Change - Announcement Of Retirement Of Chief Executive Officer And Chief Investment Officer

BackFeb 08, 2023
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Feb 8, 2023 21:21
Status New
Announcement Sub Title Retirement of Chief Executive Officer and Chief Investment Officer
Announcement Reference SG230208OTHR9NCT
Submitted By (Co./ Ind. Name) LUN CHEE LEONG
Description (Please provide a detailed description of the event in the box below) Retirement of Chief Executive Officer and Chief Investment Officer
Additional Details
Name Of Person Barbara Ruth Cambon
Age 69
Is effective date of cessation known? Yes
If yes, please provide the date 08/03/2023
Detailed Reason (s) for cessation Ms Cambon will be retiring from her appointment as Chief Executive Officer and Chief Investment Officer of the Manager. The Board wishes to place on record its appreciation to Ms Cambon for her invaluable contributions and guidance during her tenure and extends its best wishes to Ms Cambon in her future endeavours.
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 27/06/2019
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) 3
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.) Chief Executive Officer and Chief Investment Officer
Role and responsibilities Ms Cambon worked with the Board and management team to define the overall corporate strategy for PRIME US REIT, while overseeing its strategic development, day-to-day management and operations and responsible for executing PRIME US REIT's investment and asset management, which includes the identification, research and evaluation of potential acquisitions and other related investments to enhance PRIME US REIT's portfolio value.
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) NIL
Present NIL

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