.

Additional Details

Date Of Appointment
01/06/2023
Name Of Person
Michael Darren Hewat
Age
57
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)
Upon the recommendation of the Nominating Committee, the Board of Directors has approved the appointment of Mr Hewat to the Board of Directors and as Joint Group Managing Director, taking into account, amongst others, his experience and qualifications, and his contributions to the QAF Group including as chief executive officer of Rivalea group prior to its disposal by QAF Group and as the Company's Chief Operating Officer. Please refer to the Company's announcement dated 30 May 2023.
Whether appointment is executive, and if so, the area of responsibility
Executive.
As Joint Group Managing Director, Mr Hewat will, together with Mr Lin Kejian, be responsible for the overall management of the operations and affairs of the QAF Group and is tasked to set strategic objectives and implement strategies to achieve the long-term sustainable growth of the Group and value creation.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Joint Group Managing Director
Professional qualifications
Bachelor of Business (Accountancy) from the Charles Sturt University Riverina, Australia
Certified Practising Accountant of CPA Australia
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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Chief Operating Officer, QAF Limited
Chief Executive Officer, Rivalea (Australia) Pty Ltd
General Manager Finance and Administration, Rivalea (Australia) Pty Ltd
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
32,894 shares in QAF Limited
# 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)
Directorships in various companies in the Rivalea group of companies
Present
Directorships in various companies in the QAF Group
(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
Yes
If Yes, Please provide full details
Please see Addendum 2.
(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 Company will arrange for Mr Hewat to undergo the relevant training courses offered 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)
N.A.

Attachments

Addendum 1_Appendix 7.4.1_M Hewat_Country of Principal Residence_released.pdf
Addendum 2_Appendix 7.4.1_M Hewat_Para j disclosure_released.pdf
Total size =172K