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Change - Announcement Of Retirement Of Chief Executive Officer
BackMay 04, 2022
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | May 4, 2022 18:01 |
| Status | New |
| Announcement Sub Title | Retirement of Chief Executive Officer |
| Announcement Reference | SG220504OTHRYIHQ |
| Submitted By (Co./ Ind. Name) | Tan Ling Ling |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Ms Jill Smith as Chief Executive Officer |
| Additional Details | |
| Name Of Person | Jillian Avis Kathryn Smith |
| Age | 68 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 06/05/2022 |
| Detailed Reason (s) for cessation | As part of succession planning, Ms Jill Smith is retiring as the Chief Executive Officer of Manulife US Real Estate Management Pte. Ltd. (MUSREM), the manager of Manulife US REIT (MUST). The Board of MUSREM would like to express their appreciation to Ms Smith for her leadership and contributions to MUSREM and MUST. |
| 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 | 11/07/2015 |
| 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) | 4 |
| 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 Executive Officer |
| Role and responsibilities | Ms Jill Smith works with the Board to determine the strategy for MUST and with other members of the management team to execute MUST's investment strategy. Ms Smith is also responsible for the overall day-to-day management and operations of MUST, working with the Manager's investment, asset management, financial and legal and compliance personnel in meeting the strategic, investment and operational objectives of MUST. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | Nil |
| Present | Manulife US REIT Alpha (Singapore) Pte. Ltd. Manulife US REIT Beta (Singapore) Pte. Ltd. Manulife US REIT Beta 2 (Singapore) Pte. Ltd. Manulife US REIT Beta 3 (Singapore) Pte. Ltd. Manulife US REIT Beta 4 (Singapore) Pte. Ltd. Manulife US REIT Beta 5 (Singapore) Pte. Ltd. Manulife US REIT Beta 6 (Singapore) Pte. Ltd. Manulife US REIT Beta 7 (Singapore) Pte. Ltd. Manulife US REIT Beta 8 (Singapore) Pte. Ltd. Manulife US REIT Beta 9 (Singapore) Pte. Ltd. Manulife US REIT Beta 10 (Singapore) Pte. Ltd. |