Change - Announcement of Appointment::Appointment as Independent Director

Issuer & Securities

Issuer/ Manager
KEPPEL CORPORATION LIMITED
Securities
KEPPEL CORPORATION LIMITED - SG1U68934629 - BN4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
21-Apr-2022 17:40:10
Status
New
Announcement Sub Title
Appointment as Independent Director
Announcement Reference
SG220421OTHRTVRT
Submitted By (Co./ Ind. Name)
Caroline Chang/Kenny Lee
Designation
Company Secretaries
Description (Please provide a detailed description of the event in the box below)
Appointment as Independent Director

Additional Details

Date Of Appointment
01/05/2022
Name Of Person
Jimmy Ng Hwee Kim
Age
57
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Having evaluated the balance and mix of skills, knowledge, talents, experience and other aspects of diversity that had been identified to help drive the Group's Vision 2030 strategy, the Nominating Committee ("NC") of Keppel Corporation Limited ("KCL"), in consultation with management, had shortlisted and met with some candidates to assess suitability and ensure that the candidates were aware of the expectations and level of commitment required of a KCL Board member. Under the Group's Vision 2030, the Group's growth would in part be driven by advanced technologies and digitalisation, and investment in new technologies and building capabilities would be critical to get the Group to where it wants to be in the future. The NC was therefore of the view that the appointment of a director with in-depth experience and expertise in driving digitalisation as a corporate strategy would be beneficial to the Board. Accordingly, Mr Jimmy Ng was considered by the NC as a suitable addition given his in-depth experience and expertise in driving digitalisation as a corporate strategy. Further, Mr Ng has significant experience in the application of technology and innovations across a spectrum of areas, and the Company would benefit from his experience in infusing technology into a company's operations.

The Board having considered the recommendation from the NC, approved the appointment of Mr Ng as an Independent Director of the Board.
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director and Board Risk Committee Member
Professional qualifications
Bachelor of Science Degree in Information Systems from National University of Singapore and a Masters in Business Administration from Nanyang Technological University
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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Group Chief Information Officer and Head of Technology & Operations, DBS Bank - 2019 to present
Trainer SMU Financial Training Institute - 2009 to present
Deputy Head of Technology & Operations, DBS Bank - 2018 to 2019
Group Head Audit, DBS - 2012 to 2017
Managing Director, Head Consumer Banking Operations - 2009 to 2012
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
28,600 units in Keppel DC REIT
# 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. Accounting Advisory Board of the NUS Business School - Committee Member
Present
1. Singapore Clearing House Pte Ltd - Director
2. Steering Committee of Asian Institute of Digital Finance - Committee Member
(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
Appropriate training and briefings will be provided to Mr Jimmy Ng in respect of his roles and responsibilities of a director of a public listed company in Singapore.

Attachments

MREL_KCL appoints Olivier Blum and Jimmy Ng to its Board_21 April 2022.pdf
Total size =136K