Change - Announcement Of Appointment Of Chief Operating Officer
20 August 2020
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Aug 20, 2020 20:27 |
| Status | New |
| Announcement Sub Title | Appointment of Chief Operating Officer |
| Announcement Reference | SG200820OTHR2O2T |
| Submitted By (Co./ Ind. Name) | Vincent Siaw |
| Designation | Executive Vice President & Chief Operating Officer |
| Description (Please provide a detailed description of the event in the box below) | Please refer to the information disclosed below. |
| Additional Details | |
| Date Of Appointment | 20/08/2020 |
| Name Of Person | Mr. Paul Burger Whiley |
| Age | 52 |
| Country Of Principal Residence | United Arab Emirates |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board, on the recommendation of the Nomination Committee, having considered Mr. Whiley's qualifications, networks, experience and proven track record in successfully managing and growing businesses in the subsea oil and gas services sector, has appointed him as Chief Operating Officer. |
| Whether appointment is executive, and if so, the area of responsibility | This is an executive appointment. Mr. Whiley's area of responsibility shall be to manage and oversee the Company's subsea services business in the Middle East and Africa and other geographical areas as assigned to him by the Chief Executive Officer from time to time. His principal focus shall be to implement a turnaround of the business to deliver a return to profitability. He shall report directly to the Chief Executive Officer. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Operating Officer |
| Professional qualifications | Bachelor's Degree (Law, English), University of Natal Bachelor's Degree (Sociology), University of South Africa |
| 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 | None. |
| Conflict of interests (including any competing business) | None. |
| Working experience and occupation(s) during the past 10 years | Jan 2017 - Aug 2020 Chief Executive Officer James Fisher Marine Services Middle East Limited FZCO Aug 2012 - Aug 2016 Executive Vice President, Subsea Services Mermaid Maritime Public Company Limited Prior to Aug 2012 Managing Director Subtech Ltd. (Middle East) (wholly owned subsidiary of Mermaid Maritime Public Company Limited since 2010) |
| 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 | 403,200 ordinary shares in Mermaid Maritime Public Company Limited |
| # 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) | Director, Mermaid Subsea Services (International) Ltd.; Director, Mermaid Subsea Services LLC; Director, Mermaid Subsea Services Saudi Arabia Co., Ltd.; Director, Zamil Mermaid Offshore Services Company LLC; Chairman, Subtech Offshore Services Nigeria Ltd.; and Chairman, Murjan Al Sharq for Marine Contracting LLC |
| Present | Chairman, Kingston Stables (Pty) Ltd. |
| (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 | Not applicable. |
| Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable) | Not applicable. |