News
Change - Announcement Of Appointment Of Non-Independent Non-Executive Director
BackAug 31, 2020
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Aug 31, 2020 19:01 |
| Status | New |
| Announcement Sub Title | Appointment of Non-Independent Non-Executive Director |
| Announcement Reference | SG200831OTHR93RL |
| Submitted By (Co./ Ind. Name) | Tan Shu Lin |
| Designation | Chief Executive Officer and Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr Brian Riady as Non-Independent Non-Executive Director and a Member of the Nominating and Remuneration Committee of OUE Commercial REIT Management Pte. Ltd. (the "Manager"). |
| Additional Details | |
| Date Of Appointment | 01/09/2020 |
| Name Of Person | Brian Riady |
| Age | 30 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Nominating and Remuneration Committee of the Manager has reviewed the qualifications and experience of Mr Brian Riady and has recommended his appointment as the Non-Independent Non-Executive Director and a member of the Nominating and Remuneration Committee to the Board of Directors. The Board of Directors of the Manager, having reviewed and considered Mr Brian Riady's qualifications and experience, has approved his appointment as the Non-Independent Non-Executive Director and a Member of the Nominating and Remuneration Committee. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Independent Non-Executive Director and Member of the Nominating and Remuneration Committee |
| Professional qualifications | Bachelor of Science (Political Communication) and Bachelor of Arts (Economics), University of Texas, Austin |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries | Mr Brian Riady is the son of Dr Stephen Riady, the Executive Chairman and Group Chief Executive Officer of OUE Limited. OUE Limited wholly-owns the Manager and is a controlling unitholder of OUE Commercial Real Estate Investment Trust ("OUE C-REIT"). Dr Stephen Riady is also a substantial shareholder of OUE Limited and a substantial unitholder of OUE C-REIT. |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | January 2020 to present: Deputy Chief Executive Officer and Executive Director, OUE Limited October 2018 to December 2019: Chief Executive Officer, Hospitality Division, OUE Limited January 2018 to December 2019: Executive Vice President, Lippo China Resources Limited, Hong Kong December 2013 to September 2018: Vice President - Strategy, Lippo Group, Indonesia December 2013 to October 2017: Founder and Chief Executive Officer, PT Cinemaxx Global Pasifik, Indonesia July 2012 to August 2013: Analyst, Credit Suisse USA |
| 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? | No |
| # 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) | 1. Plainfield Creek Pte. Ltd. (struck off) 2. Meritus Hotels & Resorts Limited |
| Present | Director: 1. All Around Limited 2. Beringia Singapore Pte. Ltd. 3. Beringia Properties Corp. 4. Chatexpress Pte. Ltd. 5. Chenexpress Pte. Ltd. 6. Clovis Singapore Pte. Ltd. 7. Cuisine Continental Group (HK) Ltd 8. Cuisine Continental (HK) Limited 9. Cuisine Creations Pte. Ltd. 10. Encore Dining Pte. Ltd. 11. Gainmate Hong Kong Limited 12. LCR Catering Services Limited 13. Mandarin Hotel (Singapore) Private Limited 14. Maxx Coffee Singapore Pte. Ltd. 15. Meritus Hotels Pte. Ltd. 16. Meritus Hotels & Resorts Sdn Bhd 17. Meritus International Pte. Ltd. 18. Oddish Ventures Pte. Ltd. 19. OUE Airport Hotel Pte. Ltd. 20. OUE Dining Pte. Ltd. 21. OUE Hashida Pte. Ltd. 22. OUE International Holdings Pte. Ltd. 23. OUE Limited 24. OUE Orchard Hotel Pte. Ltd. 25. OUE Restaurants Pte. Ltd. 26. OUE Skyspace Holdings Corp. 27. OUE Trademarks Pte. Ltd. 28. OUE USA Services Corp. 29. Singapore Mandarin International Hotels Pte Ltd 30. Singapore Meritus International Hotels Pte Ltd 31. Superfood Retail Limited Commissioner: 1. PT MHPL Indonesia 2. PT Cinemaxx Global Pasifik |
| (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 an issuer listed on the Exchange? | Yes |
| If Yes, Please provide details of prior experience | Mr Brian Riady is currently the Deputy Chief Executive Officer and Executive Director of OUE Limited. |
| Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable) | Not applicable |
