Sembcorp Industries Ltd Announces Executive Changes, Effect from November 1, 2023, November 3, 2023
October 31, 2023 at 06:39 am EDT
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Sembcorp Industries Ltd. (Sembcorp) announced the appointment of two new independent directors to the Board, as well as the appointment of new members to the Board Committees. Ms Marina Chin Li Yuen and Mr. Ong Chao Choon will be appointed as non-executive and independent directors with effect from November 1, 2023 and November 3, 2023 respectively. Following the appointment of Ms Chin and Mr. Ong, the Board will comprise 10
members, seven of whom are independent directors. Ms Chin, a Senior Counsel appointed by the Singapore Academy of Law, is the Joint Managing Partner of Tan Kok Quan Partnership where she joined as one of its Senior Partners in 2000. With over 30 years of legal experience, Ms Chin focuses on dispute resolution of civil and commercial matters, including those with cross-border angles across a broad spectrum of industry sectors in Asia.
Ms Chin is currently an independent non-executive director and a member of the audit & risk committee of Jurong Port Pte Ltd, as well as a board member and audit committee member of Singapore Land Authority. She is also a member of the appeal advisory panel of the Monetary Authority of Singapore, Senate Member and Fellow of the Singapore Academy of Law, specialist mediator of the Singapore International Mediation Centre, and an accreditation committee member of the Singapore Institute of Legal Education. Ms Chin holds a Bachelor of Laws with honours from the National University of Singapore. She was awarded the Tan Ah Tah Book Prize after completing the postgraduate practical law course. Mr. Ong Chao Choon: Mr. Ong served at PwC for over 30 years, and has recently retired. He held various leadership positions during his tenure with PwC, including Deputy Chairman and Advisory Leader of PwC Singapore and Managing Partner of PwC Myanmar. He has accumulated a wealth of experience in M&A advisory over the last two decades, in addition to more than 10 years of auditing and business advisory experience. Mr. Ong is currently the chairman of the audit & risk committees of the Community Foundation of Singapore, the Lee Kuan Yew Fund for Bilingualism and the Singapore Food Agency. He was previously the chairman of the advisory board of Nanyang Business School Alumni, the audit committee chairman of the National Environmental Agency and the deputy chairman and audit committee chairman of Republic
Polytechnic. He was awarded the Public Service Medal in 2017. Mr. Ong holds a first-class honours in Accountancy from the National University of
Singapore and a Master of Business Administration in Banking and Finance from Nanyang Business School. He is a Fellow of both the Institute of Singapore Chartered Accountants and the Chartered Accountants Australia & New Zealand. The following Board Committees of Sembcorp will have new members with effect from November 3, 2023: Mr. Kunnasagaran Chinniah will be appointed as a member of the Executive Committee (ExCo), Risk Committee (BRC) and Executive Resource & Compensation Committee (ERCC). The Board considers Mr. Chinniah an independent member of the BRC and ERCC; Mr. Ong Chao Choon will be appointed as a member of the Audit Committee (AC), BRC and Nominating Committee (NC). The Board considers Mr. Ong an independent member of the AC, BRC and NC; and Ms Marina Chin Li Yuen will be appointed as a member of the AC and BRC. The
Board considers Ms Chin an independent member of the AC and BRC.
Sembcorp Industries Ltd is a Singapore-based energy and urban solutions provider. The Company delivers solutions that support the energy transition and sustainable development. Its Renewables segment is engaged in the provision of electricity from solar and wind resources, energy storage, trading of energy attribute certificates, and the provision of system services that support the integration of renewables into the grid. It also includes the development and provision of installation, operation and maintenance of solar, wind and energy storage assets. The Integrated Urban Solutions segment supports sustainable development through its suite of urban, water as well as waste and waste-to-resource solutions. It also includes decarbonization solutions like carbon capture, utilization and storage (CCUS) projects. The Conventional Energy segment includes the sale of energy molecules, including natural gas, steam and electricity from a diversity of fossil fuels, such as natural gas and coal.