Resignation of Group Chief Financial Officer

Change - Announcement of Cessation::RESIGNATION OF GROUP CHIEF FINAN...
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Change - Announcement of Cessation::RESIGNATION OF GROUP CHIEF FINANCIAL OFFICER
Issuer & Securities
Issuer/ Manager
SMRT CORPORATION LTD
Securities
SMRT CORPORATION LTD - SG1I86884935 - S53
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Cessation
Date & Time of Broadcast
04-Nov-2014 18:26:04
Status
New
Announcement Sub Title
RESIGNATION OF GROUP CHIEF FINANCIAL OFFICER
Announcement Reference
SG141104OTHRNTKR
Submitted By (Co./ Ind. Name)
Jacquelin Tay Gek Poh
Designation
Company Secretary
The Board of Directors of SMRT Corporation Ltd (the "Company") wishes
to announce that Mr Ong Eng Keang, the Group Chief Financial Officer
("CFO") of the Company, has resigned from the Company to pursue
philanthropic interests and business prospects. Mr Ong will relinquish his
role as the Group CFO on 9 November 2014.
Description (Please provide a detailed
description of the event in the box below)
In his service with SMRT over the past year, Mr Ong has made key
contributions to the Company. We thank him for his service and wish him
all the best for his future endeavours.
Pending the appointment of a new CFO to replace Mr Ong, the
responsibilities of the CFO will be covered by Ms Cindy Lau Kee Mei
(Vice President, Group Finance & Shared Services). The Company will
announce the appointment of a replacement CFO in due course.
Additional Details
Name Of Person
Ong Eng Keang
Age
48
Is effective date of cessation known?
Yes
If yes, please provide the date
09/11/2014
Detailed Reason (s) for cessation
The Group CFO has decided to resign from the Company to pursue
philanthropic interests and business prospects.
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
01/03/2014
Does the AC have a minimum of 3 members
(taking into account this cessation)?
Yes
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Number of Independent Directors currently
resident in Singapore (taking into account
this cessation)
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.)
Group Chief Financial Officer
Role and responsibilities
The Group CFO provides overall leadership to the finance function of
SMRT Group and plays a key role in developing, monitoring and
evaluating overall corporate strategy with the Chief Executive Officer and
leaders of business units with emphasis on bottom line performance,
working capital and enhancing shareholder value. This position provides
useful financial insights to help make better decisions about formulating
and executing strategy. Major responsibilities include corporate
governance, accounting, treasury, investments and financial reporting.
Familial relationship with any director and/
or substantial shareholder of the listed
issuer or of any of its principal subsidiaries
NIL
Shareholding interest in the listed issuer
and its subsidiaries?
No
Past (for the last 5 years)
NIL
Present
SMRT Far East Pte. Ltd.
SMRT Capital Pte. Ltd.
SMRT Cayman I
SMRT Cayman II
SMRT Hong Kong Limited
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