News
Change - Announcement Of Cessation Of Mr Wilson Tan As CEO And Executive Non-Independent Director
Back25 Apr 2017
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Cessation of Mr Wilson Tan as CEO and Executive Non-Independent Director |
| Securities | CAPITALAND MALL TRUST (CAPMALL) |
| Date & Time of Broadcast | Apr 25, 2017 7:31 |
| Submitted By | Lee Ju Lin, Audrey Company Secretary, CapitaLand Mall Trust Management Limited |
| Description | Cessation of Mr Tan Wee Yan, Wilson as Chief Executive Officer, Executive Non-Independent Director and Member of the Executive Committee of CapitaLand Mall Trust Management Limited. |
| Cessation Details | |
| Name of person | Tan Wee Yan, Wilson |
| Age | 59 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | May 1, 2017 |
| Detailed reason(s) for cessation | Mr Tan Wee Yan, Wilson will relinquish his role as Chief Executive Officer and Executive Director of the Company to assume another role within the CapitaLand Limited Group with effect from 1 May 2017. Mr Wilson Tan was appointed Chief Executive Officer on 1 July 2012 and has been integral in the growth of CapitaLand Mall Trust since then. The Board of Directors of the Company would like to express its thanks and appreciation to Mr Wilson Tan for his contributions to the Company. |
| 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 | Jul 1, 2012 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this account this cessation) | 5 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 2 |
| Job Title | Chief Executive Officer, Executive Non-Independent Director and Member of the Executive Committee |
| Role and responsibilities | The current position is executive in nature. Mr Tan had full executive responsibilities over the business directions and operational decisions of CapitaLand Mall Trust ("CMT") and is responsible for implementing CMT's strategies and policies and conducting CMT's business. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | None |
| Shareholdings interest in the listed issuer and its subsidaries? | Yes |
| Shareholding Details | 50,252 units in CapitaLand Mall Trust (own name) |
| Other directorships | |
| Past (for the last 5 years) | Please see Appendix A |
| Present | Please see Appendix B |
Attachments
- Appendix A (Size: 9,423 bytes)
- Appendix B (Size: 8,660 bytes)