News
Change - Announcement Of Appointment Of Non-Executive And Non-Independent Director
Jul 30, 2020
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jul 30, 2020 12:17 |
| Status | New |
| Announcement Sub Title | Appointment of Non-Executive and Non-Independent Director |
| Announcement Reference | SG200730OTHRVIHD |
| 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 Non-Executive and Non-Independent Director |
| Additional Details | |
| Date Of Appointment | 30/07/2020 |
| Name Of Person | Reinfried Helmut Otter (Reini Otter) |
| Age | 50 |
| Country Of Principal Residence | Australia |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Mr Reini Otter has extensive experience in the investment and development of commercial and industrial properties. He is currently the Chief Executive Officer of Frasers Property Industrial, a strategic business unit of Frasers Property Limited ("FPL"). After having considered the credentials and experience of Mr Reini Otter, the Board, with the recommendation of the Nominating and Remuneration Committee, approved the appointment of Mr Reini Otter as a Non-Executive and Non-Independent Director of Frasers Logistics & Commercial Asset Management Pte. Ltd. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Non-Independent Director |
| Professional qualifications | Mr Reini Otter holds a Bachelor of Science (Architecture) and Bachelor of Architecture from the University of Sydney. Mr Reini Otter is also a graduate from the Advanced Management Program at INSEAD Business School, Europe. |
| 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) | Mr Reini Otter is currently an executive and a director of certain entities of the FPL group and holds appointments within the FPL group, including the position of Chief Executive Officer of Frasers Property Industrial. |
| Working experience and occupation(s) during the past 10 years | July 2019 to Present: Chief Executive Officer, Frasers Property Industrial Frasers Property Limited September 2016 to June 2019: Executive General Manager, Commercial & Industrial and Investment Property, Frasers Property Australia Pty Limited August 2015 to August 2016: Executive General Manager, Commercial & Industrial, Frasers Property Australia Pty Limited September 2007 to July 2015: Regional General Manager, Frasers Property Australia Pty Limited |
| 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 see attached. |
| Present | Please see attached. |
| (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 | Mr Reini Otter will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange. |
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