News
Change - Announcement Of Appointment Of Chief Financial Officer
Aug 02, 2021
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Aug 2, 2021 20:17 |
| Status | New |
| Announcement Sub Title | Announcement of Appointment of Chief Financial Officer |
| Announcement Reference | SG210802OTHRDE7M |
| Submitted By (Co./ Ind. Name) | Catherine Yeo |
| 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 | 01/10/2021 |
| Name Of Person | Yeo Whay Teng, Tricia |
| Age | 43 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Frasers Logistics & Commercial Asset Management Pte. Ltd. ("FLCAM") has identified a successor for Ms Cher Mui Sim Susanna, who will be retiring as the Chief Financial Officer of FLCAM with effect from 1 October 2021. The Board of Directors has reviewed and considered Ms Yeo Whay Teng, Tricia's qualifications and working experience and is of the opinion that she is suitable for the role of Chief Financial Officer of FLCAM, the manager of Frasers Logistics & Commercial Trust ("FLCT"). |
| Whether appointment is executive, and if so, the area of responsibility | The appointment is executive. Ms Yeo Whay Teng, Tricia, as Chief Financial Officer, will be responsible for the finances of FLCT and FLCAM, including monitoring and reporting on the financial performance of FLCT and FLCAM, preparation of statutory accounts, co-ordination with external auditors, and managing tax affairs and compliance matters. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Financial Officer |
| Professional qualifications | Chartered Financial Analyst, CFA Institute Chartered Accountant, Institute of Singapore Chartered Accountants |
| 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 | Nil |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | April 2020 to present: Head of Capital Markets & Treasury, Frasers Logistics & Commercial Asset Management Pte. Ltd. August 2017 to April 2020: Chief Financial Officer, Frasers Commercial Asset Management Ltd. (formerly known as Frasers Centrepoint Asset Management (Commercial) Ltd. ("FCAMC")) May 2017 to August 2017: Chief Financial Officer - Designate, FCAMC June 2013 to April 2017: Head of Real Estate, Investment Banking & Advisory, Maybank Kim Eng Securities Pte. Ltd. April 2012 to February 2013: Vice President, Business Development, Singbridge International Pte Ltd April 2008 to April 2011: Vice President, Investment Banking, Deutsche Bank |
| 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 | Ms Yeo holds 191,749 units in FLCT, and holds 301,221 awards under the FLCAM Restricted Unit Plan ("RUP") pursuant to which up to 354,421 units in FLCT under the FLCAM RUP may be vested or delivered. |
| # 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 | 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 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 | Not applicable. |
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