News
Change - Announcement Of Appointment Of Co-Chief Operating Officer
BackMay 15, 2023
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | May 15, 2023 20:09 |
| Status | New |
| Announcement Sub Title | Appointment of Co-Chief Operating Officer |
| Announcement Reference | SG230515OTHRPSFJ |
| Submitted By (Co./ Ind. Name) | Wong Teek Son |
| Designation | Executive Chairman & Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | The Board of Directors of Riverstone Holdings Limited (the "Company" or together with its subsidiaries, the "Group") is pleased to announce the appointment of Mr Lee Keat Leong as Co-Chief Operating Officer of the Company with effect from 15 May 2023. |
| Additional Details | |
| Date Of Appointment | 15/05/2023 |
| Name Of Person | Lee Keat Leong |
| Age | 51 |
| Country Of Principal Residence | Malaysia |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | The Board, after recommendation and assessment by the Nominating Committee, approved the appointment of Mr Lee Keat Leong as Co-Chief Operating Officer of the Company. Mr Lee Keat Leong has been with the Group for more than 15 years and possess the requisite qualification and experiences for the appointment as Co-Chief Operating Officer. His appointment is part of the leadership refresh and succession planning. |
| Whether appointment is executive, and if so, the area of responsibility | Executive. As Co-Chief Operating Officer, Mr Lee Keat Leong is responsible for the Group's production facilities. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Co-Chief Operating Officer |
| Professional qualifications | Bachelor of Science (Hons) (Chemistry) from National University of Malaysia (UKM) |
| 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 | Nil |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | Mr Lee Keat Leong joined Riverstone Resources Sdn Bhd, a wholly-owned subsidiary of the Company, as Business Development Manager in May 2008. Since then, he has been promoted to his current position as Senior Sales Manager in Riverstone Resources Sdn Bhd and Eco Medi Glove Sdn Bhd, wholly-owned subsidiaries of the Company. Mr Lee was instrumental to develop medical and healthcare gloves business in early year of 2009 and he was responsible for developing and marketing medical and healthcare gloves. He was one of the key committee members during the accreditation process for ISO 13485 certification (by SGS UKAS notified body in year 2009) to comply with Medical Device Directive (MDD) requirements for European Union market and also communicated with QA team in the application process for 510(k) with US FDA office for marketing medical and healthcare gloves into USA market. Mr Lee has actively participated and involved in Malaysian Rubber Glove Manufacturers Association (MARGMA) programs and activities as one of the management committee members (exco) since year 2015 and has been elected as MARGMA's treasurer since year 2020 till to-date and MARGMA's foundation trustee in year 2021 till to-date. He will relinquish both positions when the current serving term expired in June 2023. |
| 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 | 200,300 |
| # 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) | Nil |
| 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 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 |