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Change - Announcement Of Resignation Of Chief Executive Officer
BackMar 19, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 19, 2024 7:30 |
| Status | New |
| Announcement Sub Title | Resignation of Chief Executive Officer |
| Announcement Reference | SG240319OTHRVBR9 |
| Submitted By (Co./ Ind. Name) | Ling Chui Shee |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Mr William D. Gantt III (Tripp Gantt) as Chief Executive Officer (CEO) |
| Additional Details | |
| Name Of Person | William D. Gantt III (Tripp Gantt) |
| Age | 54 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/06/2024 |
| Detailed Reason (s) for cessation | Mr Tripp Gantt will be stepping down as CEO on 30 June 2024 due to pressing family needs that require his full time and attention. A suitable and qualified individual has been identified to replace him and the appointment, which is subject to regulatory approval, will be made in due course. Mr Gantt will collaborate closely with the Board and new Management team to ensure a seamless transition. The Board of Directors wishes to take this opportunity to thank Mr Gantt for his services to the REIT Manager and Manulife US REIT during his term of office. |
| 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 | 06/05/2022 |
| 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 | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Executive Officer |
| Role and responsibilities | Mr Gantt works with the Board to determine the strategy for MUST and with other members of the management team to execute MUST's investment strategy. Mr Gantt 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) | Everview Capital Partners Non-Executive Director Crane Capital Partners, LLC Advisory Board Evergreen Real Estate Partners, LLC Advisory Board Gateway China Real Estate Fund III, LP Advisory Committee Gateway China Real Estate Fund V, LP Advisory Committee Gaw NP Vietnam Fund I, LP Advisory Committee Indochina Land Holdings 3, LP Advisory Committee Century Bridge China Real Estate Fund, LP Investor Advisory Committee Century Bridge China Real Estate Fund II, LP Investor Advisory Committee Warburg Pincus Real Estate I, LP Advisory Committee, Valuation Committee Union Square, LLC Executive Managing Board |
| 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. |