SGX Filings

    Announcement Of Appointment Of Independent Director

    SGX Filings

    Appointment Details
    Date of Appointment 29/10/2008
    Name Jean-Paul Pinard
    Age 58
    Country of principal residence United States
    The Board’s comments on this appointment (including rationale, selection criteria, and the search and nomination process) The Governance and Nominating Committee (“GNC”) of the Company has reviewed and recommended the appointment of Mr Jean-Paul Pinard and took into consideration the current Board size, core competencies of the Board, the background, experience and integrity of the new director. The Board of Directors having considered the recommendation of the GNC and having reviewed the suitability of the new director recommended the appointment of Mr. Jean-Paul as an independent director at the AGM of the Company held on 29 October 2008. The Board believes that the industry knowledge and experience possessed by Mr. Jean-Paul would be beneficial to the business of the Group.
    Whether appointment is executive, and if so, area of responsibility Appointment is Independent and Non-Executive
    Job Title Independent and Non-Executive Director
    Working experience and occupation(s) during the past 10 years Mr Jean-Paul Pinard spent 17 years with the International Finance Corporation, Washington, DC (IFC) where he oversaw the management of various sizeable loan and equity portfolio in Western African countries. He was responsible for spearheading investments in petrochemical and oil refining industries as well as leading IFC in landmark transactions for major greenfield refinery and petrochemical projects in Asia and Latin America. In his last seven years as Director of the Agricultural Department, he was responsible for, amongst others, managing IFC’s US$1.5 billion global portfolio of loan and equity investments in agribusiness and food industries. He also pioneered initiatives to promote sustainable agriculture in regions such as Brazil and Southeast Asia. Mr Jean-Paul is currently a member of the Board of Yantai Changyu Pioneer Wine Company Ltd., listed on the Shenzhen Stock Exchange. His other directorships include Yantai Changyu Group Company Limited and United Trading (Sodrugestvo Group). He is also an adviser to the International Fund for Agricultural Development (Rome) and a member of the Advisory Committee of Pampa Agribusiness Fund L.P. Mr Jean-Paul holds a Ph. D., Economics from the University of California, San Diego and an Ingenieur Diplôme from the Ecole Polytechnique, Paris.
    Interest in the listed issuer and its subsidiaries Nil
    Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries Nil
    Conflict of interest Nil
    Other Directorship
    Past (for the last five years) Nil
    Present Mr Jean-Paul is a member of the Board of Yantai Changyu Pioneer Wine Company Ltd., listed on the Shenzhen Stock Exchange. His other directorships include Yantai Changyu Group Company Limited and United Trading (Sodrugestvo Group). He is also an adviser to the International Fund for Agricultural Development (Rome) and a member of the Advisory Committee of Pampa Agribusiness Fund L.P.
    Information required pursuant to Listing Rule 704(7)(h)
    a. Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner? No
    b. Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency? No
    c. Whether there is any unsatisfied judgement against him? No
    d. Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such purpose? No
    e. Whether he has ever been convicted of any offence, in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach? No
    f. Whether at any time during the last 10 years, judgement has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation or dishonesty on his part)? No
    g. Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation? No
    h. Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation? No
    i. Whether he has ever been the subject of any order, judgement or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? No
    j. Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
    (i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or No
    (ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or No
    (iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or No
    (iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, No
    in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
    k. Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? No
    Information required pursuant to Listing Rule 704(7)(i)
    Any prior experience as a director of a listed company? Yes
    If yes, please provide details of prior experience. Mr Jean-Paul is a member of the Board of Yantai Changyu Pioneer Wine Company Ltd., listed on the Shenzhen Stock Exchange.

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