Change - Announcement of Appointment::Appointment of Independent Non-Executive Director and Chairman-Designate

Issuer & Securities

Issuer/ Manager
SATS LTD.
Securities
SATS LTD. - SG1I52882764 - S58
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
16-May-2024 07:32:17
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director and Chairman-Designate
Announcement Reference
SG240516OTHRK6QK
Submitted By (Co./ Ind. Name)
Low Siew Tian
Designation
Assistant Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Tan Tiang Yew Irving as an Independent Non-Executive Director and Chairman-Designate of SATS Ltd.

Additional Details

Date Of Appointment
16/05/2024
Name Of Person
Tan Tiang Yew Irving
Age
54
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)
Mr Irving Tan is currently the Executive Vice President of Global Operations of Western Digital Corporation ("WD") where he is responsible for all global operations functions, including manufacturing operations, procurement, supply chain and IT.

Prior to WD, Mr Tan was the Chairman, Asia-Pacific, Japan & China of Cisco Systems (USA) Pte. Ltd. ("Cisco") from 2020 to February 2022, having been with Cisco since 2009. Prior to his Chairmanship, Mr Tan held various senior management positions in strategy, operations and sales in Cisco.

Mr Tan previously served as a Director on the Boards of Stanley Black & Decker, the Singapore Economic Development Board, and PSA International.

Mr Tan has tenured experience in sales and global operations, market transitions and customer and government dynamics. With his extensive experience and background in global operations, particularly in the areas of IT, supply chain and procurement, his expertise will bring added value and synergy to the Board and enhance the existing competencies and skills within the Board.

The Board has approved the appointment of Mr Irving Tan as an Independent Non-Executive Director of the Company after having considered the recommendation of the Nominating Committee and having reviewed his experience and skillsets.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman-Designate
Independent Non-Executive Director
Professional qualifications
Bachelor's degree in Mechanical Engineering (Honours), Nanyang Technological University
Master's degree in Business Administration, Nanyang Technological University
Honorary doctoral degree in Engineering, Curtin University
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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
March 2022 to present: Executive Vice President, Global Operations, Western Digital Corporation
January 2021 to February 2022: Chairman Asia Pacific, Japan & China of Cisco Systems (USA) Pte. Ltd. ("Cisco")
January 2018 to December 2020: Executive Vice President and Global Chief of Operations of Cisco System Inc
April 2014 to December 2017: President, Asia-Pacific & Japan, Cisco
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?
No
# 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)
January 2021 to February 2022: Chairman, Asia-Pacific, Japan & China of Cisco Systems (USA) Pte. Ltd.

January 2018 to December 2020: Executive Vice President and Global Chief of Operations of Cisco System Inc.

1 April 2021 to 15 May 2024: Director, PSA International Pte. Ltd.

8 August 2022 to 30 April 2024: Director, School of Science and Technology, Singapore

20 February 2020 to 26 April 2024: Director of Stanley Black & Decker, Inc. (NYSE)

1 February 2021 to 30 April 2024: Director of Singapore Economic Development Board
Present
March 2022 to Present: Executive Vice President, Global Operations, Western Digital Corporation

7 December 2023 to Present: Director, Scandisk Storage Pte. Ltd.
(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?
Yes
If Yes, Please provide details of prior experience
Mr Tan was an Independent Non-Executive Director of Netlink NBN Management Pte. Ltd. (as Trustee-Manager of Netlink NBN Trust).