General Announcement::Resignation of Mr. Bob Johnston :Chief Executive Officer of Frasers Australand Pty Ltd

Issuer & Securities

Issuer/ Manager
FRASERS CENTREPOINT LIMITED
Securities
FRASERS CENTREPOINT LIMITED - SG2G52000004 - TQ5
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
21-Jul-2015 07:08:10
Status
New
Announcement Sub Title
Resignation of Mr. Bob Johnston :Chief Executive Officer of Frasers Australand Pty Ltd
Announcement Reference
SG150721OTHR3HZO
Submitted By (Co./ Ind. Name)
Piya Treruangrachada
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Frasers Centrepoint Limited ("FCL" or the "Company") announces the resignation of Bob Johnston from Frasers Australand Pty Ltd ("Frasers Australand"), a wholly-owned subsidiary of FCL and the parent entity of Australand Property Group. The Frasers Australand Board has acknowledged and accepted the resignation. The formal notice period is six months, subject to any variations that may be mutually agreed by the parties.



Rod Fehring, currently Executive General Manager, Residential, has been appointed by the Frasers Australand Board to succeed Mr. Johnston as CEO. The Frasers Australand Board will work closely with Mr. Johnston and Mr. Fehring towards a smooth leadership transition.



Mr Lim Ee Seng, Group CEO of FCL and Director of Frasers Australand Board, said, "We would like to thank Bob for his contributions to FCL s Australia business, and in particular, his instrumental role in managing the integration of Australand with Frasers Centrepoint. We wish Bob every success in the future."



"Frasers Australand is well-positioned for growth, with the residential business benefiting from Australia's residential up-cycle and the commercial and industrial business enjoying good traction with customers and tenants. Rod has been a senior member of the Frasers Australand leadership team for over half a decade. His deep industry expertise and demonstrated capabilities have earned him a solid reputation in the Australian real estate market. We are confident that with Rod at the helm, the Frasers Australand team will maintain its momentum towards realising the business's significant growth potential," Mr Lim concluded.



By order of the Board
Piya Treruangrachada
Company Secretary


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The admission and listing of Frasers Centrepoint Limited on the Singapore Exchange Securities Trading Limited ( the "Listing") was sponsored by DBS Bank Ltd. as the Sole Issue Manager. DBS Bank Ltd., United Overseas Bank Limited and Morgan Stanley Asia ( Singapore) Pte. were the Joint Financial Advisers for the Listing. DBS Bank Ltd., United Overseas Bank Limited and Morgan Stanley Asia ( Singapore) Pte. assume no responsibility for the contents of this announcement.