Change - Announcement of Cessation::Resignation of Mr Larry Michael Remsen as the Chief Executive Officer

Issuer & Securities

Issuer/ Manager
PARKSON RETAIL ASIA LIMITED
Securities
PARKSON RETAIL ASIA LIMITED - SG2D81975377 - O9E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Dec-2018 17:29:24
Status
New
Announcement Sub Title
Resignation of Mr Larry Michael Remsen as the Chief Executive Officer
Announcement Reference
SG181221OTHRGMHV
Submitted By (Co./ Ind. Name)
Tan Sri William Cheng Heng Jem
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Resignation of Mr Larry Michael Remsen as the Chief Executive Officer, Parkson Retail Asia Group.

Additional Details

Name Of Person
Larry Michael Remsen
Age
71
Is effective date of cessation known?
Yes
If yes, please provide the date
21/12/2018
Detailed Reason (s) for cessation
Relocating back to the United States due to family reasons.
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
01/04/2017
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)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer, Parkson Retail Asia Group.
Role and responsibilities
Responsible for the overall management of the Parkson Retail Asia Group.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
PT Matahari Department Store TBK (From 22 June 2012 to 31 March 2017)
Present
NIL