Change - Announcement of Appointment::Appointment of Non-Independent Non-Executive Chairman

Issuer & Securities

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

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Nov-2023 19:42:17
Status
New
Announcement Sub Title
Appointment of Non-Independent Non-Executive Chairman
Announcement Reference
SG231130OTHR5XF6
Submitted By (Co./ Ind. Name)
Mathew George Jordan
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Fumitoshi Imaizumi as Non-Independent Non-Executive Chairman

Additional Details

Date Of Appointment
30/11/2023
Name Of Person
Fumitoshi Imaizumi
Age
59
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)
The Board, having considered the recommendation of the Nominating Committee, and having assessed Mr Fumitoshi Imaizumi's qualifications and experience, is of the view that he has the requisite experience and capabilities to assume the duties and responsibilities as Non-Independent Non-Executive Chairman of the Company.
Whether appointment is executive, and if so, the area of responsibility
Non-Independent Non-Executive Chairman
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Chairman, Member of Nominating Committee
Professional qualifications
Masters Degree in Chemistry from Aoyama Gakuin University Graduate School of Science and Engineering
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
Mr. Imaizumi is a Director and Managing Operating Officer of EXEO Group, Inc. ("EXEO Group"), the Managing Director and Chief Executive Officer of EXEO Global Pte. Ltd. ("EXEO Global"), and a Director of DeClout Pte. Ltd. ("DeClout"). DeClout is a wholly-owned subsidiary of EXEO Global, which in turn is a wholly-owned subsidiary of EXEO Group.

Each of EXEO Group, EXEO Global, and DeClout is a substantial shareholder of the Company.

Mr. Imaizumi is a nominee director of DeClout on the Company's Board.

Conflict of interests (including any competing business)
Mr. Imaizumi is the Managing Director and Chief Executive Officer of EXEO Global.

The services offering of EXEO Global may potentially have some overlaps with certain parts of the Company.

To mitigate any potential conflicts of interest with EXEO Global, for so long as Mr. Imaizumi is the Managing Director and Chief Executive Officer of EXEO Global and the service offerings of EXEO Global has overlaps with the Company, Mr. Imaizumi will not participate in any proceedings of the Board, and shall in any event abstain from voting, in respect of any contract, arrangement, proposal, transaction or matter where there would be a material conflict of interest with EXEO Global. Mr. Imaizumi is cognisant that, as a director of the Company, he must act in the best interest of the Company and must not make improper use of his position or any information acquired by virtue of his position to gain, directly or indirectly, an advantage for himself or for any other person or to cause detriment to the Company.
Working experience and occupation(s) during the past 10 years
Under EXEO Group, Inc and subsidiaries:

June 2022 - Present:
Director and Managing Operating Officer
General Manager of Global Business Dept, ICT Solutions HQ

June 2021 - June 2022:
Managing Operating Officer, GM of Global Business Dept

June 2019 - June 2021:
Operating Officer, GM of Global Business Dept, ICT Solutions HQ

April 2019 - June 2019:
GM of Global Business Dept, ICT Solutions HQ

December 2018 - Present:
Managing Director and Chief Executive Officer, EXEO Global Pte Ltd

July 2018 - December 2018:
GM of Solution Promotion Dept and Deputy GM of Solutions Sales

July 2017 - July 2018:
Deputy GM of Solutions Sales Division and Deputy GM of Solutions
Promotion Dept, ICT Solutions HQ

Under NTT Communications Corporation:

July 2014 - July 2017:
Head of Data Centers, Cloud Services

Under NTT MSC Sdn. Bhd.:

March 2008 - July 2014:
Chief Executive Officer

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)
None beyond the working experience and occupations stated above.
Present
None beyond the working experience and occupations stated above.
(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?
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
Mr. Imaizumi will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Singapore Exchange.
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)
Not Applicable