Announcement Of Appointment Of Non-Executive Chairman
19 June 2012
| Appointment Details | ||
| Date of Appointment | 19/06/2012 | |
| Name | Mr. Prasert Bunsumpun | |
| Age | 60 | |
| Country of principal residence | Thailand | |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Nomination Committee, having considered Mr. Bunsumpun's outstanding qualifications, networks, experience and expertise in the oil and gas industry, made a recommendation to the Board of Directors that his involvement in Mermaid will help the group to strengthen and grow its business. The Board, having considered the matter, endorsed the recommendation of the Nomination Committee and appointed Mr. Bunsumpun as a Non-Executive Director. Mr. Bunsumpun will also serve as Chairman of the Board. | |
| Whether appointment is executive, and if so, area of responsibility | This is a non-executive appointment. | |
| Job Title | Non-Executive Director and Chairman of the Board. | |
| Working experience and occupation(s) during the past 10 years | 2003 - 2011 President and CEO PTT Public Company Limited 2001 - 2003 Senior Executive Vice President, Gas Business Group PTT Public Company Limited 2000 - 2001 President, PTT Gas Petroleum Authority of Thailand 1996 - 1999 President, PTT Oil Petroleum Authority of Thailand 1992 - 1996 Deputy President, Marketing, Downstream Oil Business Petroleum Authority of Thailand 1991 - 1992 Assistance Governor, Marketing Petroleum Authority of Thailand 1986 - 1991 Department Director, Petroleum Procurement & Contracts Petroleum Authority of Thailand |
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| Shareholding in the listed issuer and its subsidiaries | None. | |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None. | |
| Conflict of interest | None. | |
| Other Directorship | ||
| Past (for the last five years) | PTT Exploration and Production Public Company Limited PTT Chemical Public Company Limited PTT Public Company Limited PTT Aromatic and Refinery Public Company Limited Thai Oil Public Company Limited Bang Chak Petroleum Public Company Limited |
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| Present | IRPC Public Company Limited PTT Global Chemical Public Company Limited Thai Lube Base Public Company Limited Krung Thai Bank Public Company Limited Thailand Business Council for Sustainable Development (TBCSD) National Defense College Sustainable Energy Foundation Community Enterprise Institution Thoresen Thai Agencies Public Company Limited |
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| 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. | PTT Exploration and Production Public Company Limited PTT Chemical Public Company Limited PTT Public Company Limited PTT Aromatic and Refinery Public Company Limited Thai Oil Public Company Limited |