Change - Announcement of Appointment::Appointment of Interim Executive Director

Issuer & Securities

Issuer/ Manager
SP CORPORATION LIMITED
Securities
SP CORPORATION LIMITED - SG1AJ0000007 - AWE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
11-Feb-2020 17:49:00
Status
New
Announcement Sub Title
Appointment of Interim Executive Director
Announcement Reference
SG200211OTHRRNUU
Submitted By (Co./ Ind. Name)
Julie Koh Ngin Joo
Designation
Group Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr William Nursalim alias William Liem as Interim Executive Director of SP Corporation Limited (the "Company") and change of his appointment from Non-Independent Non-Executive Director to Interim Executive Director.

Additional Details

Date Of Appointment
10/02/2020
Name Of Person
William Nursalim alias William Liem
Age
46
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Following the recent passing of Mr Boediman Gozali (alias Tony Wu) who was the Managing Director and Chief Executive Officer of the Company, the Company appoints Mr William Nursalim alias William Liem as the Interim Executive Director whilst the Company works on the necessary transition arrangement and succession plan.
Whether appointment is executive, and if so, the area of responsibility
Executive, assuming overall responsibilities for all business and operational matters of the Company.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Interim Executive Director
Professional qualifications
- Bachelor of Science in Business, University of California, Berkeley
- Master of Business Administration, Massachusetts Institute of Technology
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
Mr William Nursalim alias William Liem has a deemed interest in all the shares held by Tuan Sing Holdings Limited in the Company by virtue of his interest in Nuri Holdings (S) Pte Ltd. He is the brother-in-law of Mr David Lee Kay Tuan, a director of the Company, who is the spouse of Ms Michelle Liem Mei Fung, a deemed substantial shareholder of the Company. He is also the brother-in-law of Dr Tan Enk Ee, a deemed substantial shareholder of the Company.
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Mr William Nursalim alias William Liem is currently the Chief Executive Officer of Tuan Sing Holdings Limited, as well as Non-Independent Non-Executive Director of the Company.

Mr Liem's past working experience is set out below:

- Corporate Analyst of Lehman Brothers
- Management roles in GT Asia Pacific Holdings Pte Ltd and Habitat Properties Pte Ltd
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
Mr William Nursalim alias William Liem has a deemed interest in all the shares held by Tuan Sing Holdings Limited in the Company by virtue of his interest in Nuri Holdings (S) Pte Ltd.
# 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)
1. Harrison Properties Pte. Ltd. (Dissolved on 4 June 2016)

2. Golden Cape Investments Ltd (Dissolved on 11 July 2018)
Present
Please refer to the attached Appendix A.
(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?
Yes
If Yes, Please provide details of prior experience
Mr William Nursalim alias William Liem is currently a Non-Independent Non-Executive Director of the Company. He is also the Executive Director and Chief Executive Officer of Tuan Sing Holdings Limited.

Attachments

Appendix_A_Directorships_WL.pdf
Total size =10K