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Change - Announcement Of Appointment Of Executive Director

BackOct 07, 2020
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Oct 7, 2020 7:41
Status New
Announcement Sub Title Appointment of Executive Director
Announcement Reference SG201007OTHR4LFT
Submitted By (Co./ Ind. Name) Ms Ratna Maknawi
Designation Executive Vice Chairman
Description (Please provide a detailed description of the event in the box below) The Board of Directors wishes to announce the appointment of Mr Albert Maknawi ("Mr Maknawi") as the Executive Director. Mr Maknawi will remain as Chief Executive Officer.
Additional Details
Date Of Appointment 07/10/2020
Name Of Person Albert Maknawi
Age 39
Country Of Principal Residence Indonesia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) As part of the Company's succession plan, Mr Maknawi had on 1 January 2018, been appointed as the Chief Executive Officer of the Group.

Having reviewed and considered the performance of Mr Maknawi and his role and responsibilities in the Company, the Board deemed it appropriate and in the best interests of the Company to appoint Mr Maknawi as an Executive Director.
Whether appointment is executive, and if so, the area of responsibility Executive - Responsible for the overall business strategies and the policies of the Group. Mr Maknawi continues to oversee the Group's overall operating activities, including strategic planning of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Executive Director and Chief Executive Officer
Professional qualifications Mr Maknawi graduated in 2004 from the University of Melbourne, Australia with a Bachelor of Engineering (Honours) and a Bachelor of Commerce.
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries Son of Mr Henry Maknawi, Executive Chairman and Nephew of Ms Ratna Maknawi, Executive Vice-Chairman
Conflict of interests (including any competing business) NIL
Working experience and occupation(s) during the past 10 years Chief Executive Officer
2018 - Responsible for the overall business strategics and policies of the Group.

Chief Operating Officer
2011 - Overseeing the Group's overall operational activities, including strategic planning for the Group.

Deputy Chief Operating Officer
2010 - Assisting the Chief Operating Officer on the day-to-day operations, including strategic planning for the Group.

Director of Subsidiaries:
2017
PT Sawit Permai Lestari
PT Wira Palm Mandiri
PT Mentari Bangun Persada
PT Citra Megah Kencana
2015
Global Eastern Capital Pte. Ltd.
2010
PT Bumi Permai Sentosa
2007
Sawindo Agri Pte. Ltd.

Director of Joint Venture Companies:
2014
Kencana Bio-Energy Pte. Ltd. (Now known as Enco Power Pte. Ltd.)
2010
LDC Kencana Trading Pte. Ltd.

Director of subsidiary of Joint Venture Company:
2010
PT Cahaya Permata Gemilang
2007
PT Listrindo Kencana
PT Belintung Energy

Commissioner of subsidiaries of Joint Venture Company:
2014
PT Energy Cipta Usaha
PT Energy Karya Persada
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) Yes
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details Deemed interest in 2,561,380 shares of the Company
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years) - Kencana Bio-Energy Pte. Ltd. (Now known as Enco Power Pte. Ltd.)
- LDC Kencana Trading Pte. Ltd.
Present - PT Sawit Permai Lestari
- PT Wira Palm Mandiri
- PT Mentari Bangun Persada
- PT Citra Megah Kencana
- Global Eastern Capital Pte. Ltd.
- PT Bumi Permai Sentosa
- Sawindo Agri Pte. Ltd.
- PT Cahaya Permata Gemilang
- PT Listrindo Kencana
- PT Belintung Energy
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? No
(c) Whether there is any unsatisfied judgment 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, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) 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 has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? No
(f) Whether at any time during the last 10 years, judgment 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, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation 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 entity or business trust? No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? No
(i) Whether he has ever been the subject of any order, judgment 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, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? No
(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
Any prior experience as a director of an issuer listed on the Exchange? No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange The Company will arrange for Mr Maknawi to attend the necessary training organised by the Singapore Institute of Directors.