Change - Announcement of Cessation::Announcement of Retirement of Chief Executive Officer and Cessation of Executive Director

Issuer & Securities

Issuer/ Manager
SIA ENGINEERING COMPANY LIMITED
Securities
SIA ENGINEERING CO LTD - SG1I53882771 - S59
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Apr-2023 17:17:50
Status
New
Announcement Sub Title
Announcement of Retirement of Chief Executive Officer and Cessation of Executive Director
Announcement Reference
SG230403OTHRD2CC
Submitted By (Co./ Ind. Name)
Lu Ling Ling
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
SIA Engineering Company Limited today announced that Mr Ng Chin Hwee will retire as Chief Executive Officer of the Company with effect from 1 October 2023. He will relinquish his Directorship and memberships of the Executive Committee, Technology Advisory Committee and Board Sustainability Committee of SIAEC on the same date.

Additional Details

Name Of Person
Ng Chin Hwee
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
01/10/2023
Detailed Reason (s) for cessation
Mr Ng Chin Hwee will retire as Chief Executive Officer ("CEO") and Executive Director of the Company with effect from 1 October 2023.
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
01/04/2020
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)
7
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.)
CEO and Executive Director
Member, Executive Committee
Member, Technology Advisory Committee
Member, Board Sustainability Committee
Role and responsibilities
CEO and Executive Director
Member, Executive Committee
Member, Technology Advisory Committee
Member, Board Sustainability Committee
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?
Yes
Shareholding Details
229,800 ordinary shares of SIA Engineering Company Limited
(including 10,000 ordinary shares held in the name of DBS Nominees (Private) Limited)
Other Directorships
Past (for the last 5 years)
1. Budget Aviation Holdings Pte Ltd, Director
2. NokScoot Airlines Co., Ltd, Director
3. Advisory Council on Community Relations in Defence (Employer and Business), Member
4. Future Economy Council, Trade and Connectivity Sub-Committee, Member
Present
1. Singapore Aero Engine Services Pte Ltd, Deputy Chairman
2. Singapore University of Technology and Design, Advisory Board of the Engineering Systems and Design Pillar, Member

Attachments

SGXNET - 2023 04 03 CEO Retirement and Appointment_vf3.pdf
Total size =139K