General Announcement::Changes in Composition of the Board Committees
November 26, 2021 at 09:00 am EST
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ANNOUNCEMENT
Date:
26 November 2021
To:
Singapore Exchange Securities Trading Limited
Subject:
Changes in Composition of the Board Committees
We, Thai Beverage Public Company Limited (the "Company"), refer to the resolutions of the Board of Directors Meeting No. 1/2021-2022 held on 26 November 2021, and our announcements that were separately released today in relation to the cessation of Mr. Prasit Kovilaikool as a director of the Company ("Director") and the appointment of Clinical Prof. Emeritus Piyasakol Sakolsatayadorn, M.D. as an independent non-executive director of the Company, with immediate effect.
Further to the above-mentioned cessation of directorship of Mr. Prasit Kovilaikool and appointment of Clinical Prof. Emeritus Piyasakol Sakolsatayadorn, M.D. as a new independent non-executive Director, the Company would like to announce that the Board of Directors ("Board") has considered and approved changes in the composition of the Board Committees of the Company, and the Board Committees will be reconstituted with effect from 26 November 2021 as follows:
1. Audit Committee
Ms. Potjanee Thanavaranit has been appointed as the Chairman of the Audit Committee and Clinical Prof. Emeritus Piyasakol Sakolsatayadorn, M.D. has been appointed as a member of the Audit Committee and is considered by the Board to be independent for the purposes of Rule 704(8) of the Listing Manual. Accordingly, the composition of the Audit Committee is as follows:
Ms. Potjanee Thanavaranit (Chairman)
Clinical Prof. Emeritus Piyasakol Sakolsatayadorn, M.D.
Mr. Timothy Chia Chee Ming*
Prof. Khemchai Chutiwongse
Mr. Timothy Chia Chee Ming continues to serve as the Lead Independent Director for reviewing Interested Person Transactions undertaken by the ThaiBev Group ("Lead Independent Director for IPTs"). The Board appoints a Lead Independent Director for IPTs to lead the Audit Committee in its role in respect of Interested Person Transactions undertaken by the ThaiBev Group.
2. Nomination Committee
Clinical Prof. Emeritus Piyasakol Sakolsatayadorn, M.D. has been appointed as the Chairman of the Nomination Committee and Ms. Potjanee Thanavaranit has been appointed a member of the Nomination Committee. Accordingly, the composition of the Nomination Committee is as follows:
Clinical Prof. Emeritus Piyasakol Sakolsatayadorn, M.D. (Chairman)
Khunying Wanna Sirivadhanabhakdi
Ms. Potjanee Thanavaranit
Dr. Chatri Banchuin
Remuneration Committee
Clinical Prof. Emeritus Piyasakol Sakolsatayadorn, M.D. has been appointed as the Chairman of the Remuneration Committee. Accordingly, the composition of the Remuneration Committee is as follows:
Clinical Prof. Emeritus Piyasakol Sakolsatayadorn, M.D. (Chairman)
Dr. Chatri Banchuin
Prof. Khemchai Chutiwongse
Sustainability and Risk Management Committee
Ms. Potjanee Thanavaranit has been appointed as the Chairman of the Sustainability and Risk Management Committee. Accordingly, the composition of the Sustainability and Risk Management Committee is as follows:
Ms. Potjanee Thanavaranit (Chairman)
Mr. Thapana Sirivadhanabhakdi
Mr. Ueychai Tantha-Obhas
Mr. Sithichai Chaikriangkrai
Dr. Pisanu Vichiensanth
Mr. Prapakon Thongtheppairot
Mr. Kosit Suksingha
Mr. Edmond Neo Kim Soon
Dr. Agapol Na Songkhla
Ms. Nongnuch Buranasetkul
Mr. Jean Lebreton
Mr. Pramote Hassamontr
Mr. Banjong Chintanasiri
Ms. Nantika Ninvoraskul
Mr. Pravit Sukhum
Ms. Tongjai Thanachanan
Lead Independent Director
Ms. Potjanee Thanavaranit has been appointed as the Lead Independent Director of the Company.
Please be informed accordingly.
Yours faithfully,
Nantika Ninvoraskul
Company Secretary
THBEV- Changes in Composition of the Board Committees
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26 November 2021
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Thai Beverage pcl published this content on 26 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 13:59:10 UTC.
Thai Beverage Public Company Limited is a Thailand-based beverage company engaged in the production and distribution of alcoholic and non- alcoholic beverages and food. The Company operates through four segments: Spirits, Beer, Non-alcoholic beverages and Food. Its Spirits segment is engaged in the production and sales of branded spirits products and soda. Its Beer segment is engaged in the production and sales of raw materials, branded beer products, Chang soda and Chang water. Its Non-alcoholic beverages segment is engaged in the production and the sale of branded water, ready-to-drink coffee, energy drink, green tea and fruit flavored drinks. Its Food segment is engaged in the production and sale of food and beverages. Its products include Mekhong, SangSom, BLEND 285, CROWN 99, Old Pulteney 12 years old, MacArthurâs, Grand Royal Black, est Cola, est PLAY Strawberry and others. Its geographical segments include Thailand, Socialist Republic of Vietnam and Overseas.