MR. HEINE ASKAER-JENSEN
was appointed to the Board on 14 November 2011. He
was last re-elected to the Board on 28 October 2015.
Mr. Askaer-Jensen holds a Bachelor Degree from Sonderborg Handelshojskole, a
department of Copenhagen Business School in Denmark, complemented by business
studies at the Penn State University, USA (EMP) and Harvard Business School, USA
(AMP/ISMP).
Mr. Askaer-Jensen has significant executive experience from his role as the Group
Managing Director/Executive Vice Chairman of Jebsen & Jessen (SEA) Pte Ltd from
1970-2011, a diversified ASEAN group of more than S$1 billion in revenue and 4,500+
employees engaged in trading, manufacturing and engineering activities. Mr. Askaer-
Jensen, a Singapore permanent resident, is also the past Deputy Chairman and a
member of the Board of the Singapore International Chamber of Commerce from 1994
to 2011, and an avid yachtsman who is intimately familiar with the Company’s products
as a Grand Banks owner.
MR. MARK JONATHON RICHARDS
was appointed Chief Executive Officer and
Executive Director of Grand Banks Yachts in August 2014. He was last re-elected to the
Board on 8 October 2014.
A qualified shipwright and passionate yacht designer, Mr. Richards founded Palm Beach
Motor Yachts in 1995. Under his leadership, Palm Beach has developed a reputation
for producing some of the highest quality and most fuel-efficient luxury motor yachts in
the world.
Palm Beach’s award-winning yachts are designed, built, and marketed from its facility in
Australia’s Berkeley Vale, just 100 km north of Sydney.
Mr. Richards is also a successful yachtsman. He is a two-time world champion and
has won the prestigious Sydney-Hobart yacht race for a record eight times. He has
represented Australia in dozens of international regattas, including two America’s Cups
and the 2003 Admiral’s Cup in the U.K., where he led Australia to victory.
MR. BASIL CHAN
was appointed to the Board on 14 November 2011. He was last
re-elected to the Board on 8 October 2014.
Mr. Chan holds a Bachelor of Science (Economics) Honours Degree majoring in Business
Administration from the University of Wales Institute of Science & Technology, U.K. and
is a member of the Institute of Chartered Accountants in England and Wales (“ICAEW”)
as well as a member of the Institute of Singapore Chartered Accountants (“ISCA”).
Mr. Chan was formerly a Council Member and Director of the Singapore Institute of
Directors (“SID”) where he had served 12 years, chairing its Professional Development
Sub-committee and also as Treasurer for a term of three years. He is a Chartered
Accountant by training, having qualified in the U.K. with ICAEW. He was also a member
of the Corporate Governance Committee in 2001 which published the Singapore Code
of Corporate Governance. In addition, he previously sat on the Accounting Standards
Committee and on the Audit and Assurance Standards Committee of ISCA. He currently
sits on the Corporate Governance Committee of ISCA where he is its Deputy Chairman.
He is the Founder and Managing Director of MBE Corporate Advisory which provides
corporate and financial advisory to listed and private companies. Mr. Chan is also an
independent director of four other SGX-listed companies.
HEINE ASKAER-JENSEN
Chairman of the Board &
Independent Director
MARK JONATHON RICHARDS
Chief Executive Officer &
Executive Director
BASIL CHAN
Independent Director
08
GRAND BANKS YACHTS LIMITED
ANNUAL REPORT
2016
BOARD OF
DIRECTORS
