Change - Announcement of Appointment::Appointment of Chief Financial Officer

Issuer & Securities

Issuer/ Manager
PACC OFFSHORE SERVICES HOLDINGS LTD.
Securities
PACC OFFSHORE SVCS HLDG LTD. - SG2G83000007 - U6C
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
17-Sep-2018 18:13:20
Status
New
Announcement Sub Title
Appointment of Chief Financial Officer
Announcement Reference
SG180917OTHRW8PH
Submitted By (Co./ Ind. Name)
Lim Ka Bee
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Chief Financial Officer

Additional Details

Date Of Appointment
17/09/2018
Name Of Person
Edward Chiu Wai Chi
Age
57
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
After considering Mr Chiu's past experience and his qualifications, the Nominating Committee and Board of Directors are satisfied that Mr Chiu possesses the requisite qualifications and work experience for the position of Chief Financial Officer of the Group. On the recommendation of the Nominating Committee, the Board has approved the appointment of Mr Chiu as Chief Financial Officer of the Group.
Whether appointment is executive, and if so, the area of responsibility
Executive - oversight of the finance functions of the Group, including corporate finance, treasury, risk management, capital management and investor relations.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
February 2016 to mid-September 2018
YCH Group Pte Ltd
Group Chief Financial Officer
Responsible for the finance function including accounting, taxation, treasury and banking functions.

October 2014 to January 2016
Goodpack IBC (Singapore) Pte Ltd
(formerly known as Goodpack Ltd.)
Group Chief Financial Officer
Responsible for global corporate accounting, audit, taxation, banking, cash flow and treasury.

March 2013 to September 2014
Goodpack Limited
Group Deputy Chief Executive Officer
Responsible for global financial and operational management of the group.

September 2008 to February 2013
Goodpack Europe B.V.
Head, EMEA
P& L responsibility of EMEA region including Russia, managed business development, operations, logistics and finance.

February 2006 to August 2008
Goodpack Limited
Chief Financial Officer
In charge of group financial operations including accounting, reporting, SGX announcements, cash flows and treasury management, audit and taxation.
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)
Aussino Group Limited
YCH-Protrade Company Limited in Vietnam
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 a listed company?
Yes
If Yes, Please provide details of prior experience
Not applicable as this is not an appointment of a director.