Change - Announcement of Appointment::Announcement of Appointment of Chief Operating Officer and Chief Financial Officer

Issuer & Securities

Issuer/ Manager
CAMBRIDGE INDUSTRIAL TRUST MANAGEMENT LIMITED
Securities
CAMBRIDGE INDUSTRIAL TRUST - SG1T70931228 - J91U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-Jan-2016 20:31:41
Status
New
Announcement Sub Title
Announcement of Appointment of Chief Operating Officer and Chief Financial Officer
Announcement Reference
SG160128OTHREWMH
Submitted By (Co./ Ind. Name)
Philip Levinson
Designation
CEO & Executive Director
Effective Date and Time of the event
28/01/2016 20:30:00
Description (Please provide a detailed description of the event in the box below)
Please refer to attached press release.

Additional Details

Date Of Appointment
28/01/2016
Name Of Person
Hagan Shane Peter
Age
49
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Hagan's appointment as the Chief Operating Officer and Chief Financial Officer was supported by the Board based on his qualifications and work experience.
Whether appointment is executive, and if so, the area of responsibility
Yes. As Chief Financial Officer (CFO), Mr Hagan reports to the Chief Executive Officer and is responsible for the financial performance and for ensuring key performance indicators are achieved for the effective management of CIT. He oversees all finance functions, including developing and implementing an effective capital management strategy through raising of debt and equity.

As Chief Operating Officer, Mr Hagan is responsible for managing and monitoring the daily operations of the Manager and the Trust, in addition to his role as the CFO.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Operating Officer and Chief Financial Officer
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
November 2012 - October 2015
Chief Executive Officer
Manager of Soilbuild REIT

March 2011 - November 2012
Chief Financial Officer
Manager of Mapletree Commercial Trust

June 2010 - March 2011
Group Financial Controller
Mapletree Investments Pte Ltd

May 2009 - June 2010
Chief Financial Officer
Manager of Lippo Mapletree Indonesia Retail Trust

August 2007 - May 2009
Chief Financial Officer
Manager of APL Japan Trust

June 2003 - July 2007
Chief Financial Officer
Manager of Ascendas Real Estate Investment Trust
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)
Mapletree Commercial Trust Treasury Company Pte. Ltd.
Present
Nil
(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?
Yes
If Yes, Please provide full details
Shane Hagan was appointed as CFO and Executive Director of APL Japan Trust Management Singapore Limited. This company was proposing to manage a SGX-ST listed Real Estate Investment Trust named APL Japan Trust which was slated to list in December 2007. The REIT listing was postponed due to the global financial crisis and in May 2009 the company was liquidated by way of a creditors liquidation.
(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
NA

Attachments