Change - Announcement of Cessation::Cessation of Non-Executive Director - Mr. Norio Saigusa

Issuer & Securities

Issuer/ Manager
OLAM GROUP LIMITED
Securities
OLAM GROUP LIMITED - SGXE65760014 - VC2
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-May-2022 20:19:22
Status
New
Announcement Sub Title
Cessation of Non-Executive Director - Mr. Norio Saigusa
Announcement Reference
SG220513OTHRUG3G
Submitted By (Co./ Ind. Name)
Michelle Tanya Kwek
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr. Norio Saigusa as Non-Executive Director.

Additional Details

Name Of Person
Norio Saigusa
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
16/05/2022
Detailed Reason (s) for cessation
Mr. Norio Saigusa was a Board nominee of Mitsubishi Corporation. Due to the breadth of responsibilities and the internal restructuring of roles and responsibilities within Mitsubishi Corporation, Mr. Saigusa was stepping down from Olam Board.
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
15/03/2022
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)
5
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.)
Non-Executive Director
Member, Risk Committee
Member, Corporate Responsibility & Sustainability Committee
Member, Nomination & Remuneration Committee
Role and responsibilities
As above.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Mitsubishi Corporation LT (Thailand) Co., Ltd
Olam International Limited
Thai Metal Processing Co., Ltd
Tri Petch Isuzu Sales Co., Ltd
Tri Petch Isuzu Leasing Co., Ltd
IVICT (Thailand) Company Limited
Thai Kurabo Co., Ltd
Thai Bridgestone Co., Ltd.
Bridgestone Sales (Thailand) Co., Ltd.
Mitsubishi Company (Thailand) Ltd.
Thai-MC Company Limited
Thai Union Group Public Company Limited
Present
Mitsubishi Corporation (Executive Vice President & Group CEO, Food Industry Group)