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

Issuer & Securities

Issuer/ Manager
SATS LTD.
Securities
SATS LTD. - SG1I52882764 - S58
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Jul-2024 12:13:24
Status
New
Announcement Sub Title
Cessation of Chief Operating Officer
Announcement Reference
SG240710OTHRZB2C
Submitted By (Co./ Ind. Name)
Low Siew Tian
Designation
Assistant Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr Henry Low will relinquish his role as Chief Operating Officer of the Company to assume the role of Chief Executive Officer, Singapore Hub.

Additional Details

Name Of Person
Low Eng Kiat Henry
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
01/10/2024
Detailed Reason (s) for cessation
With effective from 1 October 2024, Mr Henry Low will relinquish his role as Chief Operating Officer of the Company to assume the role of Chief Executive Officer, Singapore Hub.
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
01/07/2023
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)
9
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Operating Officer
Role and responsibilities
Executive appointment with responsibilities in Technology, Data & Analytics, Operational Excellence, Safety and Risk Management and Integration Management.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
146,200
Past (for the last 5 years)
2016 to 2022: Board Director, Amazon Asia-
Pacific Holdings Pte Ltd

2022: Board Director, Amazon Payments
Singapore Pte Ltd

2020-2022: Board Director, Info-
Communications Media Development
Authority (IMDA)
Present
Nil