News
Jan 13, 2023
Change - Announcement Of Cessation Of Appointment As Chief Financial Officer
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jan 13, 2023 18:30 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation of Appointment as Chief Financial Officer |
| Announcement Reference | SG230113OTHR2RPT |
| Submitted By (Co./ Ind. Name) | Catherine Yeo |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Appointment as Chief Financial Officer |
| Additional Details | |
| Name Of Person | Eric Gan Chee Teik |
| Age | 51 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/02/2023 |
| Detailed Reason (s) for cessation | Mr Eric Gan Chee Teik will be stepping down as the Chief Financial Officer of Frasers Hospitality Asset Management Pte. Ltd. and Frasers Hospitality Trust Management Pte. Ltd., the manager of Frasers Hospitality Real Estate Investment Trust ("FH-REIT") and the trustee-manager of Frasers Hospitality Business Trust ("FH-BT") respectively (collectively, the "Managers"), as part of succession planning and leadership renewal. Mr Gan will be assuming the role of Chief Executive Officer of the Managers with effect from 1 February 2023. Please refer to the attached press release for more information. |
| 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 | 28/01/2019 |
| 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) | 3 |
| 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 Financial Officer |
| Role and responsibilities | As the Chief Financial Officer of the Managers, Mr Gan is responsible for the financial and capital management of Frasers Hospitality Trust, FH-REIT and FH-BT. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 548,565 stapled securities in FHT Mr Gan holds 904,835 awards under the FHAM/FHTM Restricted Stapled Securities Plan, pursuant to which up to 1,077,635 stapled securities in FHT may be vested or delivered. |
| Past (for the last 5 years) | Please see Attachment 1 |
| Present | Please see Attachment 1 |
13 Jan 2023 | PDF 175,785 kb
Joint Press Release13 Jan 2023 | PDF 143,883 kb
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