Announcement Title | Change - Announcement of Cessation |
Announcement Subtitle | ANNOUNCEMENT OF CESSATION AS CHIEF FINANCIAL OFFICER |
Securities |
OTTO MARINE LIMITED (OTTO) |
Date & Time of Broadcast | Dec 31, 2014 17:42 |
Submitted By |
Michael See Kian Heng Group Executive Director |
Description | Please refer to the below. |
Cessation Details | |
Name of person | Wee Sien Yang ("Mr. Wee") |
Age | 47 |
Is effective date of cessation known? | Yes |
Effective date for cessation | Jan 1, 2015 |
Detailed reason(s) for cessation | Mr. Wee will be re-assigned as Chief Financial Officer of Surf Subsea Pte Ltd, a wholly-owned subsidiary of the Company as part of the Group's job rotation programme. |
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 | Feb 3, 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) | 1 |
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 Financial Officer |
Role and responsibilities | Responsible for the financial aspects of the Group. |
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | None. |
Shareholdings interest in the listed issuer and its subsidaries? | No |
Other directorships | |
Past (for the last 5 years) |
SGPC 1 Pte Ltd Skaugen (Shanghai) Trading Co., Ltd. Norgas Fleet Management (Shanghai) Co., Ltd. V.Ships (Asia) Pte Ltd V.Ships Asia Maritime Services Pte Ltd V.Ships Hansen (Singapore) Pte Ltd SeaSolve Marine Logistics (Asia) Pte Ltd International Tanker Management Singapore Pte Ltd V.Ships (Chennai) Private Limited V.Ships (Papua New Guinea) Limited China International Ship Management Company Limited |
Present |
V.Ships (Asia) MSI Holdings Pte Ltd (In liquidation) V.Ships (Asia) MSI Pte Ltd (In liquidation) V.Ships (Asia Pacific) Pte Ltd (In liquidation) World Travel Channel Pte Ltd (In liquidation) |
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