News
Change - Announcement Of Cessation Of Non-Executive Non-Independent Director
BackApr 24, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 24, 2025 19:11 |
| Status | New |
| Announcement Sub Title | Cessation of Non-Executive Non-Independent Director |
| Announcement Reference | SG250424OTHRM8A1 |
| Submitted By (Co./ Ind. Name) | Tan Swee Gek |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Mr David Peter Walker ("Mr Walker") as Non-Executive Non-Independent Director of the Company. The number of the Independent Directors currently resident in Singapore includes the appointment of Ms Ang Tsu En Evelyn and Mr Choo Chih Chien Benjamin and the cessation of Mr Walker announced today. The number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months does not include the cessation of Mr Walker announced today. |
| Additional Details | |
| Name Of Person | David Peter Walker |
| Age | 63 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 24/04/2025 |
| Detailed Reason (s) for cessation | Having served on the Board for more than nine years, Mr Walker was with effect from 1 July 2024 re-designated as a Non-Executive Non-Independent Director. To facilitate the renewal of the Board, Mr Walker will be stepping down as a Non-Executive Non-Independent Director of the Company with effect from the conclusion of the annual general meeting on 24 April 2025. He will concurrently relinquish his positions as member of the Audit Committee, Nominating Committee, and Remuneration Committee. |
| 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 | 01/07/2024 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 4 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Non-Independent Director, Member of the Audit Committee, Nominating Committee, and Remuneration Committee. |
| Role and responsibilities | Non-Executive Non-Independent |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Member of the Global Board of Governors of the IB and Member of the IB Education and Governance Committees Chairman of Soil Scout Oy |
| Present | Founder and Managing Director of Kauri Capital Pte Ltd Founder and Managing Director of Rimu Investments Pte Ltd Board Member of UB Forest and Fibre Management Ltd Senior Partner of UB Forest Industry Green Growth Fund LP |
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