Change - Announcement of Appointment::Appointment of Group Managing Director - Tan Teik Wei

Issuer & Securities

Issuer/ Manager
SILVERLAKE AXIS LTD
Securities
SILVERLAKE AXIS LTD - BMG8226U1071 - 5CP
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
05-Apr-2019 17:50:18
Status
New
Announcement Sub Title
Appointment of Group Managing Director - Tan Teik Wei
Announcement Reference
SG190405OTHRYC07
Submitted By (Co./ Ind. Name)
Priscilla Tan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Tan Teik Wei as Group Managing Director of the Company

Additional Details

Date Of Appointment
01/07/2019
Name Of Person
Tan Teik Wei
Age
60
Country Of Principal Residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee ("NC") had reviewed the qualifications and experiences of Mr Tan Teik Wei ("Mr Tan") and recommended his appointment. The Board having deliberated on NC's recommendation, approved the appointment of Mr Tan as an executive director cum Group Managing Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. He is responsible for the development and execution of the Group's business strategies, implementation for Board decisions and oversee the Group's financial performance, operations, marketing and investment matters.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Managing Director
Professional qualifications
In July 1979, Mr Tan graduated from University of Exeter in United Kingdom, with a combined Honors degree in Geology and Chemistry. In July 1982, he also obtained his MBA (Master of Business Administration) degree from the University of Aston, in Birmingham, United Kingdom.
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
2018 - to-date: Silverlake Axis Ltd and its subsidiary companies ("Silverlake Group") - Managing Director, Core Banking
2011 - 2018: SAS Institute Sdn Bhd - Managing Director
2007 - 2010: Deloitte Consulting - Managing Partner for Central Asia
2002 - 2005: BearingPoint Inc. - Managing Partner in ASEAN
1998 - 2002: Arthur Andersen - Managing Partner Business Consulting in ASEAN
1996 - 1998: IBM Malaysia - General Manager, Systems Integration/ASEAN
1994 - 1996: Unisys Malaysia - Managing Director
1983 - 1994: Andersen Consulting - Associate Partner
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)
1. SAS Institute Sdn Bhd
2. Azendian Holdings Pte. Ltd.
3. Radical Change Sdn. Bhd.
Present
1. Silverlake Group
2. ALMA AB Systems Sdn. Bhd.
3. T. C. S Commercial Sdn. Bhd.
4. Sun Land Sdn. Bhd.
(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 Tan will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Singapore Exchange.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Not applicable.