News
Change - Announcement Of Resignation As Chief Investment Officer
BackApr 01, 2020
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 1, 2020 8:29 |
| Status | New |
| Announcement Sub Title | Resignation as Chief Investment Officer |
| Announcement Reference | SG200401OTHRQA50 |
| Submitted By (Co./ Ind. Name) | Simon Garing |
| Designation | Chief Executive Officer and Executive Director |
| Description (Please provide a detailed description of the event in the box below) | CEREIT Manager's Chief Investment Officer ("CIO"), Thierry Leleu, will be leaving the company in September 2020 to dedicate his time to his own entrepreneurial activities. Mr. Leleu was a key member of the team that took CEREIT to listing on SGX-ST in late 2017 in what still remains the largest REIT listing in Singapore in the last 8 years. As CIO, he was instrumental in CEREIT's post-listing success over the past 2 years. Mr. Leleu's in-depth market knowledge and extensive experience have contributed immensely to the success and growth of the REIT, and the Board and Management team thank him and wish him well in his future endeavours. Mr. Leleu's effective date of cessation would be 25 September 2020. |
| Additional Details | |
| Name Of Person | Thierry Leleu |
| Age | 52 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 25/09/2020 |
| Detailed Reason (s) for cessation | Mr. Thierry Leleu has resigned as CIO of Cromwell EREIT Management Pte. Ltd. to devote his time to his own entrepreneurial activities. |
| 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 | 01/09/2017 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 2 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Investment Officer |
| Role and responsibilities | As Chief Investment Officer of Cromwell EREIT Management Pte. Ltd., the Manager of Cromwell European Real Estate Investment Trust ("CEREIT"), Mr. Thierry Leleu works with the Chief Executive Officer and other members of the management team to define the investment and portfolio strategy of CEREIT and to execute the investment programme of the Manager. He is also responsible for identifying, researching and evaluating potential acquisitions with a view to enhancing CEREIT's portfolio, or divestments where a property no longer fits the portfolio's risk-return profile. |
| 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? | Yes |
| Shareholding Details | 1,255,800 units in CEREIT |
| Past (for the last 5 years) | Please see Annex A. |
| Present | Please see Annex A. |
Attachments
- Annex A (Size: 145,781 bytes)