SINGAPORE, July 19,
2023 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE: KEN)
(TASE: KEN) ("Kenon"), a Singapore-based holding company that operates
dynamic, growth-oriented businesses in the energy and shipping
sectors, announced today that it has appointed Ms. Tan Beng Tee to its Board of Directors
("Board") as a non-executive Director.
Ms. Tan brings with her decades of experience in the shipping
industry from her former role as Assistant Chief Executive of the
Maritime and Port Authority of Singapore and her current position as
Executive Director of the Singapore Maritime Foundation.
Kenon Chairman Mr. Cyril Ducau
stated, "We are thrilled to have Tan Beng
Tee join our Board of Directors. She brings a unique
perspective and skill set to the table, which will help us as we
manage our existing business holdings and look to make key project
investments or acquisitions in the future. Her wealth of knowledge
and business acumen will help guide the company's current
businesses and play a key role as we look to broaden our business
holdings."
Kenon's primary holdings include OPC Energy Ltd., an owner,
developer and operator of power generation facilities located in
Israel and, through its ownership
interest in CPV Power Holdings LP, in the
United States, and global container shipping company ZIM
Integrated Shipping Services, Ltd.
Kenon also announced that its CEO Mr. Robert Rosen will join the Board as an executive
Director while continuing to serve as CEO, and that as previously
announced the company's CFO Mr. Mark
Hasson is resigning from his position. Ms. Deepa Joseph has been appointed as interim CFO
with effect from September 1, 2023.
Ms. Joseph currently serves as CFO of Ansonia Holdings Singapore
B.V., which owns approximately 60% of Kenon's outstanding
shares.
Commenting on the organizational changes, Mr. Rosen stated, "We
are delighted to have Deepa Joseph
join us as CFO. She has proven to be a leading force in the
corporate financial world and will play a key role in our strategic
and financial planning as we grow. I would also like to thank
Mark Hasson for his years of
dedicated service to the company. His contributions as CFO were
integral to our success. The Board and management team wish him all
the best in his future endeavors."
Mr. Ducau added, "Having Robert join us on the Board will
provide us with valuable insights on day-to-day operations and
governance, allowing us to streamline the management of our
businesses and capitalize on market opportunities. Adding Deepa to
the team will further enhance our ability to navigate our current
business holdings and investments or acquisitions we may make in
the future, which may include large-scale investments. The Board
and I welcome them both in their new roles."
Ms. Tan will join the Board on August 30,
2023, while Mr. Rosen's appointment to the Board will be
immediate. Ms. Joseph will serve as interim CFO from September 1, 2023.
Caution Concerning Forward-Looking Statements
This press release includes forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements include statements with respect to director
and management appointments, including the timing of appointments
and the role of and expected contributions by such appointees in
Kenon's business, statements about Kenon's business including focus
on growth and potential future investments and acquisitions and
other non-historical matters. These statements are based on Kenon's
management's current expectations or beliefs, and are subject to a
number of risks and uncertainties, many of which are beyond Kenon's
control, and which could cause actual results to differ materially
from those indicated in such forward-looking statements. Such risks
include the risks relating to such appointments, risks relating to
Kenon's business and strategy and focus on growth and potential
future investments and acquisitions and other risks set forth under
the heading "Risk Factors" in Kenon's most recent Annual Report on
Form 20-F filed with the SEC and other filings. Except as required
by law, Kenon undertakes no obligation to update these
forward-looking statements, whether as a result of new information,
future events, or otherwise.
Contact Info
Kenon Holdings Ltd.
Mark Hasson
Chief Financial Officer
markh@kenon-holdings.com
Tel: +65 9726 8628
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SOURCE Kenon Holdings Ltd.