FRENCKEN GROUP LIMITED
ANNUAL REPORT 2015
05
CHAIRMAN’S STATEMENT
FY2015 was a year fraught with challenges as business
sentiment remained depressed amid continuing uncertainty
over the direction of the global economy. While our Group
was not immune to the industry’s woes, I am pleased to
report that we were still able to score a number of positives
during FY2015 that has put Frencken on a stronger footing
for the coming years.
First and foremost, we successfully found the ideal person
to assume the position of Group President following the
sudden and sad demise of our founder, Mr Gooi Soon
Hock, in late 2014. After conducting an extensive search
at the beginning of 2015 for a qualified candidate to take
over the reins for our organisation, we were delighted to
welcome Mr Dennis Au to Frencken Group as our new
President in May 2015.
Mr Auhas over 25 years of experience in thehigh technology
industry in the field of electronics manufacturing and
testing. He has held a variety of senior management
positions in multinational corporations like Hewlett-
Packard, Agilent Technologies and Keysight Technologies,
and has in-depth knowledge of the Asia Pacific markets.
As President, Mr Au is responsible for charting the Group’s
strategic direction, setting the goals for the organisation,
overseeing the operations of our two divisions and driving
the Group’s financial performance. We are confident
that Frencken will benefit immensely from his leadership
and significant experience in the execution of strategic
operational initiatives, which include organisational design,
process and organisational reengineering, and turnaround
management.
Since coming on board, Mr Au’s key focus has been to
strengthen the Group’s foundation to successfully navigate
through this current uncertain business environment. Mr
Au and the management team have been working hard
to chart a course forward for the Group by putting in
place solid building blocks – Great Strategy, Execution
Excellence and Outstanding People – to enhance execution
capabilities across the whole organisation and allow us to
capitalise on future opportunities.
Financial Performance for FY2015
Indeed, the initiatives being implemented by management
have already had a positive impact on the Group’s financial
performance in FY2015. Although the Group reported
lower numbers at the top and bottom lines, a closer look
at our financial statement shows encouraging signs that
our operations are progressing in the right direction.
Dear Shareholders
On behalf of the Board of
Directors, I am pleased to
present to you Frencken
Group Limited’s annual
report for the 12 months
ended 31 December 2015
(“FY2015”).
