Change - Announcement Of Cessation Of Appointment As Chief Corporate & People Officer
30 Jun 2023
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 30, 2023 18:16 |
| Status | New |
| Announcement Sub Title | Cessation of Appointment as Chief Corporate & People Officer |
| Announcement Reference | SG230630OTHR67L4 |
| Submitted By (Co./ Ind. Name) | Michelle Koh |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Mr Tan Seng Chai will relinquish his role as Chief Corporate & People Officer and take up a new role as Senior Executive Director with effect from 1 July 2023. Further details are set out in this announcement. The admission and listing of CapitaLand Investment Limited on the Singapore Exchange Securities Trading Limited was sponsored by J.P. Morgan (S.E.A.) Limited. J.P. Morgan (S.E.A.) Limited assumes no responsibility for the contents of this announcement. |
| Additional Details | |
| Name Of Person | Tan Seng Chai |
| Age | 61 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/07/2023 |
| Detailed Reason (s) for cessation | Mr Tan Seng Chai will relinquish his Chief Corporate & People Officer role and take up a new role as Senior Executive Director (SED) with effect from 1 July 2023. As SED, he will continue as a member of Senior Leadership Council and will focus on stewardship matters in the CapitaLand Investment Group as well as supporting organisation and talent development in CapitaLand Investment China businesses. He will also continue to be Executive Director for CapitaLand group's philanthropy arm, CapitaLand Hope Foundation. |
| 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 | 20/09/2021 |
| 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) | 6 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Corporate & People Officer |
| Role and responsibilities | Mr Tan Seng Chai's scope of responsibilities included Group HR & Administration, Group Legal & Secretariat and Group Procurement. Besides his functional responsibilities, he worked closely with the Senior Leadership Council in driving organisational transformation and process improvement to support the Group's business strategies and objectives. |
| 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? | Yes |
| Shareholding Details | 1,678,379 ordinary shares of CapitaLand Investment Limited (direct interest) |
| Past (for the last 5 years) | Please see Appendix attached. |
| Present | Please see Appendix attached. |