Change in Boardroom
| PARAMOUNT CORPORATION BERHAD |
| Date of change | 22 Aug 2019 |
| Name | MR BENJAMIN TEO JONG HIAN |
| Age | 30 |
| Gender | Male |
| Nationality | Malaysia |
| Designation | Executive Director |
| Directorate | Executive |
| Type of change | Appointment |
Qualifications
| No | Qualifications |
Major/Field of Study |
Institute/University |
Additional Information |
|
Degree
|
Bachelor of Politics and Sociology (with Honours) |
University of Nottingham, United Kingdom |
|
| Working experience and occupation | Mr Benjamin Teo graduated from University of Nottingham, United Kingdom in 2010 with a Bachelor's Degree (with Honours) in Politics and Sociology. He started his career at Paramount Corporation Berhad (Paramount) as a management trainee in 2012. Being an innovator with innate entrepreneurial acumen, Mr Teo had very quickly within a span of three years, acquired the necessary skills required for the management of a business. In 2015, Mr Teo was appointed to the position of Director of Innovation for the Property Division (Paramount Property). Under this portfolio, he led a team of young but dynamic talents to explore new concepts to enhance the product offering of Paramount Property. This has led to the establishment of Co-labs Coworking, a coworking office space total solution provider that has grown from one space in 2016 to four spaces as of to-date with almost full occupancy at its space in The Starling Mall. In March 2018, Mr Teo was promoted to the position of Chief Executive Officer (CEO) of Paramount Property Development Sdn Bhd (PPD), the development company for Paramount's Atwater integrated development in Section 13, Petaling Jaya. This development is slated to be Paramount's signature property development project in the Klang Valley due to its strategic location and high value proposition. As CEO of PPD, Mr Teo spearheaded the successful launch of Atwater, and he will be overseeing this development as well as all other developments to be undertaken by PPD. He also played an instrumental role in elevating the ranking of Paramount Property to the 12th position in The Edge Top Property Developers Awards, 2018. |
| Directorships in public companies and listed issuers (if any) | Nil |
| Family relationship with any director and/or major shareholder of the listed issuer | His father, Dato' Teo Chiang Quan, is the Chairman/Executive Director, as well as a substantial shareholder of Paramount. |
| Any conflict of interests that he/she has with the listed issuer | Nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Securities held by Mr Teo as at the date of appointment as an Executive Director of the Company on 22 August 2019: Direct Interest: (1) 778,680 ordinary shares in the Company; and (2) 222,480 warrants in the Company Indirect Interest: (1) 38,500 restricted shares (RS) and up to 146,600 performance-based shares (PS) granted to Mr Teo pursuant to the 2018 Long Term Incentive Plan (LTIP) Grant awarded on 11 June 2018; and (2) 57,600 RS and up to 138,800 PS granted to Mr Teo pursuant to the 2019 LTIP Grant awarded on 20 March 2019. |
| Remarks : |
The Board of Directors of Paramount has, on this 22 August 2019, resolved to appoint Mr Benjamin Teo Jong Hian as an Executive Director of Paramount with effect from 22 August 2019. |
Announcement Info
| Company Name | PARAMOUNT CORPORATION BERHAD |
| Stock Name | PARAMON |
| Date Announced | 22 Aug 2019 |
| Category | Change in Boardroom |
| Reference Number | C03-20082019-00001 |