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| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 21, 2021 20:41 |
| Status | New |
| Announcement Sub Title | Cessation of Acting Chief Executive Officer - Venkatraman Sheshashayee |
| Announcement Reference | SG210421OTHR1YAN |
| Submitted By (Co./ Ind. Name) | Kyle Arnold Shaw, Jr. |
| Designation | Executive Chairman |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Acting Chief Executive Officer - Venkatraman Sheshashayee |
| Additional Details | |
| Name Of Person | Venkatraman Sheshashayee |
| Age | 58 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 15/06/2021 |
| Detailed Reason (s) for cessation | Mr. Venkatraman Sheshashayee ("Mr Sheshashayee") was appointed as the Acting Chief Executive Officer ("CEO") of the Company on 16 November 2020. As announced by the Company on 21 April 2021, Mr Sheshashayee will step down from his role as the Acting CEO of the Company with effect from 15 June 2021, and Mr Keith Ian Mullin will assume the position of the CEO with effect from 15 June 2021. Mr Sheshashayee will continue as Acting CEO until the effective date of his cessation and will be working closely with the Board to ensure an orderly and smooth transition to Mr Mullin. |
| Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? | No |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? | No |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| Date of Appointment to current position | 16/11/2020 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | No |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 1 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 5 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Acting CEO |
| Role and responsibilities | Mr Sheshashayee reported to the Board of the Company as an Acting CEO and held executive and management responsibilities and duties with regard to the operations of the Company and the development and expansion of its business. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | 1. IndAust Maritime - Independent Director 2. Allianz Middle East - Board Advisor resigned, Mar 2020 - Sept 2020 |
| Present | 1. ShipsKart Global - Non Executive Director 2. Sportskingdom International - Independent Director 3. Radical Advice Pte Ltd - Managing Director |