Change - Announcement of Appointment::Appointment of Chief Executive Officer - Mr Tan Wee Tuck

Issuer & Securities

Issuer/ Manager
ROWSLEY LTD.
Securities
ROWSLEY LTD. - SG1M49904634 - A50
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
18-Sep-2017 17:41:30
Status
New
Announcement Sub Title
Appointment of Chief Executive Officer - Mr Tan Wee Tuck
Announcement Reference
SG170918OTHR4EW5
Submitted By (Co./ Ind. Name)
Hasan Malik
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Tan Wee Tuck as Chief Executive Officer

Additional Details

Date Of Appointment
18/09/2017
Name Of Person
Tan Wee Tuck
Age
48
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 considered the Nominating Committee's recommendation and assessment of Mr Tan's qualifications and experience, and is satisfied that Mr Tan's appointment as Executive Director, Chief Executive Officer and Chief Financial Officer (Interim) will be in the best interest of the Company.
Whether appointment is executive, and if so, the area of responsibility
Mr Tan's executive role will include leading and managing the Company and its subsidiaries, and setting the strategic direction and focus to grow the business and the Company. Mr Tan will continue to undertake the role of CFO in the interim until a replacement is identified. He will be supported by the Rowsley Financial Controller and a team of finance professionals.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director, Chief Executive Officer and Chief Financial Officer (Interim)

Member of Corporate Disclosure Committee and Investment Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Tan Wee Tuck is a nephew of Mr Lim Eng Hock, a controlling shareholder.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Mr Tan was the VP of Business Development and Partnerships for CNBC Asia Pacific. Prior to that, he was CFO of NBC Universal Television Group in the Asia Pacific. Mr Tan was responsible for all aspects of the finance function and also played a key role in the strategic direction of both businesses. His experience in finance, audit and international logistics spans a broad range of industries from consumer electronics to reinsurance to healthcare. Prior to NBC Universal, Mr Tan served in various financial leadership positions for GE Healthcare Asia Pacific and GE Healthcare China, and was based in Beijing. During his seven years with the General Electric Company, he held a variety of financial leadership positions across several industries and global locations. Since November 2013, Mr Tan has held the position of Executive Director and Chief Financial Officer of the Company.
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?
Yes
Shareholding Details
2 Medium Term Notes
# 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
please see attached
(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 a listed company?
Yes
If Yes, Please provide details of prior experience
Executive Director, Rowsley Ltd

Attachments

Directorships_TWT.pdf
Total size =24K