Change - Announcement of Appointment::Promotion of CEO, Hospitality Division to Deputy CEO and Appointment of Executive Director

Issuer & Securities

Issuer/ Manager
OUE LIMITED
Securities
OUE LIMITED - SG2B80958517 - LJ3
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
31-Dec-2019 17:36:25
Status
New
Announcement Sub Title
Promotion of CEO, Hospitality Division to Deputy CEO and Appointment of Executive Director
Announcement Reference
SG191231OTHRHGG1
Submitted By (Co./ Ind. Name)
Jackie Thia
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
(I) Promotion of Mr Brian Riady from Chief Executive Officer ("CEO"), Hospitality Division to Deputy CEO of OUE Limited (the "Company", and together with its subsidiaries, the "Group"); and (II) Appointment of Mr Brian Riady as Non-Independent Executive Director of the Company.

Additional Details

Date Of Appointment
01/01/2020
Name Of Person
Brian Riady
Age
29
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee of the Company has reviewed the qualifications and experience of Mr Brian Riady and has recommended to the Board of Directors his appointment as an Executive Director of the Company.

The Board of Directors of the Company, having reviewed and considered Mr Brian Riady's qualifications and experience and the Nominating Committee's recommendation, has approved Mr Brian Riady's appointment as an Executive Director of the Company and his promotion from Chief Executive Officer, Hospitality Division to Deputy CEO of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Brian Riady will assist the Executive Chairman and Group Chief Executive Officer in overseeing all business operations of the Group, setting the Group's strategic direction, and executing the Group's business strategies.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Deputy CEO
Professional qualifications
Bachelor of Science (Political Communication) and Bachelor of Arts (Economics), University of Texas, Austin
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 Brian Riady is the son of Dr Stephen Riady, the Executive Chairman and Group Chief Executive Officer of the Company and a substantial shareholder of the Company.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
October 2018 to present:
Chief Executive Officer, Hospitality Division,
OUE Limited

December 2013 to October 2018:
Vice President - Strategy, Lippo Group, Indonesia
CEO, Lifestyle & Entertainment, Lippo Group,
Indonesia

July 2012 to August 2013:
Analyst, Credit Suisse USA
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)
1. Plainfield Creek Pte. Ltd. (struck off)
2. Raven Platinum Pte. Ltd.
Present
Director:
1. Beringia Singapore Pte. Ltd.
2. Beringia Properties Corp.
3. Chatexpress Pte. Ltd.
4. Chenexpress Pte. Ltd.
5. Clovis Singapore Pte. Ltd.
6. Cuisine Continental Group (HK) Ltd
7. Cuisine Continental (HK) Limited
8. Cuisine Creations Pte. Ltd.
9. Gainmate Hong Kong Limited
10. Mandarin Hotel (Singapore) Private Limited
11. Maxx Coffee Singapore Pte. Ltd.
12. Meritus Hotels Pte. Ltd.
13. Meritus Hotels & Resorts Limited
14. Meritus Hotels & Resorts Sdn Bhd
15. Meritus International Pte. Ltd.
16. Oddish Ventures Pte. Ltd.
17. OUE Airport Hotel Pte. Ltd.
18. OUE International Holdings Pte. Ltd.
19. OUE Restaurants Pte. Ltd.
20. OUE Skyspace Holdings Corp.
21. OUE Trademarks Pte. Ltd.
22. OUE USA Services Corp.
23. Singapore Mandarin International Hotels Pte Ltd
24. Singapore Meritus International Hotels Pte Ltd
25. Superfood Retail Limited

Commissioner:
1. PT MHPL Indonesia
2. PT Cinemaxx Global Pasifik
(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
The Company will arrange for Mr Brian Riady to undergo the relevant training to familiarise himself with the duties and responsibilities of a director of a public listed company in Singapore.
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)
N/A