Change - Announcement Of Redesignation Of Chief Operating Officer To Executive Director (Projects)
BackJun 29, 2022
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jun 29, 2022 6:39 |
| Status | New |
| Announcement Sub Title | Redesignation of Chief Operating Officer to Executive Director (Projects) |
| Announcement Reference | SG220629OTHRELTL |
| Submitted By (Co./ Ind. Name) | Chester Leong |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Redesignation of Chief Operating Officer to Executive Director (Projects) |
| Additional Details | |
| Date Of Appointment | 01/07/2022 |
| Name Of Person | Mr Chye Hoon Pin |
| Age | 68 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | Mr. Chye Hoon Pin, an existing executive officer of NetLink NBN Trust, will be re-designated from Chief Operating Officer ("COO") to Executive Director (Projects) with effect from 1 July 2022. As part of succession planning, the Nominating Committee ("NC") of NetLink NBN Management Pte. Ltd. (as Trustee-Manager of NetLink NBN Trust) has reviewed the role and responsibilities of Mr. Chye. In this connection, the NC has recommended his redesignation from COO to Executive Director (Projects). Having considered the NC's recommendation and Mr. Chye's credentials and experience, the Board of NetLink NBN Management Pte. Ltd. (as Trustee-Manager of NetLink NBN Trust) has approved his redesignation from COO to Executive Director (Projects). The responsibilities of the COO will be undertaken by the management team under the leadership of the CEO. |
| Whether appointment is executive, and if so, the area of responsibility | Executive Mr. Chye is responsible for overseeing all of NetLink NBN Trust's information technology ("IT") requirements and operations, including developing, planning and implementing strategies for IT projects to meet NetLink NBN Trust's business needs. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director (Projects) |
| Professional qualifications | Mr. Chye holds a Bachelor of Engineering (Electrical) degree and a Master of Science (Electrical Engineering) degree from the National University of Singapore. |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or 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. Chye Hoon Pin has been the COO of the NetLink NBN Trust Group till 30 June 2022. He has been the COO of OpenNet and NetLink Trust since January 2014. As COO, Mr. Chye was responsible for driving organisational strategies and optimising resources to deliver maximum value to customers and stakeholders. Mr. Chye brings with him almost 40 years of regional experience in network operations and management, information technology and voice services. Prior to joining OpenNet, Mr. Chye was the Vice President of Singtel's IPTV Infrastructure department. During his time at Singtel, he held leadership positions across engineering, fixed voice, mobile, IP networks, broadband, satellite, submarine cables operations, IPTV and broadcast function, amongst others. He also has extensive regional experience and was the CEO of the cellular company Pacific Bangladesh Telecom Limited from 2005 to 2007. |
| Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) | Yes |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 900,000 units in NetLink NBN Trust |
| # 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) | None |
| Present | NetLink Trust Operations Company Pte. Ltd. |
| (a) Whether at any time during the last 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 the 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 | Yes |
| If Yes, Please provide full details | Mr. Chye has been the COO responsible for the operations of the trustee-manager(s), which is/are subject to licensing requirements. These trustee-manager(s) had been investigated in the ordinary course of business for failing to comply with licence conditions and quality of service standards under these licensing requirements, as well as laws and regulations governing their operational activities. These investigations have resulted in warnings or penalties (as applicable) imposed on such trustee-manager(s) which were neither material nor relate to Mr Chye in his personal capacity. |
| (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 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 |
| Any prior experience as a director of an issuer listed on the Exchange? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | Not applicable |
| Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable) | Not applicable |