Announcements & News Releases

Changes In Board Of Directors And Establishment Of Executive Committee

Feb 26, 2004

Hyflux Ltd ("Company") wished to announce that, as part of the corporate drive to improve corporate governance, its 2 Executive Directors, Dr Deirdre Murugasu and Mr Foo Hee Kiang, had stepped down from the Board with immediate effect. With this move, the only Executive Director on the Board will be the Managing Director and Chief Executive Officer of the Company, Ms Olivia Lum,

At today's Board meeting, the Board also established a new Executive Committee to be its executive arm. Ms Lum will chair this Committee. Members appointed by the Board to this Committee are:
1 Dr Murugasu, Executive Vice President and Chief Operating officer;
2 Mr Foo Hee Kiang, Executive Vice President – Technical;
3 Mr Lim Kim Seng, Executive Vice President – Finance;
4 Mr David Hurn, Senior Vice President – Structured Projects;
5 Ms Rose Tong, Senior Vice President – Hyflux Aquosus; and
6 Ms Grace Goh, Senior Vice President – Finance and Chief Financial Officer.


By order of the Board


Lim Kim Seng


Submitted by Lim Kim Seng, Company Secretary on 26/02/2004 to the SGX