Singapore’s offshore support solutions provider Pacific Radiance has appointed a new independent director of the company and announced changes to the Remuneration Committee.
Pacific Radiance said last Friday that Yong Yin Min, currently a non-executive director of the company, has been named as the new independent director, effective April 28.
He took over the role from Choo Boon Tiong who retired from the board without seeking re-election at the annual general meeting also held last Friday.
Pacific said that the company’s Nominating Committee chose Yong as an independent director due to his ability to exercise objective and independent judgment on the company’s affairs.
As a result of his retirement, Choo had to be replaced as the chairman of the Remuneration Committee (RC) of the company, a position he also relinquished at the conclusion of the AGM. Yong will replace Choo as the chairman of the RC as well.
Choo Boon Tiong was appointed as the group’s independent director in October 2013. He has been a director of Kyra Capital and CEO and chairman of Personnel Link Job Hub since 2004. He is currently an independent director of Craft Print.
Yong Yin Min was appointed as the group’s non-executive director in November 2006. He is a veteran in the financial sector with more than 20 years of experience from 1981 to 2004. Yong held various positions of responsibility in Chase Manhattan, NZI , Standard Chartered, Keppel Bank, GE Capital, and KBC.
Also, another independent director of the company, Goh Chong Theng, was named as a new member of the RC. He will join the new RC chairman Yong and Ng Tiong Gee, the company’s lead independent director.