Change - Announcement of Appointment::Appointment of Group Chief Executive Officer of Millennium & Copthorne Hotels Limited

Issuer & Securities

Issuer/ Manager
CITY DEVELOPMENTS LIMITED
Securities
CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Mar-2020 17:34:52
Status
New
Announcement Sub Title
Appointment of Group Chief Executive Officer of Millennium & Copthorne Hotels Limited
Announcement Reference
SG200330OTHR10UL
Submitted By (Co./ Ind. Name)
Enid Ling Peek Fong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The details of the Announcement start here.

Additional Details

Date Of Appointment
02/04/2020
Name Of Person
Clarence Tan Hung Chua
Age
52
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee of City Developments Limited (CDL) has recommended and the Board has approved the appointment of Mr Clarence Tan as the Group Chief Executive Officer (GCEO) of Millennium & Copthorne Hotels Limited (M&C), a principal subsidiary of CDL. Based on Mr Tan's extensive experience as a hotelier, the Board is satisfied that he is able to assume the responsibilities as M&C's GCEO.
Whether appointment is executive, and if so, the area of responsibility
Yes. Mr Tan is responsible for the development and implementation of the strategic plans and operational policies of M&C, and in leading the M&C management team in the operations of M&C.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Executive Officer of Millennium & Copthorne Hotels Limited
Professional qualifications
Mr Tan graduated from Nanyang Technology University with a Bachelor of Accountancy.
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
N.A.
Conflict of interests (including any competing business)
Recently appointed a non-executive director of Travelodge Hotels (Asia) Pte. Ltd. on 1 March 2020. Mr Tan will review the terms of his appointment and scope of responsibilities with a view to reduce such conflict. Should there be a conflict in any specific transaction, he has agreed to abstain from the same.
Working experience and occupation(s) during the past 10 years
InterContinental Hotels Group

November 2017 - January 2020
Managing Director, South East Asia and Korea

November 2016 - November 2017
Senior Vice President, New Hotels

August 2014 - November 2016
Senior Vice President, Development AMEA

July 2013 - July 2014
Chief Operating Officer, SEA and Resorts

August 2011 - July 2013
Chief Operating Officer, Asia Australasia

January 2011 - July 2011
Chief Operating Officer, Japan and Korea

August 2009 - December 2010
Chief Financial Officer and Head of Operations Support, Asia Australasia
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
No
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
Travelodge Hotels (Asia) Pte. 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
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
N.A.
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)
N.A.