News
Feb 14, 2023
Change - Announcement Of Cessation As Chief Executive Officer
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 14, 2023 7:22 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation as Chief Executive Officer |
| Announcement Reference | SG230214OTHRIG8T |
| Submitted By (Co./ Ind. Name) | Catherine Yeo |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Announcement of Cessation as Chief Executive Officer |
| Additional Details | |
| Name Of Person | Robert Stuart Claude Wallace |
| Age | 51 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/06/2023 |
| Detailed Reason (s) for cessation | Mr Robert Stuart Claude Wallace has decided to step down as the Chief Executive Officer of Frasers Logistics & Commercial Asset Management Pte. Ltd. ("FLCAM"), the manager of Frasers Logistics & Commercial Trust ("FLCT") for family reasons. He has decided to return to Australia to be with his family. The board of directors ("Board") of FLCAM expresses its appreciation to Mr Wallace for his service and contributions during his tenure and extends its best wishes to him for his future endeavours. Mr Wallace will remain as the Chief Executive Officer until the effective date of his cessation and will be working closely with the Board and the management team of FLCAM to ensure a smooth transition. The appointment of a new Chief Executive Officer will be announced in due course. |
| 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 | 20/06/2016 |
| 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.) | Chief Executive Officer |
| Role and responsibilities | The Chief Executive Officer has full executive responsibilities over the business directions and operational decisions in the day-to-day management of FLCAM, and is responsible for the execution of strategies and policies approved by the Board of FLCAM. He works closely with the Board and the management team of FLCAM to drive the overall business and investment strategies of FLCT. He provides leadership for the day-to-day management of the business to ensure the effective implementation of FLCT's business plans. |
| 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 | Mr Wallace holds 45,800 units in FLCT, and holds 361,402 awards under the FLCAM Restricted Unit Plan ("RUP") pursuant to which up to 451,352 units in FLCT under the FLCAM RUP may be vested or delivered. |
| Past (for the last 5 years) | Please see Appendix A |
| Present | Please see Appendix A |
14 Feb 2023 | PDF 13,923 kb
Press Release14 Feb 2023 | PDF 111,311 kb
Get in touch with our IR representative
Close
Close
Data Protection and Privacy Statement
Statement purpose
The purpose of this Data Protection and Privacy Statement is to inform you of how Frasers Centrepoint Limited and its subsidiaries (collectively referred to as the "FCL Group", "we", "us" or "our"), manage Personal Data which is subject to the Singapore Personal Data Protection Act 2012.
This Data Protection and Privacy Statement applies to all FCL Group websites ("Group Websites"), and sets out how we collect, use or disclose Personal Data from you or that you have provided to us through the Group Websites or otherwise.
This Data Protection and Privacy Statement supplements but does not supersede or replace any other consents you may have provided to us in respect of your Personal Data and your consents herein are additional to any rights which the FCL Group may have to collect, use and disclose your Personal Data.
By providing us with your Personal Data, whether through the Group Websites or otherwise, you consent, agree and accept that we, as well as our respective representatives and/or agents may collect, use, disclose and share among ourselves your Personal Data as described in this Data Protection and Privacy Statement.
Personal data
In this Data Protection and Privacy Statement, “Personal Data” refers to any data, whether true or not, about an individual who can be identified from that data or from that data in combination with other information, to which we may have access.
In this Data Protection and Privacy Statement, “Personal Data” refers to any data, whether true or not, about an individual who can be identified from that data or from that data in combination with other information, to which we may have access.
In this Data Protection and Privacy Statement, “Personal Data” refers to any data, whether true or not, about an individual who can be identified from that data or from that data in combination with other information, to which we may have access.
In this Data Protection and Privacy Statement, “Personal Data” refers to any data, whether true or not, about an individual who can be identified from that data or from that data in combination with other information, to which we may have access.