Neptune Orient Lines : NOL Management Appointments - Chief Executive Officer & Chief Financial Officer

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Change - Announcement of Appointment: :Appointment of Chief Executive Officer Issuer & Securities

Issuer/ Manager	NEPTUNE ORIENT LINES LIMITED
Securities	NEPTUNE ORIENT LINES LIMITED - SG1F90001388 - N03
Stapled Security	No

Announcement Details

Announcement Title	Change - Announcement of Appointment
Date & Time of Broadcast	14-Jun-2016 19:09:10
Status	New
Announcement Sub Title	Appointment of Chief Executive Officer
Announcement Reference	SG1606140THRAH70
Submitted By (Co.I Ind. Name)	Looi Lee Hwa (Ms) & Wong Kim Wah (Ms)
Designation	Company Secretaries
Description (Please provide a detailed description of the event in the box below)	Further to our announcement of 10 June 2016, Mr Nicolas Sartini will assume, with immediate effect, the position of Chief Executive Officer in place of Mr Ng Yat Chung (who will be appointed as Special Adviser).

Additional Details

Date Of Appointment	14/06/2016
Name Of Person	Nicolas Sartini
Age	54
Country Of Principal Residence	France
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)	Mr Nicolas Sartini graduated from the Ecole des Hautes Eludes Commerciales Business School in 1983. He has been with CMA CGM S.A. for 25 years . Given his extensive knowledge of the shipping industry and working experience, Mr Sartini is qualified to assume the position of Chief Executive Officer.
Whether appointment is executive, and if so, the area of responsibility	Yes, as Chief Executive Officer.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)	Executive Director, NOL Board; Member of: NOL Executive Committee NOL Audit & Risk Committee NOL Nominating Committee NOL Approval Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries	Nil
Conflict of interests (including any competing business)	Nil (With CMA CGM S.A. becoming a controlling shareholder of NOL, NOL is now a subsidiary of the enlarged CMA CGM Group)
Working experience and occupation(s) during the past 10 years	CMA CGM S.A. Group Senior Vice President, Asia-Europe and Asia Mediterranean Lines; Has been overseeing the Asia-Europe trades since 1999 also supervises Australian National Line ("ANL") and Cheng Lie Navigation (2008 - Present)
Shareholding interest in the listed issuer and its subsidiaries?	No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
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Past (for the last 5 years)	Nil
Present	Nil
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdicti on was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?	No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?	No
(c) Whether there is any unsatisfied judgment against him?	No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?	No
(e) 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 has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?	No
(f) Whether at any time during the last 10 years, judgment 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, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?	No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?	No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?	No
No

(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or	No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or	No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or	No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?	No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?	No
Any prior experience as a director of a listed company?	No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company	Nil

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Change - Announcement of Appointment: :Appointment of Chief Financial Officer Issuer & Securities

Issuer/ Manager	NEPTUNE ORIENT LINES LIMITED
Securities	NEPTUNE ORIENT LINES LIMITED - SG1 F90001388 - N03
Stapled Security	No

Announcement Details

Announcement Title	Change - Announcement of Appointment
Date & Time of Broadcast	14-Jun-2016 19:10:05
Status	New
Announcement Sub Title	Appointment of Chief Financial Officer
Announcement Reference	SG1606140THR7RIL
Submitted By (Co./ Ind. Name)	Looi Lee Hwa (Ms) & Wong Kim Wah (Ms)
Designation	Company Secretaries
Description (Please provide a detailed description of the event in the box below)	Further to our announcement of 10 June 2016 , Mr Serge Corbel will assume, with immediate effect, the position of Chief Financial Officer in place of Mr Cedric Foo Chee Keng.

Date Of Appointment	14/06/2016
Name Of Person	Serge Corbel
Age	58
Country Of Principal Residence	France
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)	Mr Serge Corbel has been in charge of Corporate Control at CMA CGM since he joined the group in 1991 and was also in charge of its Revenue and Cost Control Departments. The Board is, therefore, of the view that Mr Serge Corbel is capable of assuming the position of Chief Financial Officer given his working experience.
Whether appointment is executive, and if so, the area of responsibility	Yes, as Chief Financial Officer.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)	Executive Director, NOL Board
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries	Nil
Conflict of interests (including any competing business)	Nil (With CMA CGM S.A. becoming the controlling shareholder of NOL, NOL is now a subsidiary of the enlarged CMA CGM Group)
Working experience and occupation(s) during the past 10 years	Vice President, Corporate Control, CMA CGM Group (2005 to present) (Has been in charge of Corporate Control, as well as Revenue and Cost Control departments, since joining the CMA CGM Group in 1991.) Worked for Navale et Commerciale Havraise Peninsulaire (NCHP, wfiich became a subsidiary of DELMAS in 1986) in various commercial and marketing management positions on the Arabian Gulf and Indian Ocean Trades
Shareholding interest in the listed issuer and Its subsidiaries?	No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)	Nil

Additional Details

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