Change - Announcement Of Redesignation Of Executive Vice President, Mermaid Subsea Services

Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Feb 6, 2018 22:58
Status New
Announcement Sub Title Redesignation of Executive Vice President, Mermaid Subsea Services
Announcement Reference SG180206OTHRSCFU
Submitted By (Co./ Ind. Name) Mr. Wuthichai Chongcharoenrungrot
Designation Senior Manager, Legal & Corporate Affairs Dept
Description (Please provide a detailed description of the event in the box below) Redesignation of Executive Vice President, Mermaid Subsea Services to Group Senior Director Business Development & Commercial
Additional Details
Name Of Person Mr. Darren Morgan
Age 47
Is effective date of cessation known? Yes
If yes, please provide the date 06/02/2018
Detailed Reason (s) for cessation In line with the Company's strategy to focus on developing greater market presence and further revenue growth for its subsea services business, Mr. Darren Morgan has been re-designated as Group Senior Director Business Development & Commercial. In this role, he shall be responsible for subsea business development and commercial activities in the Asia Pacific & Middle East regions for the Company.
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. Morgan had performed in his previous position as Executive Vice President for Mermaid Subsea Services including his leadership in delivering a safe, efficient and cost effective service to customers on various projects.
Date of Appointment to current position 08/08/2016
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 3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Executive Vice President, Mermaid Subsea Services
Role and responsibilities To manage and oversee the subsea services business of the Company.
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? No
Past (for the last 5 years) Bibby Offshore Singapore Pte. Ltd.
Bibby Offshore Ltd.
Bibby Offshore Australia Pty Ltd.
Bibby Diving Services Pte. Ltd.
Bibby Project Personnel Pte. Ltd.
PT. Seascape Surveys Indonesia
Present Nil.