News.
Change - Announcement Of Retirement From Role As President
BackFeb 01, 2016
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Retirement from role as President |
| Securities | VENTURE CORPORATION LIMITED (VENTURE) |
| Date & Time of Broadcast | Feb 1, 2016 19:11 |
| Submitted By | Angeline Khoo Cheng Nee Company Secretary |
| Description | Mr Tan Kian Seng is retiring from the role as President of Venture Corporation Limited on 1 February 2016. He will however continue to serve the Company in assuming other responsibilities, performing an advisory role and undertaking special projects on an assignment basis. |
| Cessation Details | |
| Name of person | Tan Kian Seng |
| Age | 62 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Feb 1, 2016 |
| Detailed reason(s) for cessation | Retirement from role as President |
| 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 | Aug 16, 2011 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this account this cessation) | 5 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 2 |
| Job Title | President |
| Role and responsibilities | Mr Tan Kian Seng leads and provides stewardship to the business units. In addition, he has responsibilities on matters related to the corporate & administrative support services. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | Nil |
| Shareholdings interest in the listed issuer and its subsidaries? | Yes |
| Shareholding Details | 25,000 ordinary shares 230,000 share options |
| Other directorships | |
| Past (for the last 5 years) | Advanced Products Corporation Pte Ltd Cebelian Holdings Pte Ltd GES (Singapore) Pte Ltd GES International Limited GES Investment Pte Ltd GES Manufacturing Services (M) Sdn Bhd GES Manufacturing Services (M) Sdn Bhd, Singapore Branch GES US (New England) Inc. Innovative Trek Technology Pte Ltd Multitech Systems Pte Ltd Munivac Sdn Bhd Pintarmas Sdn Bhd Scinetic Engineering Pte Ltd Shanghai GES Information Technology Co., Ltd SME Investment Pte Ltd Technocom Systems Sdn Bhd Univac Design & Engineering Pte Ltd Univac Precision Engineering Pte Ltd Univac Precision (India) Private Limited V-Design Services (M) Sdn Bhd Ventech Investments Ltd Venture Design Services, Inc. Venture Electronics (Shanghai) Co., Ltd Venture Electronics (Shenzhen) Co., Ltd Venture Electronics (Europe) B.V. Venture Electronics Services (Malaysia) Sdn Bhd Venture Electronics Solutions Pte Ltd Venture Electronics Spain, S.L. Venture Hungary Electronics Manufacturing Limited Liability Company VIPColor Technologies Pte Ltd VIPColor Technologies USA Inc Winza Pte Ltd FiTeq, Inc. |
| Present | Advanced Products Corporation Pte Ltd Cebelian Holdings Pte Ltd GES (Singapore) Pte Ltd GES International Limited GES Investment Pte Ltd GES Manufacturing Services (M) Sdn Bhd GES Manufacturing Services (M) Sdn Bhd, Singapore Branch GES US (New England) Inc. Innovative Trek Technology Pte Ltd Multitech Systems Pte Ltd Munivac Sdn Bhd Pintarmas Sdn Bhd Scinetic Engineering Pte Ltd Shanghai GES Information Technology Co., Ltd SME Investment Pte Ltd Technocom Systems Sdn Bhd Univac Design & Engineering Pte Ltd Univac Precision Engineering Pte Ltd Univac Precision (India) Private Limited V-Design Services (M) Sdn Bhd Ventech Investments Ltd Venture Design Services, Inc. Venture Electronics (Shanghai) Co., Ltd Venture Electronics (Shenzhen) Co., Ltd Venture Electronics (Europe) B.V. Venture Electronics Services (Malaysia) Sdn Bhd Venture Electronics Solutions Pte Ltd Venture Electronics Spain, S.L. Venture Hungary Electronics Manufacturing Limited Liability Company VIPColor Technologies Pte Ltd VIPColor Technologies USA Inc Winza Pte Ltd |
