Parkson Retail Asia appoints Koh Huat Lai as Chief Finance Officer

he will be in charge of overall finance function of the Group’s business including financial reporting, capital and debt management.

The Board of Parkson Retail Asia announced the appointment of Koh Huat Lai as Chief Finance Officer. The candidate was shortlisted by the Group Managing Director and interviewed by the Audit Committee (“AC”) members. The AC, having conducted the interview and made all reasonable enquiries, recommended this appointment to the Board. Based on the AC’s recommendation and taking into consideration Mr Koh’s professional qualification and relevant work experience, the Board has supported the appointment.

As required under rule 610(6) of the Main Board Listing Rules of the Singapore Exchange Securities Trading Limited (“SGX-ST”), the Board wishes to announce the following statement made by the AC with respect to the appointment of Mr Koh as the Chief Financial Officer (“CFO”) of the Company: “The AC members had confirmed that after making all reasonable enquiries, and to the best of their knowledge and belief, nothing has come to their attention to cause them to believe that Mr Koh Huat Lai does not have the competence, character and integrity expected of a CFO of a listed issuer.”

Mr. Koh will be responsible for the overall finance function of the Group’s business including financial reporting, capital and debt management, risk management, compliance with financial and regulatory requirements and investor relations.

Prior to his appointment he was General Manager, Finance and Company Secretary of Mulpha International Bhd from May 2004 to January 2012. Before this he was Assistant General Manager, Finance of Malaysian Resources Corporation Berhad from September 2000 to May 2004.