WILMAR INTERNATIONAL LIMITED 12/11/2015 General Announcement::News Release - Wilmar Appoints Independent Non-Executive Director
Issuer/ Manager | WILMAR IN1ERNATIONAL LIMITED |
Securities | WILMAR IN1ERNATIONAL LIMITED - SG1T56930848 - F34 |
Stapled Security | No |
General Announcement::News Release Wilmar AppointsIndependent Non-Executive Director Issuer & Securities
Announcement Details
Announcement Title | General Announcement |
Date & Time of Broadcast | 11-Dec-2015 17:31:39 |
Status | New |
Announcement Sub THle | News Release - Wilmar Appoints Independent Non-Executive Director |
Announcement Reference | SG151211OTHR27LC |
Submitted By (CoJInd.Name) | Teo La-Mei |
Designation | Company Secretary |
Description (Please provide a detailed description of the event In the box below) | Please refer to the attached News Release. |
Attachments | ® News Release-WIL Appoi nts I ndependent Non Executive Director dd11Dec15.pdf Total size =36K |
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wilmarWilmar InternationalLimited
co.Reg.NO. 1mo111asz
56 Neil Road,Singapore 088830
Tel (65)6216 0244
Telex RS 23171 WILMAR
info@wilmar.com.sg
www.w ilmar-international.com
NEWS RELEASE
WILMAR APPOINTS INDEPENDENT NON-EXECUTIVE DIRECTOR
Singapore, December 11, 2015 - Wilmar International Limited ('Wilmar'' or he Group'1, wishes to announce that it has appointed Professor Kishore Mahbubani as Independent Non-Executive Director with effect from January 1, 2016.
Professor Mahbubani is currently the Dean and Professor in the Practice of Public Policy at the Lee Kuan Yew School of Public Policy.He brings with him a distinguished career in government and is a well-respected voice on public issues. Professor Mahbubaniwas with the Singapore Foreign Service from 1971to 2004, with postings in Cambodia, Malaysia, Washington DC and New York, where he served two stints as Singapore's Ambassador to the United Nations ('UN'1and as President of the UN Security Council in January 2001 and May 2002. He was Permanent Secretary at the Singapore Foreign Ministry from 1993 to 1998. Professor Mahbubani was selected by Prospect magazine as one of the top 50 world thinkers in 2014.
Wilmar also wishes to announce the resignation of Dr Leong Horn Kee as Independent Non-Executive Director with effect from December 31, 2015.Dr Leong was appointed a Director of Ezyhealth Asia Pacific Limited ('Ezyhealth') on June 30,2000 and remained on the Board after completion of the reverse takeover of Ezyhealth by Wilmar on July 14, 2006.
Wilmar's Board recognises the importance of undergoing a process of renewal via changes in membership and welcomes Professor Mahbubani in his new role. The Board is of the view that the appoin1ment of Professor Mahbubani, who has vast knowledge and expertise in the public sector, as an Independent Non-Executive Director of Wilmar, will be able to contribute to the independence of the Wilmar Board
and provide the Board with valuable insights on global issues that would help Wilmar in its operations that currently span over 50 countries.
The Board also thanks Dr Leong for his dedicated service and contributions to the Group over the last 9 years.
Wilmar International Limited, founded in 1991 and headquartered in Singapore, is today Asia's leading agribusiness group. Wilmar is ranked amongst the largest listed companies by market capitalisation on the Singapore Exchange.
Wilmar's business activities include oil palm cultivation, oilseed crushing, edible oil refining, sugar milling and refining, specialty fat, oleochemical, biodiesel and fertiliser manufacturing and grain processing. At the core of Wilmar's strategy is a resilient integrated agribusiness model that encompasses the entire value chain of the agricultural commodity processing business, from origination and processing to branding, merchandising and distribution of a wide range of agricultural products. It has over 500 manufacturing plants and an extensive distribution network covering China, India, Indonesia and some 50 other countries. The Group is backed by a multinational workforce of about 92,000 people.
Wilmar's portfolio of high quality processed agricultural products is the preferred choice of the food manufacturing industry, as well as the industrial and consumer food businesses. Its consumer-packed products occupy a leading share in its targeted markets. Through scale, integration and the logistical advantages of its business model, Wilmar is able to extract margins at every step of the value chain, thereby reaping operational synergies and cost efficiencies. Wilmar remains a firm advocate of sustainable growth and is committed to its role as a responsible corporate citizen.
ISSUED BY CONTACT
DURING OFFICE HOURS : EMAIL
Wilmar International Limited
Ms LIM Li Chuen (Investor Relations)/
Ms Iris CHAN (Corporate Communications)
+(65) 6507-0592 / +(65) 6216-0870
lim.lichuen@wilmar.com.sg I iris.chan@wilmar.com.sg
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