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| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jan 3, 2017 18:55 |
| Status | New |
| Announcement Sub Title | APPOINTMENT OF INDEPENDENT DIRECTOR |
| Announcement Reference | SG170103OTHR9DSM |
| Submitted By (Co./ Ind. Name) | RAYMOND LAM |
| Designation | COMPANY SECRETARY |
| Description (Please provide a detailed description of the event in the box below) | APPOINTMENT OF INDEPENDENT DIRECTOR |
| Additional Details | |
| Date Of Appointment | 03/01/2017 |
| Name Of Person | DORESWAMY NANDKISHORE |
| Age | 58 |
| Country Of Principal Residence | Switzerland |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board of Directors are of the view that based on Mr Nandkishore's qualifications and experience; he is eminently qualified to contribute positively to the Company. The Board considers Mr Nandkishore to be independent for the purpose of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director |
| 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 Nandkishore is an Executive Fellow of the London Business School. Mr Nandkishore's working experience and occupations during the past 10 years are as follow: From July 2015 to present - Non-executive Director of Blippar.com Ltd, based in the United Kingdom From October 2011 to April 2015 - Executive Vice President of Nestle S.A., Zone Asia, Oceania, Africa, based in Vevey, Switzerland From October 2010 to September 2011 - Deputy Executive Vice President, (CEO Global Business) Nestle Nutrition, based in Vevey, Switzerland From October 2009 to September 2010 - Senior Vice President, (CEO Global Business) Nestle Infant Nutrition, based in Vevey, Switzerland From April 2005 to September 2009 - President and CEO, Nestle Philippines Inc., based in Manila, Philippines. |
| 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) | 2000 - 2003, Board member PT Nestle Indonesia 2003 - 2005, CEO, "President Direktor", PT Nestle Indonesia 2004 - 2006, Founder/Director of PT Nestle Indofood Citarasa Indonesia 2003 - 2005, Trustee Swiss German University Jakarta 2011 to 17 Apr 2015, PT Nestle Indonesia, President Commissaris 2011 to 17 April 2015, PT Nestle Indofood Citarasa Indonesia, Director/President (alternate) 2005 - 2009, Chairman & CEO, Nestle Philippines Inc. 2004/2005, Founding member of the Infant & Pediatric Nutrition Association Philippines 2005 - 2009, (Philippines Business for Social Progress) PBSP, Manila 2008 - 2009, Trustee ISM Manila (International School Manila) 2010 to 21 Sep 2011, Life Ventures Nestle S.A. Vevey 2010 to 21 Sep 2011, Nutrition-Wellness Venture AG, Vevey 2011 - 2012, Director FIA (Food Industry Asia) 2011 to 16 Dec 2014, Osem Investments Ltd, Tel Aviv 2011 to 17 Apr 2015, Nestle (China) Ltd, Director 2011 to 1 May 2015, Hsu Fu Chi International Holdings Limited, Hong Kong 2010 - 2015, Executive Board Member Nestle S.A. 2011 to 17 Apr 2015, CPW SA (Cereal Partners Worldwide), Lausanne 2010 to 22 Nov 2011, Nestle Institute of Health Sciences SA, Lausanne 2010 - 2011, International Association of Infant Food Manufacturers 2009 to 2015, Nestle Nutrition Council, Vevey |
| Present | Blippar.com Ltd Tiserin Capital Management, Nairobi. I & N Developmental Investments Ltd, London |
| (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? | Yes |
| If Yes, Please provide details of prior experience | Mr Nandkishore has 35 years of global experience in branded consumer packaged goods, across both emerging and developed global markets, including 26 years at Nestle, where he served as executive board member for Nestle's SA, responsible for Asia Oceania and Africa, from 2011 to 2015. Nestle' SA is a Company listed on the Swiss Exchange (SIX). |
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