Sign In
21 Apr 2015 14:48
Tricor plc
("Tricor" or the "Company")
Board Changes
Appointment of non-executive Chairman
The board of directors of Tricor (the "Board") is pleased to announce the appointment of Mr. Michael Charles Roberts as a non-executive director of the Company and Chairman of the Board.
Mr. Roberts is currently a director of Obbard Ltd, a property investment and development company with offices in London and Hong Kong. Mr. Roberts is primarily responsible for leading its Asian business development activities and partnerships with investors in the Far East.
Prior to Obbard Ltd, Mr. Roberts held various senior management positions with Standard Chartered Bank based in Singapore and Jakarta for 6 years. Whilst there, Mr. Roberts was the Head of Corporate Restructuring for Southeast Asia where he led a team to develop financial solutions to resolve and restructure corporate loans with major conglomerates and corporations during the Asian Financial Crisis between 1997 and 1999. Prior to that, he was Head of Corporate Banking and Deputy Country Head of Standard Chartered Bank in Indonesia.
Between 1989 and 1994, he worked for Westpac Banking Corporation for 5 years, where he held senior positions as Head of Regional Audit and Head of Banking & Credit in their Hong Kong and Jakarta offices.
Mr. Roberts started his career with National Westminster Bank in London from 1981 to 1985 and then moved to Continental Bank as a manager in audit and credit review in their London and Hong Kong offices.
Mr. Roberts has a B.Sc. (Hons) from Durham University and is a Member of the Institute of Directors (MIoD).
Michael Charles Roberts, aged 55, is, or has been within the last five years, a director or partner of the following entities:
Current directorships and partnerships: | Directorships and partnerships held in the previous 5 years:
|
General & Financial Management Limited London East Asia Properties Limited Obbard Limited | None |
It has been agreed that the Company has the option of paying all or part of Mr Roberts' monthly remuneration by allotting and issuing new ordinary shares in the Company to Mr Roberts, rather than in cash. Any such shares issues will be announced at the appropriate time.
Other Board changes
The Board also announces that Mr. Adrian Gerard Corr has resigned as a Non-Executive Director of the Company, with immediate effect, and with the appointment of Mr. Roberts, Mr. Chan Fook Meng has resigned as Chairman of the Board but will remain as Chief Executive Officer of the Company.
Enquiries:
Tricor plc Chan Fook Meng CEO
| +65 6236 2985
|
Allenby Capital Ltd (Nominated Adviser & Broker) Jeremy Porter / Nick Naylor / James Reeve
| +44 (0) 20 3328 5656
|
Follow the stocks
