Change - Announcement Of Appointment Of Executive Director

27 Apr 2017
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Apr 27, 2017 19:57
Status New
Announcement Sub Title Announcement of Appointment of Executive Director
Announcement Reference SG170427OTHR00ND
Submitted By (Co./ Ind. Name) Thomas Sean Murphy
Designation Executive Chairman and Global Chief Executive Officer
Description (Please provide a detailed description of the event in the box below) Appointment of Mr. Edward John Flachbarth as Executive Director.
Additional Details
Date Of Appointment 27/04/2017
Name Of Person Edward John Flachbarth
Age 49
Country Of Principal Residence United States of America
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) Based on the industry expertise of Mr. Edward John Flachbarth and his experience as the Global President of the Group, the Board believes that he is able to perform his duties and responsibilities that are in line with his role as Executive Director within the Group.
Whether appointment is executive, and if so, the area of responsibility Executive. Mr. Edward John Flachbarth will be Executive Director and Global President assisting in the setting of the strategy direction of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Executive Director and Global President
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries None
Conflict of interests (including any competing business) None
Working experience and occupation(s) during the past 10 years 2013 - Present : Procurri LLP
2012 - 2013 : Avnet, Inc
1998 - 2012 : Canvas Systems LLC
1990 - 1997 : Sun Data Systems, LLC
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) Yes
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details Irrucorp Pte. Ltd. holds 33,995,000 shares in the Company. Mr. Edward John Flachbarth has a deemed interest in these 33,995,000 shares in the Company by virtue of his 20.68% shareholding in Irrucorp Pte. Ltd.
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years) None
Present Irrucorp Pte. Ltd.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? No
(c) Whether there is any unsatisfied judgment against him? No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? No
Any prior experience as a director of a listed company? No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company The Company will arrange for Mr. Edward John Flachbarth to attend relevant briefings and training in the roles and responsibilities of a publicly listed company.