Investor Relations - News
Announcement Of Appointment Of Chief Executive Officer
BackApr 14, 2010
| Appointment Details | ||
| Date of Appointment | 01/07/2010 | |
| Name | KUAH BOON WEE | |
| Age | 43 | |
| Country of principal residence | Singapore | |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | As part of the Group's succession planning, Mr. Kuah Kok Kim has stepped down as Chief Executive Officer ("CEO") and Mr. Kuah Boon Wee has been appointed as the new CEO. The Board is of the opinion that with Mr. Kuah Boon Wee's many years of senior management experience in several major companies notably PSA International and ST Engineering, plus his participation as a board member of MTQ Corporation Limited, for the preceding 3 years, he is well placed to lead the Group in its next phase of development. Subsequent to his appointment as CEO, Mr. Kuah Boon Wee will be re-designated as Executive Director. | |
| Whether appointment is executive, and if so, area of responsibility | Executive, accountable to the Board of Directors for the overall performance of the Group's business operations and strategic planning. | |
| Job Title | Chief Executive Officer | |
| Working experience and occupation(s) during the past 10 years | From March 2004 to date, Mr Kuah has been working for PSA International Pte Ltd, a leading global port operator. From January 2007 to February 2010, he was the CEO of PSA Southeast Asia & Singapore Terminals, during a period when Singapore Terminals achieved the title of 'World's Busiest Container Port' every year. He was also responsible for developing PSA's interests in Vietnam and Thailand. He joined as Group Chief Financial Officer, where he was responsible for the Group's world-wide finance functions, including financial management and treasury. In recent months, he was the CEO of PSA Middle East & South Asia, looking after the Group's business interests in that region. From December 2001 to March 2004, Mr Kuah was the Chief Financial Officer of ST Engineering, a major listed company on the SGX. He had overall responsibility of the finance functions for the defence and engineering conglomerate. Prior to that, Mr Kuah worked as a senior finance executive of Jardine Matheson & Co, Ltd. He served as Finance Director of Hongkong Land Holding Limited, a property investment company listed on the SGX from 2000 to 2001. |
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| Shareholding in the listed issuer and its subsidiaries | In own name-1,404,000 shares in MTQ Corporation Limited | |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Son of Executive Chairman, Mr Kuah Kok Kim | |
| Conflict of interest | Nil | |
| Other Directorship | ||
| Past (for the last five years) | Please see attached Appendix A. | |
| Present | Please see attached Appendix B. | |
| Information required pursuant to Listing Rule 704(7)(h) | ||
| a. | Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner? | No |
| b. | Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency? | No |
| c. | Whether there is any unsatisfied judgement 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 for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) 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 been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach? | No |
| f. | Whether at any time during the last 10 years, judgement 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, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation 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 corporation? | No |
| h. | Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation? | No |
| i. | Whether he has ever been the subject of any order, judgement 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 |
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| (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 |
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| (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 |
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| (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, | No |
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| in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | ||
| 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 |
| Information required pursuant to Listing Rule 704(7)(i) | ||
| Any prior experience as a director of a listed company? | Yes | |
| If yes, please provide details of prior experience. | MTQ Corporation Limited |
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Attachments
- Appendix A (Size: 18,318 bytes)
- Appendix B (Size: 11,190 bytes)