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Change - Announcement Of Appointment Of Chief Executive Officer

BackApr 11, 2018
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Apr 11, 2018 17:52
Status New
Announcement Sub Title Appointment of Chief Executive Officer
Announcement Reference SG180411OTHR58F1
Submitted By (Co./ Ind. Name) Sharon Yeoh
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Appointment of Chief Executive Officer
Additional Details
Date Of Appointment 11/04/2018
Name Of Person Perry Kennedy
Age 56
Country Of Principal Residence United Kingdom
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) Mr Perry Kennedy ("Mr Kennedy") joins Gaylin Holdings Limited (the "Company"), bringing with him 40 years of global leadership experience from the offshore and marine support industries.

Within a decade of earlier marine education, Mr Kennedy held chief engineering postings on several offshore construction vessels around the world. He has since lead senior teams in various engineering, operational and commercial capacities with large companies in the offshore oil & gas construction and marine sectors, including Cable and Wireless, CTC Marine, McDermott and GulfMark Offshore Inc. He joins the Company direct from his CEO position at Chowgule Lavgan Yard, India's most modern, large, rig and ship refit facility.

He served for 5 years on the Board of the UK Chamber of Shipping where he was Chairman of their Offshore division and has enjoyed seats on many international marine and offshore related company Boards.

The Management has proposed Mr Kennedy to be appointed as the Company's Chief Executive Officer. He meets the selection criteria and is nominated by the Nominating Committee to the Board of Directors (the "Board") for consideration. The Board having considered Mr Kennedy's background, qualifications and working experience, gave its approval for the appointment.
Whether appointment is executive, and if so, the area of responsibility The appointment is executive. Mr Kennedy will report directly to the Board of the Company. He will hold executive and management responsibilities and duties with regard to the operations of the Company and the development and expansion of its business as the Board may reasonably direct.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Chief Executive Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Nil
Conflict of interests (including any competing business) Nil
Working experience and occupation(s) during the past 10 years Mr Kennedy has spent the last 2 years as CEO of a large ship and rig repair and drydocking facility and a total of 12 prior years with GulfMark Offshore, Inc., as both Group Senior Vice President & Chief Marketing Officer (covering multi-national offices throughout Europe, Asia and the America's), and several years as Managing Director of GulfMark's EMEA operations, their largest region.
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? No
# 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) 1. UK Chamber of Shipping, United Kingdom
2. GulfMark UK Ltd, United Kingdom
3. GulfMark Personnel UK Ltd, United Kingdom
4. GulfMark North Sea Ltd, United Kingdom
5. GulfMark Norge AS, Norway
6. GulfMark Rederi AS, Norway
7. GulfMark AS, Norway
8. GulfMark Malta Ltd, Malta
9. Gulf Channel Offshore Servicios Ltda, Angola
Present Nil
(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 a listed company? No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company N.A.