Change - Announcement of Appointment::Appointment of Mr Michael John Duncan as Managing Director of Gaylin International Pte. Ltd.

Issuer & Securities

Issuer/ Manager
GAYLIN HOLDINGS LIMITED
Securities
GAYLIN HOLDINGS LIMITED - SG2F28986253 - RF7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
04-Sep-2015 17:15:04
Status
New
Announcement Sub Title
Appointment of Mr Michael John Duncan as Managing Director of Gaylin International Pte. Ltd.
Announcement Reference
SG150904OTHRUVFO
Submitted By (Co./ Ind. Name)
Sharon Yeoh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Michael John Duncan as Managing Director of Gaylin International Pte. Ltd.

Additional Details

Date Of Appointment
04/09/2015
Name Of Person
Michael John Duncan
Age
42
Country Of Principal Residence
United Arab Emirates
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The former Group Managing Director of Rig Marine Holdings FZE ("Rigmarine"), Mr Duncan is an Oil and Gas ("O&G") industry veteran who brings with him over 25 years of experience from the lifting and marine/mooring sector. Under Mr Duncan's leadership, Rigmarine has built a sound and sustainable business model over the years despite the challenging environment that they operate in. In the past 18 months, the Group has made significant progress in developing its global O&G markets through strategic acquisitions, which have enabled it to diversify and enhance its range of products and services as well as expand its customer base. The Group expects to capitalise on Mr Duncan's ethos and wealth of experience to improve its global performance and unlock potential revenue streams for the Group in the long term. The Group has offered and he has accepted to take up the newly created position of Managing Director of Gaylin International Pte. Ltd.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive. As the Managing Director of Gaylin International Pte. Ltd., Mr Duncan reports directly to Mr Desmond Teo, the Group's Chief Executive Officer, and will play a prominent and instrumental role in the management of all group companies. With a proven track record in operational structure in multinational businesses, quality, strategy and business development, Mr Duncan's responsibilities at the Group will include improvement of the overall infrastructure and corporate consistency, driving key functions in the areas of global sales and key contracts, as well as spearheading future growth programmes.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director of Gaylin International Pte. Ltd., a principal subsidiary of Gaylin Holdings Limited.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Rigmarine Group of Companies - Managing Director
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct - 3,529,412 ordinary shares
# 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)
Nil
Present
Rigmarine Group of Companies
(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 a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
Not Applicable

Attachments

GHL_Appointmentof_MikeDuncan_MD_GaylinInternational.pdf
Total size =93K