Change - Announcement of Appointment::Appointment of Chairman and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
KS ENERGY LIMITED
Securities
KS ENERGY LIMITED - SG1G91873040 - 578
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
14-Aug-2020 18:21:10
Status
New
Announcement Sub Title
Appointment of Chairman and Chief Executive Officer
Announcement Reference
SG200814OTHR3K8R
Submitted By (Co./ Ind. Name)
Samuel Paul Oliver Carew-Jones
Designation
Executive Director and Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Richard James Wiluan ("Richard Wiluan") as the Chairman and Chief Executive Officer of the Company and Chairman of KS Drilling Pte Ltd, the principal subsidiary of the Company.

Additional Details

Date Of Appointment
13/08/2020
Name Of Person
Richard James Wiluan
Age
42
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board, having considered the recommendation of the Nominating Committee and reviewed Richard Wiluan's qualification and working experiences, approve his appointment as the Chairman and Chief Executive Officer of the Company and Chairman of KS Drilling Pte Ltd, the principal subsidiary of the Company.
Whether appointment is executive, and if so, the area of responsibility
Chairman and Chief Executive Officer. Richard Wiluan will be responsible to lead and promote business of the Company and KS Drilling Pte Ltd, the principal subsidiary of the Company.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman and Chief Executive Officer of the Company; and Chairman of KS Drilling Pte Ltd, the principal subsidiary of the Company.
Professional qualifications
University of Nottingham, BA (Honours) in Economics
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
Son of Kris Taenar Wiluan, substantial shareholder of the Company.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
KS Energy Limited
May 2014 - Present: Executive Director
July 2012 - April 2014: Director, Corporate Development

KS Drilling Pte Ltd
September 2019 - Present: Chief Executive Officer
March 2019 - Present: Director

PT Citra Tubindo Tbk
July 2016 - Present: President Director

KS Distribution Pte Ltd
2016 - December 2018: Non-Executive Director
August 2011 - 2016: Executive Director
May 2010 - July 2011: Director, Corporate Development/Strategic Planning

SSH Corporation Ltd
March 2011 - 28 April 2017: Managing Director
November 2009 - February 2011: Deputy Managing Director





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
Richard Wiluan is deemed to be interested 859,563,713 shares of the Company, held by Pacific One Energy Limited, a substantial shareholder of the Company.
# 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)
Please see attached
Present
Please see attached
(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?
Yes
If Yes, Please provide full details
Richard Wiluan was interviewed once by Commercial Affairs Department of the Singapore Police Force (CAD) in its investigations into a potential contravention of the provisions, in particular Section 197, of the Securities and Futures Act, Cap. 289, in connection with Pacific One Energy Limited around 8 April 2017. Richard Wiluan was released after his interview without requiring bail. This information was previously disclosed in the Company's announcement dated 8 April 2017. Please refer to the said announcement.
(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
Richard Wiluan was an Executive Director of SSH Corporation Ltd, which was delisted from Official List of the SGX-ST with effect from 2010 and he is currently the Executive Director of the Company since 1 May 2014.

Attachments

RW - Past 5 yrs Directorships 13.08.2020_announcement.pdf
RW - Directorships 13.08.2020_announcement.pdf
Total size =76K