Change - Announcement of Cessation::RESIGNATION OF CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
IREIT GLOBAL GROUP PTE. LTD.
Securities
IREIT GLOBAL - SG1AB8000006 - UD1U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Feb-2020 22:31:47
Status
New
Announcement Sub Title
RESIGNATION OF CHIEF EXECUTIVE OFFICER
Announcement Reference
SG200224OTHRQQHI
Submitted By (Co./ Ind. Name)
Lee Wei Hsiung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr. Aymeric Thibord has tendered his resignation as Chief Executive Officer ("CEO") of IREIT Global Group Pte. Ltd.

Under the terms of his employment, unless otherwise agreed, Mr. Aymeric Thibord will be required to serve a notice period till 10 May 2020. The effective date of Mr. Aymeric Thibord's cessation as CEO will be announced as soon as it has been determined. Mr. Aymeric Thibord will remain as CEO until the effective date of his cessation and will be working closely with the Board to ensure an orderly and smooth transition.

The Board has commenced the process for the search for the new CEO and will make the appropriate announcement when he/she is appointed.

Additional Details

Name Of Person
Aymeric Thibord
Age
45
Is effective date of cessation known?
No
If No, please advise when the date will be announced
As stated above, the effective date of Mr. Aymeric Thibord's cessation as Chief Executive Officer will be announced as soon as it has been determined.
Detailed Reason (s) for cessation
Mr. Aymeric Thibord has decided to resign from his position as Chief Executive Officer to pursue other career opportunities.
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
15/12/2016
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)
3
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
Role and responsibilities
Executive. Responsible for strategic planning, overall day-to-day management and operations of the Manager.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Erlangen Arcaden Verwaltungs GmbH
Gropius Passagen Verwaltungs GbmH
Present
None