Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jan 19, 2017 18:03
Status New
Announcement Sub Title Cessation Of Subsea Group Regional Director, Eastern Hemisphere
Announcement Reference SG170119OTHRZR40
Submitted By (Co./ Ind. Name) Mr. Wuthichai Chongcharoenrungrot
Designation Senior Manager, Legal & Corporate Affairs
Description (Please provide a detailed description of the event in the box below) Cessation Of Mr. William Macdonald, Subsea Group Regional Director, Eastern Hemisphere
Additional Details
Name Of Person William Macdonald
Age 60
Is effective date of cessation known? Yes
If yes, please provide the date 31/01/2017
Detailed Reason (s) for cessation Retirement as per Company policy.
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? Yes
If Yes, Please provide full details The Company expresses its thanks and appreciation for the role that Mr. Macdonald has performed in maintaining the operational efficiency of the subsea services business in South East Asia including his leadership in delivering a safe, efficient and cost effective
service to customers on various projects. Mr. Macdonald remains available to be retained by the Company on a consultancy basis
where the wealth of his skills and experience can be of value to the next generation of managers.
Date of Appointment to current position 23/11/2015
Does the AC have a minimum of 3 members (taking into account this cessation)? Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation) 2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months 7
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Subsea Group Regional Director, Eastern Hemisphere
Role and responsibilities To manage and oversee the day-to-day operations of the subsea services business of the Mermaid Group in the South East Asia region.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Nil.
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details 13 ordinary shares in the Issuer.
Past (for the last 5 years) Mermaid Subsea Services (Thailand) Ltd.
Present None.