Change - Announcement of Appointment::Appointment of Non-Executive Non-Independent Director and Chairman of the Board

Issuer & Securities

Issuer/ Manager
ISETAN (SINGAPORE) LIMITED
Securities
ISETAN (SINGAPORE) LTD - SG1D89001201 - I15
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
13-May-2019 20:32:44
Status
New
Announcement Sub Title
Appointment of Non-Executive Non-Independent Director and Chairman of the Board
Announcement Reference
SG190513OTHRECWJ
Submitted By (Co./ Ind. Name)
Lun Chee Leong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Toyohiko Tanaka as a Non-Executive Non-Independent Director and Chairman of the Board.

Additional Details

Date Of Appointment
13/05/2019
Name Of Person
Toyohiko Tanaka
Age
56
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board had reviewed Mr Toyohiko Tanaka's qualification and experience, and deliberated on the recommendations of the Nominating Committee for the appointment of Mr Toyohiko Tanaka as a Non-Executive Non-Independent Director and Chairman of the Board. The Board concurred with the recommendations of the Nominating Committee, and accordingly, approved the appointment of Mr Toyohiko Tanaka as a Non-Executive Non-Independent Director and Chairman of the Board.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman
Professional qualifications
Bachelor of Education.
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
None.
Conflict of interests (including any competing business)
None.
Working experience and occupation(s) during the past 10 years
2005 to 2011 - Merchandising Department Manager of Men's Wear Department of Isetan Shinjuku Store

2011 to 2013 - General Manager of Isetan Matsudo Store

2013 to 2015 - Store Manager of Isetan Matsudo Store

2015 to 2018 - President of Chengdu Isetan

2018 to 2019 - Executive Officer and Department Manager of Overseas Merchandising and Store Planning Department, Overseas Business Headquarters

2019 to present - Executive Officer and General Manager of Overseas Operations Department
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)
Nil
Present
Nil
(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
No.
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)
Mr Tanaka has experience as an Executive Officer and General Manager of Overseas Operations Department of the Company's Holding Company, which is a listed company in Japan. Upon appointment as Chairman of the Company, Mr Tanaka will be advised of his duties and obligations as a director of an SGX listed company as well as compliance requirements under the relevant statutes and the SGX Listing Manual. Having regard to the fact that Mr Tanaka's native language is Japanese, it would be more beneficial for Mr Tanaka to attend a tailored training programme where he can have the assistance of a translator. The Company will arrange for such tailored training for Mr Tanaka through its company secretary to ensure that Mr Tanaka is familiar with relevant laws and regulations specific to Singapore, Board Dynamics, Board Performance and Stakeholder Engagement.