Change - Announcement of Appointment::Change - Announcement of Appointment

Issuer & Securities

Issuer/ Manager
CHINA AVIATION OIL (SINGAPORE) CORPORATION LTD
Securities
CHINA AVIATION OIL(S) CORP LTD - SG1T06929205 - G92
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-Jul-2017 17:13:52
Status
New
Announcement Sub Title
Change - Announcement of Appointment
Announcement Reference
SG170728OTHRAHWK
Submitted By (Co./ Ind. Name)
Doreen Nah
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr David Windle as a Non-Executive, Non-Independent Director of the Company. Mr Windle will also be appointed as Chairman of the Risk Management Committee and a member of the Audit Committee of the Company.

Additional Details

Date Of Appointment
28/07/2017
Name Of Person
David Windle
Age
50
Country Of Principal Residence
United Kingdom
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr. David Windle ("Mr. Windle") was nominated by BP Investments Asia Limited, a substantial shareholder of the Company, for appointment as a Non-Executive, Non-Independent Director of the Company in place of Mr. Felipe Arbelaez. In assessing Mr. Windle's suitability, the Nominating Committee took into account (i) his background, experience, industry knowledge, professional skills and qualifications; and (ii) his professional aptitude towards managing and preventing any potential conflicts of interest between the Company and BP and/or its affiliates.

The Board agreed with the Nominating Committee's assessment that Mr. Windle possesses the necessary experience, industry knowledge, operational skills and qualifications that would be relevant for the Company's aviation marketing and jet refuelling businesses and believes that Mr. Windle's skills and experience would complement the existing 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.)
Non-Executive, Non-Independent Director; Chairman of Risk Management Committee and a member of the Audit Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interests (including any competing business)
The Nominating Committee and the Board had considered that Mr. Windle, as Chief Operating Officer of Air BP Limited, would have oversight responsibilities of Air BP Group's business operations as well as the strategic and investments-related matters of the Air BP Group. To allay any concerns on any potential conflicts of interest that may arise in relation to his appointment as a Director of the Company, Mr. Windle confirmed his commitment to abide by the Board of Directors Conflict of Interest Policy of the Company which would include (i) a full disclosure of any conflict of interest to the Board; (ii) non-attendance of the Board meeting and/or recusing from participating in the Board's deliberations and decision-making where that conflict may indicate it is appropriate to do so and abstaining from voting on that matter.
Working experience and occupation(s) during the past 10 years
2005-2009: VP Strategy & Planning, BP Petrochemicals (Hong Kong)
2009-2011: Downstream Chief of Staff (London)
2011-2015: VP Business Development & Licensing Petrochemicals (Shanghai)
2015- Present: COO, Air BP (London)
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)
None
Present
None
(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 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
The Company will arrange for Mr. Windle to attend the appropriate courses to familiarise himself with the role and responsibilities of a director of a company listed on the Singapore Exchange Securities Trading Limited.

Attachments

CAO_Changes in Directorate.pdf
CAO_Mr David Windle Joins CAO as BP Nominee Director.pdf
Total size =357K