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

Issuer & Securities

Issuer/ Manager
VIKING OFFSHORE AND MARINE LIMITED
Securities
VIKING OFFSHORE AND MARINE LTD - SG1J35888424 - 557
VIKING OFFSHORE AND MA W220701 - SG5EH1000003 - 1E7W
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Apr-2019 19:42:27
Status
New
Announcement Sub Title
Appointment of Chief Executive Officer
Announcement Reference
SG190430OTHRD0W1
Submitted By (Co./ Ind. Name)
Ng Yeau Chong
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company s sponsor, CIMB Bank Berhad, Singapore Branch (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"), this being the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Ken Lee, Associate Director, Investment Banking. The contact particulars are 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6337 5115.

Additional Details

Date Of Appointment
30/04/2019
Name Of Person
Ng Yeau Chong
Age
52
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The appointment of Mr Ng Yeau Chong ("Mr Ng") as Chief Executive Officer ("CEO") is mainly as a result of a Group reorganisation exercise which involves the cessation of Mr Low Jooi Kok ("Mr Low") as CEO and Mr Low's redesignation to an Executive Director. Mr Ng was formerly the Chief Operating Officer of the Company from 2010 to 2015. Mr Ng was the Managing Director of Promoter Hydraulics Pte Ltd and Viking Airtech Pte Ltd between 2010-2012 and 2015-2018 respectively. Mr Ng was appointed to the Board of Directors as an Executive Director on 22 February 2018. Mr Ng is currently the Managing Director of Marshal Systems Private Limited and will continue with the concurrent appointments.

The Nominating Committee and the Board of Directors are of the view that Mr Ng Yeau Chong has demonstrated strong management and commercial capabilities, and is undoubtably able to add value to the Group's businesses and had approved his appointment as CEO.


Whether appointment is executive, and if so, the area of responsibility
This is an executive appointment and Mr Ng will be responsible for the overall business operations of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
Professional qualifications
CFA Institute
Chartered Financial Analyst (CFA) certification

Global Association of Risk Professional (GARP)
Financial Risk Manager (FRM) certification
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer 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
Viking Offshore and Marine Limited
- Executive Director (2018 to present)
- Chief Operating Officer (2010 to 2015)

Marshal Systems Private Limited
- Managing Director (2018 to present)

Viking Airtech Pte Ltd
- Managing Director (2015 to 2018)
- Executive Director (2012 to 2015)

Promoter Hydraulics Pte Ltd
- Managing Director (2010 to 2012)

Oracle Consulting Services
Asia Consulting Solution Director (2007 to 2010)
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
1,540,000 ordinary shares and 220,000 warrants in the listed issuer.
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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
Viking Airtech Pte Ltd
Viking Facilities Management & Operations Pte Ltd
Viking HVAC Pte Ltd
Viking Offshore Global Pte Ltd
Promoter Hydraulics Pte Ltd
Marshal Systems Private Limited
Acapella Energy Pte Ltd
(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?
Yes
If Yes, Please provide details of prior experience
Executive Director of Viking Offshore and Marine Limited
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