Change - Announcement of Cessation::ANNOUNCEMENT OF CESSATION AS EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
DBS GROUP HOLDINGS LTD
Securities
DBS GROUP HOLDINGS LTD - SG1L01001701 - D05
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
06-Mar-2025 07:40:35
Status
New
Announcement Sub Title
ANNOUNCEMENT OF CESSATION AS EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER
Announcement Reference
SG250306OTHRG1R3
Submitted By (Co./ Ind. Name)
Marc Tan
Designation
Group Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation as Executive Director and Chief Executive Officer - Mr Piyush Gupta

Additional Details

Name Of Person
Piyush Gupta
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
28/03/2025
Detailed Reason (s) for cessation
As part of the Board renewal process, Mr Gupta will be retiring at the conclusion of the 26th Annual General Meeting of DBS Group Holdings Ltd ("DBSH"), which is scheduled to be held on 28 March 2025. He was appointed to the DBSH Board on 9 November 2009 and has served as an executive director and Chief Executive Officer for over 15 years. The Board and Management of DBS would like to express their gratitude to Mr Gupta for his invaluable contributions to the Board and the DBS Group.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
09/11/2009
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer, Chairman of Board Sustainability Committee
Role and responsibilities
Executive appointment.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
2,258,859 shares in DBS Group Holdings Ltd
Past (for the last 5 years)
Please see Annex A attached.
Present
Please see Annex B attached.

Attachments

ANNEX A.pdf
ANNEX B.pdf
Total size =164K