Change - Announcement of Cessation::Cessation of Chief Business Officer

Issuer & Securities

Issuer/ Manager
GRAND BANKS YACHTS LIMITED
Securities
GRAND BANKS YACHTS LIMITED - SG0504000043 - G50
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
24-Nov-2023 17:04:27
Status
New
Announcement Sub Title
Cessation of Chief Business Officer
Announcement Reference
SG231124OTHRAE0I
Submitted By (Co./ Ind. Name)
Ler Ching Chua
Designation
Company Secretary
Effective Date and Time of the event
01/12/2023 00:00:00
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Business Officer

Additional Details

Name Of Person
Roy Peter Ditmarsch
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
01/12/2023
Detailed Reason (s) for cessation
To pursue other personal interest.
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
01/01/2021
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)
1
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Business Officer
Role and responsibilities
Mr. Ditmarsch oversees commercial and business operations, and provides strategies for business growth for the Group's global boat brands, Grand Banks, Palm Beach and Eastbay. He also leads the Group's ERP implementation.
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)
Altus Financial Pty Ltd
Prodim Australia Pty Ltd
Altus Financial Corporate Advisory Pty Ltd
Nacon Pty Ltd
Aspire Strategy Management Pty Ltd
NSK Oceania Pty. Ltd.
Nclave Australia Pty. Limited
Verandah Reserves Pty Ltd
Gavi Capital Pty Ltd
Blue Ox Finance Pty Ltd
Present
Advisory Central Pty Limited
Beauty Bay Produce Pty Limited
DFSF Holdings Pty Ltd
Lot 50 NewBridge Road Pty. Limited
Penguin Sign & Trading Co Pty Ltd
Universal Management Services Pty Ltd
Ozresi Pty Limited
Hoth Investments Pty Ltd