Feb 07, 2025
Change - Announcement Of Cessation Of Appointment Of Chairman Of The Board And Non-Executive And Non-Independent Director
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 7, 2025 20:55 |
| Status | New |
| Announcement Sub Title | Cessation of Appointment of Chairman of the Board and Non-Executive and Non-Independent Director |
| Announcement Reference | SG250207OTHRMZN6 |
| Submitted By (Co./ Ind. Name) | Catherine Yeo |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Mr Charoen Sirivadhanabhakdi as Chairman of the Board and Non-Executive and Non-Independent Director of Frasers Property Limited ("FPL", and together with its subsidiaries, the "Group"). |
| Additional Details | |
| Name Of Person | Charoen Sirivadhanabhakdi |
| Age | 80 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 08/02/2025 |
| Detailed Reason (s) for cessation | Mr Charoen has served as the Chairman of the Board and as a Non-Executive and Non-Independent Director of FPL since 25 October 2013. He is retiring from the Board of FPL in line with FPL's plans for Board refreshment and renewal. In recognition of Mr Charoen's extraordinary contributions to the Group, he will be honoured with the title of Chairman Emeritus with effect from 8 February 2025 following his retirement. The Board of FPL expresses its sincere appreciation to Mr Charoen for his inspiring leadership and invaluable contributions as Chairman of the Board over the years, and looks forward to continuing to benefit from his wisdom and insight. |
| 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? | Yes |
| If Yes, Please provide full details | With effect from 8 February 2025, Mr Chumpol NaLamlieng will be appointed as Chairman of the Board and as a Non-Executive and Independent Director. |
| Date of Appointment to current position | 25/10/2013 |
| 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) | 1 |
| 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.) | Chairman of the Board and Non-Executive and Non-Independent Director |
| Role and responsibilities | As above. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Mr Charoen Sirivadhanabhakdi is the father of Mr Thapana Sirivadhanabhakdi, a Non-Executive and Non-Independent Director, and Mr Panote Sirivadhanabhakdi, the Group Chief Executive Officer and an Executive and Non-Independent Director. He was married to the late Khunying Wanna Sirivadhanabhakdi, whose estate continues to be a substantial shareholder of FPL. |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Deemed interest in 3,411,180,640 shares in the Company |
| Past (for the last 5 years) | Listed companies Fraser and Neave, Limited (Chairman) Others Beer Thai (1991) Public Company Limited (Chairman) Red Bull Distillery Group of Companies (Chairman) Southeast Corporation Co., Ltd. (formerly known as Southeast Group Co., Ltd.) (Chairman) |
| Present | Listed companies Asset World Corp Public Company Limited (Chairman) Berli Jucker Public Company Limited (Chairman) Thai Beverage Public Company Limited (Chairman/Executive Chairman) Thai Group Holdings Public Company Limited (Chairman) Others International Beverage Holdings Limited (Chairman) Siriwana Co., Ltd. (Chairman) Sura Bangyikhan Group of Companies (Chairman) Charoenwannasiri Co., Ltd. (formerly known as TCC Asset World Corporation Limited) (Chairman) TCC Corporation Limited (Chairman) TCC Group of Companies (Chairman) TCC Land Co., Ltd. (Chairman) |
