Change - Announcement of Cessation::Stepping Down of Managing Director / Group Chief Executive Officer Issuer & Securities
Announcement Details
Announcement Title
Change - Announcement of Cessation
Date & Time of Broadcast
28-Apr-2017 17:42:36
Status
New
Announcement Sub Title
Stepping Down of Managing Director / Group Chief Executive Officer
Announcement Reference
SG170428OTHR79RU
Submitted By (Co./ Ind. Name)
Chan Wan Tak, Wendy
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr Kua Hong Pak steps down as Managing Director / Group Chief Executive Officer of ComfortDelGro Corporation Limited
Additional Details
Name Of Person
Kua Hong Pak
Age
73
Is effective date of cessation known?
Yes
If yes, please provide the date
30/04/2017
Detailed Reason (s) for cessation
ComfortDelGro Corporation Limited ("ComfortDelGro") refers to its announcement dated 10 February 2017.
Mr Kua will step down from his position as Managing Director / Group Chief Executive Officer ("MD/GCEO") on 30 April 2017 as part of ComfortDelGro's leadership succession plan. Mr Kua will assume the new position of Senior Advisor to counsel and mentor the newly appointed MD/GCEO and help in some of the overseas operations during the transition period.
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
01/01/2003
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)
6
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director / Group Chief Executive Officer
Role and responsibilities
Managing Director / Group Chief Executive Officer
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?
Yes
Shareholding Details
ComfortDelGro Corporation Limited
- 3,924,530 shares
3,600,000 share options
90,000 shares
54,000 shares
SBS Transit Ltd
VICOM Ltd
Past (for the last 5 years)
Starhub Ltd (Public listed on the Mainboard of the Singapore Exchange Securities Trading Limited)
Present
ComfortDelGro Corporation Limited * and Group of Companies
SBS Transit Ltd* and Group of Companies
VICOM Ltd* and Group of Companies
Temasek Holdings (Private) Limited
PSA Corporation Limited
PSA International Pte Ltd
* Public listed on the Mainboard of the Singapore Exchange Securities Trading Limited
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ComfortDelGro Corporation Ltd. published this content on 28 April 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 April 2017 10:54:18 UTC.
Original documenthttp://www.comfortdelgro.com.sg/uploads/ca/CDG%20-%20Stepping%20Down%20of%20Managing%20Director_Group%20Chief%20Executive%20Officer.pdf
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ComfortDelGro Corporation Limited is a Singapore-based land transport company. Its Public transport segment is engaged in the provision of bus and rail services for commuters traveling on public transport systems and contracted revenue for the operation of scheduled services. Its Taxi and private hire vehicle (PHV) segment is engaged in renting out taxis, operating taxi bureau services, platform services, renting and leasing of cars, provision of vehicular maintenance and repair services, construction of specialized vehicles, assembly of bus bodies, crash repair services, engineering services and sale of diesel and petrol. Its Other private transport segment is engaged in the provision of coach rental services and provision of non-emergency transport services to patients. Its Inspection and testing services segment is engaged in the provision of motor vehicle inspection services and provision of non-vehicle testing, inspection and consultancy services.