Change - Announcement of Appointment::Announcement Of Appointment Of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
SIA ENGINEERING COMPANY LIMITED
Securities
SIA ENGINEERING CO LTD - SG1I53882771 - S59
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
15-Jan-2015 18:31:40
Status
New
Announcement Sub Title
Announcement Of Appointment Of Chief Executive Officer
Announcement Reference
SG150115OTHRV7ED
Submitted By (Co./ Ind. Name)
Devika Rani Davar
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr William Tan Retires As CEO Of SIA Engineering Company
Mr Png Kim Chiang will succeed Mr William Tan as CEO

Additional Details

Date Of Appointment
01/04/2015
Name Of Person
Png Kim Chiang
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 has decided that Mr Png Kim Chiang will succeed Mr William Tan Seng Koon as Chief Executive Officer of the Company when the latter retires on 1 April 2015.
Whether appointment is executive, and if so, the area of responsibility
Mr Png's appointment is Executive. Upon his appointment as Chief Executive Officer, he will be responsible for the overall management of SIA Engineering Company Limited ("SIAEC") and its Group Companies.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Mr Png Kim Chiang is currently the Executive Vice President (Operations) of SIAEC. He joined Singapore Airlines (SIA) in 1975 and has had 40 years of experience in the aerospace industry. He had served in various senior management positions in SIA and was appointed Senior Vice President (Services) of SIAEC in 2001. In 2005 and 2009, Mr Png was appointed Senior Vice President (Commercial) and Senior Vice President (Aircraft and Component Services) respectively. Since 2010, following his appointment as Executive Vice President (Operations), Mr Png has been overseeing the operations of Aircraft and Component Services, Line Maintenance and Fleet Management, as well as the support services of Marketing, Information Technology, Engineering, Quality, Safety and Facilities Development.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
i) 633,983 ordinary shares of SIAEC
ii) 28,700 options to subscribe for SIAEC ordinary shares
iii) 57,360 conditional share award of SIAEC Performance Share Plan
iv) 39,494 conditional share award of SIAEC Restricted Share Plan
Other Directorships
# 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)
i) Chairman, Aerospace Component Engineering Services Pte Ltd
ii) Chairman, JAMCO Aero Design & Engineering Pte Ltd
iii) Deputy Chairman, Goodrich Aerostructures Service Centre Asia Pte Ltd
iv) Director, Goodrich Aerostructures Service (China) Co. Ltd
v) Director, Eagle Services Asia Pte Ltd
Present
i) Chairman, Aviation Partnership (Philippines) Corporation
ii) Chairman, NexGen Network (1) Holding Pte Ltd
iii) Chairman, NexGen Network (2) Holding Pte Ltd
iv) Director, SIA Engineering (Philippines) Corporation
v) Director, Singapore Aero Engine Services Pte Ltd
vi) Director, Hong Kong Aero Engine Services Ltd
(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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
N.A.

Attachments

SGXNET-2015_01_15.pdf
Total size =48K