Email Alerts
News
Change - Announcement Of Appointment Of Non-Executive Director
BackJan 13, 2017
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jan 13, 2017 17:09 |
| Status | New |
| Announcement Sub Title | Announcement of Appointment of Non-Executive Director |
| Announcement Reference | SG170113OTHRA47J |
| Submitted By (Co./ Ind. Name) | Shane Hagan |
| Designation | Acting CEO |
| Effective Date and Time of the event | 13/01/2017 17:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Please refer to attached announcement. |
| Additional Details | |
| Date Of Appointment | 13/01/2017 |
| Name Of Person | Erle William Spratt |
| Age | 49 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board of Cambridge Industrial Trust Management Limited ("CITM") had reviewed the qualifications and work experience of Mr Erle William Spratt and supported his appointment as an Independent Non-Executive Director of CITM and a member of the Audit, Risk Management and Compliance Committee on the basis of Mr Spratt's extensive property development and property investment experience. |
| Whether appointment is executive, and if so, the area of responsibility | Not applicable. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director who is a AC Member. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | Mr Spratt's career started with 8 years providing audit and advisory services for Deloitte, then 16 years with Lend Lease Corporation followed by 6 years with M&G Real Estate Asia. Mr Spratt held a number of senior roles at Lend Lease including CFO for Lend Lease Development Australia and Lend Lease Real Estate Investments Japan, Commercial Manager in Lend Lease Development Australia, Investment Director in Lend Lease Retail Singapore and Fund Manager in Lend Lease Investment Management Singapore. Mr Spratt joined M&G Real Estate as Investment Director and Fund Manager of the Asia Property Fund in 2010. The highlight of his time with M&G was receiving investor support for a Fund overhaul and renewed vision and strategy to improve performance and reduce risk. Under Mr Spratt s leadership, dividends and total returns increased materially and the volatility of returns reduced materially. This success was achieved by determination and focus on achieving excellence for investors. Activity undertaken included optimising net income from each property, major asset enhancement works, acquiring assets at attractive valuations that complemented the portfolio, and improving cost efficiency. Mr Spratt holds a Bachelor of Economics from the University of Sydney and qualified as a Chartered Accountant in Australia. |
| 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 attached for the list of past directorship. |
| 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 a listed company? | No |
| If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company | Pursuant to Rule 704(7)(a) of the Listing Manual, Mr Spratt has no prior experience as a director of a listed company. Appropriate briefings and training will be provided in respect of roles and responsibilities of directors and corporate governance requirements. |
Attachments
- Past Directorships (Size: 100,449 bytes)