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Change - Announcement Of Appointment Of Deputy Chief Executive Officer

BackNov 14, 2016
Announcement Title Change - Announcement of Appointment
Announcement Subtitle Appointment of Deputy Chief Executive Officer
Securities PACC OFFSHORE SVCS HLDG LTD. (POSH)
Date & Time of Broadcast Nov 14, 2016 18:04
Submitted By Lim Ka Bee
Company Secretary
Description Appointment of Deputy Chief Executive Officer
Appointment Details
Date of appointment Jan 1, 2017
Name of person Lee Keng Lin
Age 41
Country of principal residence Singapore
The Board's comments on this appointment Mr Lee, who is currently the Chief Operating Officer of the Group, has the required experience and in depth understanding of the Group's business and operations. He has provided strategic leadership in overseeing the various business units of the Group. The Board is confident that with his proven abilities, he is able to work closely with the CEO to develop strategic growth plans and drive the organisational goals for the future.
Whether appointment is executive, and if so, the area of responsibility Executive - The Deputy Chief Executive Officer will continue to lead the business with direct accountability for the performance of all business units and operations of the Group. He will also continue to work closely with the CEO to develop strategic growth plans and drive the organisational goals for the future.
Job title Deputy Chief Executive Officer
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 Mr Lee has more than 10 years of experience in the offshore marine industry. From 2002 to 2005, he was a Business Development Manager with PSA International responsible for business development and charter of harbor tugs and offshore support vessels. From 2006 to 2007, he was based in Europe as PSA International's Corporate and Business Development Manager. He joined PACC Offshore Services Holdings Ltd group in 2007 and has been instrumental in the development and operations of various joint ventures and new business divisions and heads the Offshore Supply Vessels, Offshore Accommodation (Deepwater), Harbour Services and Emergency Response divisions. He was promoted to position of Chief Operating Officer effective from October 2014 to present date, responsible for overseeing the day to day operations of the PACC Offshore Services Holdings Ltd Group.
Shareholding interest in the listed issuer and its subsidiaries Yes
Shareholding details 3,350,000 ordinary shares
Other Directorships
Note: 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) Nil
Present Labrador Shipping Corporation
Maritime Vanguard Pte Ltd
Newfoundland Shipping Corporation
Pacific Workboat Pte Ltd
POSH Australia Pty Ltd
POSH Fleet Services Pte Ltd
POSH Maritime Pte Ltd
POSH Semco Pte Ltd
POSH Terasea (I) Pte Ltd
POSH Terasea (II) Pte Ltd
POSH Terasea Offshore Pte Ltd
POSH Terasea Pte Ltd
Eide Marine Offshore B.V.
Crescent Marine Pte Ltd
PT Win Offshore
PT Mandiri Abadi Maritim
POSH Saudi Co. Ltd
Information Required Persuant To Listing Rule 704(7)(H)
(a) Whether at any time during the past 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 any 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 with 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
Information Required persuant to Listing Rule 704(7)(I)
Note: Disclosure applicable to the appointment of Director only
Any prior experience as a director of a listed company? No
If yes, please provide full details Not applicable