The Board of Directors of Sembcorp Marine announces the retirement of Mr Tan Pheng Hock as a Director, Chairman of Nominating Committee and a member of Executive Resource and Compensation Committee. Mr Tan Kwi Kin has also decided to retire as a Director of the Board.
Mr Tan Pheng Hock , appointed Director of Sembcorp Marine on 16 April 2001 and who retired by rotation pursuant to Article 91 of the Company’s Article of Association, has opted not to submit himself for re-election at the 48th Annual General Meeting.
As an independent director, Mr Tan also served as Chairman of the Nominating Committee since 20 April 2010 as well as a member of the Executive Resource and Compensation Committee since 3 July 2007.
Mr Tan Kwi Kin, appointed a director of Sembcorp Marine on 1 April 1990 and who retired under Section 153(6) of the Companies Act, Cap. 50, has opted not to offer himself for re-appointment at the 48th Annual General Meeting.
However, to tap on his strengths and vast experience in the marine and offshore sector, Mr Tan has agreed to remain as Senior Advisor to the Board of Sembcorp Marine and management of the Group. Concurrently, Mr Tan will also remain as a director on the Boards of Sembcorp Marine’s Strategic Business Units (SBUs) Jurong Shipyard, Sembawang Shipyard, SMOE and PPL Shipyard.
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Source: Sembcorp, April 20, 2011;