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Announcement of Appointment of Independent Director
| Date of Appointment * | 28-03-2005 |
| Name * | Pankaj Hiralal Shah |
| Age * | 58 |
| Country of principal residence * | United States |
| Whether appointment is executive, and if so, area of responsibility * | |
| Job Title | Director |
| Working experience and occupation(s) during the past 10 years * | 1990 to 1994:
DuPont Company, Wilmington, Delaware, USA
Increasingly responsible jobs in Financial Analysis, Product Management, Corporate Planning & Business Management.
1994 to 1996:
Global Sourcing Director, DuPont Automotive business, Wilmington,Delaware, USA
– Purchased over US$1 billion material & services for DuPont’s Global Automotive
Businesses.
– Achieved over 25% savings in cost while ensuring quality & service.
1996 to 1998:
Regional Managing Director, DuPont Automotive business, Asia Pacific region, Seoul, Korea
– Ran the DuPont Automotive business for the entire Asia-Pacific Region (14 countries)
from Seoul, Korea.
– Grew revenues & profits in spite of the 1997 regional currency crisis.
– Merged & consolidated the regional Herberts Paints businesses with DuPont
automotive businesses in the region and improved profitability.
1998 to 2004:
Chairman & Ceo, DuPont India, Delhi
– More than doubled the revenues in five years.
– Achieved more than 30% annual growth in revenues and profit during 2001-2003
– Become one of the most admired companies in India in five years.
– One of the Best Employers in India (2003).
– Winner of the Sustainable Development Award (2002).
– Largest & fastest growing foreign Chemical companies in India (2003).
– Best in workplace safety.
– Exemplary in Corporate Governance.
– One of the most ethical companies. |
|
Shareholding
| in the listed issuer and its subsidiaries | None |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Conflict of interest | None |
Other Directorship
hese fields are not applicable for announcements of appointments pursuant to Rule 704(9)
| Past (for the last five years) | N.A. |
| Present | Nitrex Chemicals Ltd, India |
Information required under Rule 704(7)(h)
Disclose the following matters concerning a director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is “yes”, full details must be given.
| Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner? | No |
| Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency? | No |
| Whether there is any unsatisfied judgement against him? | No |
| Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such purpose? | No |
| Whether he has ever been convicted of any offence, in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach? | No |
| Whether at any time during the last 10 years, judgement has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation or dishonesty on his part)? | No |
| Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation? | No |
| Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation? | No |
| Whether he has ever been the subject of any order, judgement or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :- | No |
| any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | – |
| any corporation or partnership which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futurues industry in Singapore or elsewhere,
in connection with any matter occurring or arising during the period when he was so concerned with the corporation or partnership? | – |
