Executive moves: Viking Offshore Chairman Andy Lim resigns

Singapore companies announcing executive changes: Viking Offshore and Marine.

Viking Offshore and Marine

Viking Offshore and Marine said Wednesday Andy Lim, age 64, has resigned as chairman and executive director, effective 6 January.

Lim has been in his roles since June 2009, and he ha stepped down to allow for the renewal of the board of directors after the closing of the mandatory general offer for the company’s shares on 3 January, the company said in a filing to SGX.

Lim is the cousin of the spouse of Ng Yeau Chong, who is the CEO and an executive director of the company, the filing said.

Lim has a direct interest in 4.87 million shares and 696,122 warrants of Viking Offshore, and has a deemed interest in 588,000 ordinary shares and 84,000 warrants which are held by Associated Leisure International, in which Lim holds a 99 percent stake, the filing said.

In addition, Tan Wee Peng Kelvin, age 57, has stepped down as non-independent non-executive director, effective 6 January, after serving on the board for more than nine years to allow for the renewal of the board, a filing said. Tan has a direct interest in 40,000 shares and 6,500 warrants, the filing said.

Lee Suan Hiang, age 71, has also stepped down as non-independent non-executive director, effective 6 January, to allow for renewal of the board after he served for more than nine years, a filing said. Lee has a direct interest in 71,400 shares and 10,200 warrants, the filing said.

New executive director tapped

Viking Offshore said it has appointed Ong Swee Sin, age 37, as an executive director, effective 6 January. Ong is the sole shareholder of Synergy Supply Chain Management, one of the joint offerors of the mandatory general offer for the company, the filing said.

Ong has a deemed interest of 16.34 million shares via Synergy Supply Chain Management, the filing said.

From November 2021 to the present, Ong has been the project manager of VK Kinetic, the filing said.

Viking Offshore said it is in the process of appointing an additional independent non-executive director to meet the relevant rules and regulations.

 

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