Change - Announcement Of Early Retirement Of Chief Financial Officer
BackNov 02, 2022
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Nov 2, 2022 18:15 |
| Status | New |
| Announcement Sub Title | Early Retirement of Chief Financial Officer |
| Announcement Reference | SG221102OTHR5OOW |
| Submitted By (Co./ Ind. Name) | Chester Leong |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Early Retirement of Chief Financial Officer |
| Additional Details | |
| Name Of Person | Mr Wong Hein Jee (Lester) |
| Age | 58 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/11/2022 |
| Detailed Reason (s) for cessation | Mr Wong has retired as Chief Financial Officer to spend more time with his family and pursue other interests. He is currently serving his notice and pursuant to the employment contract, his last day of service will be on 30 November 2022. |
| 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 | 21/02/2017 |
| 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) | 5 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Financial Officer |
| Role and responsibilities | Mr Wong is responsible for overseeing the finance and accounting, treasury and other corporate functions, including Procurement & Warehousing, Sustainability, Compliance and Enterprise Risk Management. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 400,000 units in NetLink NBN Trust |
| Past (for the last 5 years) | Nil |
| Present | NetLink Management Pte. Ltd. NetLink Treasury Pte. Ltd. NetLink Trust Operations Company Pte. Ltd. |