Dec 12, 2022
Change - Announcement Of Appointment Of Non-Executive And Non-Independent Director
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Dec 12, 2022 8:07 |
| Status | New |
| Announcement Sub Title | Appointment of Non-Executive and Non-Independent Director |
| Announcement Reference | SG221212OTHRBT5O |
| Submitted By (Co./ Ind. Name) | Catherine Yeo |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Non-Executive and Non-Independent Director, member of the Board Executive Committee and member of the Remuneration Committee of Frasers Property Limited ("FPL" or the "Company"). |
| Additional Details | |
| Date Of Appointment | 01/01/2023 |
| Name Of Person | Thapana Sirivadhanabhakdi |
| Age | 47 |
| Country Of Principal Residence | Thailand |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | Mr Thapana Sirivadhanabhakdi is the President & Chief Executive Officer of Thai Beverage Public Company Limited ("ThaiBev"), an appointment which he has held since January 2008. He also sits on the boards and board committees of various listed entities, including ThaiBev. ThaiBev is a substantial shareholder of the Company. After having considered the qualifications, expertise and experience of Mr Sirivadhanabhakdi, the Board, with the recommendation of the Nominating Committee, approved the appointment of Mr Sirivadhanabhakdi as a Non-Executive and Non-Independent Director of FPL as well as a member of each of the Board Executive Committee and the Remuneration Committee. The Board is of the view that Mr Sirivadhanabhakdi's appointment would provide further diversity to the core competencies and skill set of the Board. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Non-Independent Director, member of the Board Executive Committee and member of the Remuneration Committee |
| Professional qualifications | - Bachelor of Business Administration (Finance), Boston University, USA - Master of Science Administration in Financial Economics, Boston University, USA - Doctor of Business Administration (Business Innovation Management), Silpakorn University, Thailand - Honorary Doctor of Arts in Art and Design, Bangkok University, Thailand - Honorary Doctorate Degree in Business Administration (Management), Rajamangala University of Technology lsan, Thailand - Honorary Doctorate Degree in Business Administration, Sasin Graduate Institute of Business Administration, Chulalongkorn University, Thailand - Honorary Doctoral Degree in Science (Logistics Management), King Mongkut's Institute of Technology Ladkrabang, Thailand - Honorary Doctoral Degree of Arts, Rajamangala University of Technology Phra Nakhon, Thailand - Honorary Doctoral Degree in Hospitality, Rajamangala University of Technology Krungthep, Thailand - Honorary Doctoral Degree in Community Development, Chiang Mai Rajabhat University, Thailand - Honorary Doctoral Degree of Business Administration in Strategic Logistic and Supply Chain Management, Suan Sunandha Rajabhat University, Thailand - Honorary Doctoral Degree of Philosophy in General Management, Ramkhamhaeng University, Thailand - Director Accreditation Program (DAP) 2004, Thai Institute of Directors Association |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries | Mr Thapana Sirivadhanabhakdi is the: - son of Mr Charoen Sirivadhanabhakdi and Khunying Wanna Sirivadhanabhakdi, the Chairman and Vice-Chairman respectively of the Board, each of whom is also a substantial shareholder of the Company; - brother of Mr Panote Sirivadhanabhakdi, the Group Chief Executive Officer and Non-Independent Director of the Company; and - brother-in-law of Mr Chotiphat Bijananda, a Non-Executive and Non-Independent director of the Company. |
| Conflict of interests (including any competing business) | Mr Thapana Sirivadhanabhakdi is currently a non-executive director of Univentures Public Company Limited, which is listed on the Stock Exchange of Thailand and is involved in real estate and property development in Thailand. In the event of any possible conflicts of interest arising in relation to a proposed transaction, Mr Sirivadhanabhakdi will abstain and/or recuse himself from any discussion and decision in relation to such transactions. |
| Working experience and occupation(s) during the past 10 years | Please see attached. |
| 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? | Yes |
| Shareholding Details | TCC Group Investments Limited ("TCCGI") has a direct interest in 70,000,000 shares in the Company ("Shares"). Mr Thapana Sirivadhanabhakdi holds 20% of the issued share capital of TCCGI, and is therefore deemed to be interested in the 70,000,000 Shares in which TCCGI has a direct interest. |
| # 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) | Please see attached. |
| Present | Please see attached. |
| (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 an issuer listed on the Exchange? | Yes |
| If Yes, Please provide details of prior experience | Mr Thapana Sirivadhanabhakdi is director of Fraser and Neave, Limited and ThaiBev. |
12 Dec 2022 | PDF 69,461 kb
