Change - Announcement of Appointment::Appointment of Non-Executive Independent Chairman

Issuer & Securities

Issuer/ Manager
BRC ASIA LIMITED
Securities
BRC ASIA LIMITED - SG1BG3000008 - BEC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-Nov-2017 20:10:32
Status
New
Announcement Sub Title
Appointment of Non-Executive Independent Chairman
Announcement Reference
SG171128OTHR94T8
Submitted By (Co./ Ind. Name)
Lee Chun Fun
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Executive Independent Chairman

Additional Details

Date Of Appointment
28/11/2017
Name Of Person
Teo Ser Luck
Age
49
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors of BRC Asia Limited ("BRC") has accepted the recommendation of its nominating committee, which has reviewed Mr Teo Ser Luck's experience and approved the appointment of Mr Teo Ser Luck as an Independent Director and Chairman of the Board of Directors of BRC.
Whether appointment is executive, and if so, the area of responsibility
Independent Director.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Board of Directors and Audit Committee Member.
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
Mr Teo Ser Luck was elected Member of Parliament for Pasir Ris-Punggol GRC in May 2006 and was appointed as Parliamentary Secretary. He was subsequently promoted to Minister of State, appointed as the Mayor of the North East District and chairman of the Mayors committee. Mr Teo had been with Ministry of Trade and Industry overseeing the Small and Medium Enterprises (SME) sector, consumer protection, entrepreneurship and trade relations with the region, including China. He was formerly the co-chairman and vice-chairman of Singapore-Shandong provincial bilateral business council and Singapore-Jiangsu provincial bilateral business council. He was also in the Ministry of Manpower where he oversaw industry development in productivity, Lean Enterprise Development implementation, foreign workers, rank and file workers and developing progressive workplaces. Mr Teo has also been the political office holder in the Ministry of Community Development, Youth and Sports, where he was instrumental in leading Singapore's successful bid for the inaugural Youth Olympic Games (YOG) and the Ministry of Transport where he helped develop the national cycling plan. After 11 years as a political office holder, Mr Teo returns to the private sector and continues as a Member of Parliament.
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
Other Directorships
# 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
United Engineers Limited
Serial System Ltd
Vicduo Food Tech Pte Ltd
Nufin Data Pte Ltd
(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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Independent and Non-Executive Director, United Engineers Limited
Non-Executive Independent Deputy Chairman, Serial System Ltd.