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Change - Announcement Of Resignation Of Chief Executive Officer Of Mechatronics Division (Non-Board Member)
BackJun 09, 2015
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Resignation of Chief Executive Officer of Mechatronics Division (Non- Board Member) |
| Securities | FRENCKEN GROUP LIMITED (FRENCKEN) |
| Date & Time of Broadcast | Jun 9, 2015 17:47 |
| Submitted By | Sim Mong Huat Executive Director |
| Description | Mr Sebastiaan Johannes (Jack) van Sprang has resigned as Chief Executive Officer ("CEO") of Mechatronics Division (Non-Board Member) on his own accord for personal reasons. The President of Frencken Group Limited, Mr Dennis Au, will assume the role of CEO of Mechatronics Division and lead the operations. |
| Cessation Details | |
| Name of person | Sebastiaan Johannes (Jack) van Sprang |
| Age | 71 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Jun 4, 2015 |
| Detailed reason(s) for cessation | Mr van Sprang tendered his resignation on his own accord for personal reasons. |
| 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 | Jan 26, 2015 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this 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 | 1 |
| Job Title | Chief Executive Officer of Mechatronics Division (Non-Board Member) |
| Role and responsibilities | Responsible for the strategic direction, business development and expansion plans of the Mechatronics' operations in Europe, Asia and the USA. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | Nil |
| Shareholdings interest in the listed issuer and its subsidaries? | No |
| Other directorships | |
| Past (for the last 5 years) | Nil |
| Present | Member of Supervisory Board of Hemics and Wilting |