News
Change - Announcement Of Cessation Of Executive Director
09 Jun 2021
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jun 9, 2021 17:22 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation - Executive Director |
| Announcement Reference | SG210609OTHR65RV |
| Submitted By (Co./ Ind. Name) | Thomas Sean Murphy |
| Designation | Chairman and Global Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Mr. Edward John Flachbarth as an Executive Director, Global President and Global Head of Maintenance with effect from 1 July 2021. |
| Additional Details | |
| Name Of Person | Edward John Flachbarth |
| Age | 54 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/07/2021 |
| Detailed Reason (s) for cessation | The Company initiated separation discussions with Mr. Edward John Flachbarth, in order to get someone to take a different perspective to build and grow the business for the next phase. |
| 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 | 27/04/2017 |
| 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) | 3 |
| 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.) | Executive Director |
| Role and responsibilities | Mr. Edward John Flachbarth is Executive Director, Global President and Global Head of Maintenance. He also assists in setting key business strategies and direction of the Group. |
| 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 | 9,858,456 ordinary shares in Procurri Corporation Limited |
| Past (for the last 5 years) | NIL |
| Present | Irrucorp Pte. Ltd. OHC LLC OHC Real Estate LLC PACC Flach LLC FMS LLC No Doubt Systems LLC Procurri Europe Limited Rockland Congruity LLC |