Email Alerts
News
Change - Announcement Of Cessation Of Chief Executive Officer & Executive Director
BackNov 10, 2016
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Announcement of Cessation of Chief Executive Officer & Executive Director |
| Date & Time of Broadcast | Nov 10, 2016 7:00 |
| Submitted By | Dr Chua Yong Hai Chairman |
| Effective date and time | Nov 9, 2016 17:30 |
| Description | Cessation of Mr Philip Levinson as Chief Executive Officer and Executive Director of Cambridge Industrial Trust Management Limited. |
| Cessation Details | |
| Name of person | Philip Henry Lewis Levinson |
| Age | 52 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Nov 9, 2016 |
| Detailed reason(s) for cessation | Mr Levinson has resigned from his position in the Company to pursue other interests. Mr Shane Hagan will be appointed as Acting CEO in the interim subject to the necessary clearances. |
| 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 | Mar 31, 2014 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this account this cessation) | 3 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 3 |
| Job Title | Chief Executive Officer and Executive Director |
| Role and responsibilities | The CEO is in charge of leading the CITM management team and is responsible for the team's performance. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | Nil |
| Shareholdings interest in the listed issuer and its subsidaries? | Yes |
| Shareholding Details | 44,024 CIT units |
| Other directorships | |
| Past (for the last 5 years) | - Asia Pacific Real Estate Association, Singapore - Taurus Wealth Advisors Pte. Ltd., Singapore |
| Present | - Cambridge Industrial Trust Management Limited - Cambridge-MTN Pte. Ltd. - Cambridge SPV2 Pte. Ltd. - Penmount Properties P/L (Sydney Australia) - Penmount Partners Pte. Ltd. |
Attachments
- Attachment 1 (Size: 325,026 bytes)