Change - Announcement of Appointment::Appointment of Non-Executive Non-Independent Director and Chairman of the Board of the Company

Issuer & Securities

Issuer/ Manager
ISETAN (SINGAPORE) LIMITED
Securities
ISETAN (SINGAPORE) LTD - SG1D89001201 - I15
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
21-May-2021 08:28:17
Status
New
Announcement Sub Title
Appointment of Non-Executive Non-Independent Director and Chairman of the Board of the Company
Announcement Reference
SG210521OTHR9I7X
Submitted By (Co./ Ind. Name)
LUN CHEE LEONG
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Executive Non-Independent Director and Chairman of the Board of the Company.

Additional Details

Date Of Appointment
21/05/2021
Name Of Person
Satoru Tanaka
Age
57
Country Of Principal Residence
Japan
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board had reviewed Mr. Satoru Tanaka's qualification and experience and deliberated on the recommendations of the Nominating Committee for the appointment of Mr. Satoru Tanaka as a Non-Executive and Non-Independent Director of the Board. The Board concurred with the recommendations of the Nominatng Committee and accordingly,approved the appointment of Mr Satoru Tanaka as a Non-Executive and Non-Independent Director.
Whether appointment is executive, and if so, the area of responsibility
Chairman of the Board of Directors and Non-Independent Non-Executive Director
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director
Professional qualifications
Degree from Waseda University, Faculty of Education
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
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
2009 to 2012: Manager of Iwataya Ltd.
2012 to 2015: Sales Division Manager of Mitsukoshi Nihonbashi Store (Food Division).
2015 to 2018: Executive Officer and Store Management Manager of Isetan Mitsukoshi Food Service Ltd.
2018 to 2020: Executive Officer and General Manager of Food & Restaurant Merchandising Department of Department Store Business Planning & Operation HQ of Isetan Mitsukoshi Ltd.
2020 to 2021: Managing Executive Officer and Store Manager of Isetan Shinjuku Store Merchandising HQ of Isetan Mitsukoshi Ltd.
2021 to present: Managing Executive Officer and General Manager of Overseas Business Promotion Department of Isetan Mitsukoshi Holdings Ltd.
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)
Nil
Present
Managing Executive officer and General Manager of Overseas Business Promotion Department.
(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
Mr. Satoru Tanaka has experience as an Executive Officer since 2015 and is currently the Managing Executive Officer and General Manager of Overseas Business Promotion Department of Isetan Mitsukoshi Holdings Ltd, a listed company in Japan. Upon appointment as Chairman of the Company, Mr. Satoru Tanaka will be advised of his duties and obligations as a director of an SGX listed company as well as compliance requirements under the relevant statutes and the SGX Listing Manual. Having regard to the fact that Mr. Satoru Tanaka's native language is Japanese, it would be beneficial for Mr. Satoru Tanaka to attend a tailored training programme where he can have the assistance of a translator. The Company will arrange for such tailored training for Mr. Satoru Tanaka through its company secretary to ensure that Mr. Satoru Tanaka is familiar with relevant laws and regulations specific to Singapore, Board Dynamics, Board Performance and Stakeholder Engagement.