News
Change - Announcement Of Appointment Of Chief Executive Officer - Designate
Jun 01, 2023
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jun 1, 2023 18:01 |
| Status | New |
| Announcement Sub Title | Appointment of Chief Executive Officer - Designate |
| Announcement Reference | SG230601OTHR66A1 |
| 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 Executive Officer - Designate |
| Additional Details | |
| Date Of Appointment | 14/08/2023 |
| Name Of Person | Anthea Lee Meng Hoon |
| Age | 49 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | Frasers Logistics & Commercial Asset Management Pte. Ltd. ("FLCAM"), the manager of Frasers Logistics & Commercial Trust ("FLCT"), has identified Ms Anthea Lee Meng Hoon as the successor of Mr Robert Stuart Claude Wallace, who will be stepping down as Chief Executive Officer ("CEO") of FLCAM with effect from 14 August 2023. Ms Lee will take over as the CEO with effect from 14 August 2023, subject to regulatory approval as required under the Securities and Futures Act 2001 of Singapore. The Nominating and Remuneration Committee ("NRC") of FLCAM has reviewed and considered Ms Lee's qualifications and working experience and are of the opinion that Ms Lee is suitable for the role of CEO of FLCAM. Based on the NRC's recommendation, the Board of Directors has approved the appointment of Ms Lee as CEO of FLCAM. Please refer to the attached press release for more information. |
| Whether appointment is executive, and if so, the area of responsibility | The appointment is executive. The Chief Executive Officer has full executive responsibilities over the business direction and operational decisions in the day-to-day management of FLCAM, and is responsible for the execution of strategies and policies approved by the Board of FLCAM. She will work closely with the Board and the management team of FLCAM to drive the overall business and investment strategies of FLCT. She will provide leadership for the day-to-day management of the business to ensure the effective implementation of FLCT's business plans. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Executive Officer |
| Professional qualifications | Masters of Science (International Construction Management), Nanyang Technological University Bachelor of Science (Estate Management) Second Class (Upper) Honours, National University of Singapore |
| 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 | No |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | February 2021 - present: Chief Executive Officer of Keppel DC REIT Management Pte. Ltd., Singapore ("Keppel DC") February 2018 - January 2021: Deputy Chief Executive Officer and Head of Investment of Keppel DC August 2017 - January 2018: Head of Investment of Keppel DC April 2015 - August 2017: Head of Investment and Asset Management of Keppel DC October 2006 - April 2015: Vice President, Investments of Keppel REIT Management Limited, Singapore |
| 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) | Please refer to Attachment 1. |
| Present | Please refer to Attachment 1. |
| (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. |
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