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Change - Announcement Of Cessation Of Ms Lynette Leong As CEO, Executive Non-Independent Director & Executive Committee Member

BackOct 31, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Oct 31, 2017 18:03
Status New
Announcement Sub Title Cessation of Ms Lynette Leong as CEO,Executive Non-Independent Director & Executive Committee Member
Announcement Reference SG171031OTHRKZSO
Submitted By (Co./ Ind. Name) Tee Leng Li
Designation Company Secretary, CapitaLand Commercial Trust Management Limited
Description (Please provide a detailed description of the event in the box below) Cessation of Ms Lynette Leong Chin Yee as Chief Executive Officer, Executive Non-Independent Director and Member of Executive Committee of CapitaLand Commercial Trust Management Limited ("CCTML").
Additional Details
Name Of Person Lynette Leong Chin Yee
Age 54
Is effective date of cessation known? Yes
If yes, please provide the date 01/11/2017
Detailed Reason (s) for cessation Ms Lynette Leong Chin Yee will relinquish her role as Chief Executive Officer and Executive Director of the Company with effect from 1 November 2017. Ms Leong will also relinquish her role as a member of the Executive Committee. Ms Leong was appointed Chief Executive Officer and Executive Director on 1 October 2007 and has contributed to the growth of CCT. The Board of Directors of the Company would like to express its thanks and appreciation to Ms Leong for her contributions to the Company. Ms Leong will assume a new role as Chief Executive Officer of CapitaLand Commercial, a wholly owned business unit of CapitaLand Limited on 1 November 2017.
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 01/10/2007
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) 4
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months 2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Chief Executive Officer, Executive Non-Independent Director and Member of Executive Committee
Role and responsibilities Ms Leong is responsible for managing all aspects of CapitaLand Commercial Trust's operational performance and business growth.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries None
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details 179,287 units in CapitaLand Commercial Trust comprises:
(a) 176,955 units are held in the name of "Citibank Nominees Singapore Pte Ltd"; and
(b) 2,332 units are held in the name of "United Overseas Bank Nominees (Private) Limited"
Past (for the last 5 years) Nil
Present 1. CCT MTN Pte. Ltd. (Director)
2. FirstOffice Pte. Ltd. (Director) (In Members Voluntary Liquidation)
3. National Environment Agency (Board Member)
4. Singapore International Chamber of Commerce (Board Member)
5. Singapore Management University's Lee Kong Chian School of Business (Advisory Board Member)
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