News
Change - Announcement Of Cessation Of Chief Financial Officer
BackFeb 05, 2020
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Feb 5, 2020 18:07 |
| Status | New |
| Announcement Sub Title | Announcement of Cessation |
| Announcement Reference | SG200205OTHRZKRJ |
| Submitted By (Co./ Ind. Name) | Barbara Cambon |
| Designation | Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Mr. Sandip Talukdar, as Chief Financial Officer ("CFO") of KBS US Prime Property Management Pte. Ltd. (Manager of Prime US REIT). The Board of Directors and Management have identified several highly qualified candidates to replace the outgoing CFO. The appointment of the new CFO will be made in due course. |
| Additional Details | |
| Name Of Person | Sandip Talukdar |
| Age | 47 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 07/02/2020 |
| Detailed Reason (s) for cessation | To pursue other interests. |
| 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 | Mr Liang Yin Goo, Financial Controller for KBS US Prime Property Management Pte. Ltd., will assume the responsibilities until the appointment of the new CFO. |
| Date of Appointment to current position | 06/08/2018 |
| 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 | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Financial Officer |
| Role and responsibilities | Work with the CEO and Manager team to implement the strategic plans for Prime US REIT in accordance with the Manager's stated investment strategy. Other responsibilities include capital management strategies, finance and accounting matters. |
| 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? | No |
| Past (for the last 5 years) | Standard Chartered Securities (Singapore) Pte. Limited |
| Present | Prime US REIT S1 Pte. Ltd. Prime US REIT S2 Pte. Ltd. |