The Hour Glass

Dr Henry Tay Yun Chwan
Executive Chairman

Dr Henry Tay was appointed Executive Chairman of The Hour Glass Limited in October 1987, having served as Executive Director since 11 August 1979. From 1980 to 1987, he was the Co-Managing Director of the Company. Dr Tay was serving as a member of the Company’s Remuneration Committee before he stepped down on 19 May 2006. Dr Tay graduated with a MBBS (Honours) from Monash University, Melbourne and prior to co-founding The Hour Glass in 1979, was both a Medical Practitioner as well as partner of Lee Chay & Co., one of Singapore’s first luxury watch retailers. From 1986 to 2001, Dr Tay was Executive Chairman of a group of companies whose businesses were in the distribution and retailing of the upmarket Burberry brand of fashion apparel and accessories in the Asia Pacific region outside Japan. Dr Tay is an independent director and chairman of the audit committee of UOB Kay Hian Holdings Limited. He also holds directorships in several private companies with diverse interest including real estate, F&B and entertainment. Dr Tay served as a Committee Member of the Community Chest from 1992 and was appointed Vice Chairman from 1994 to 2004. An active fundraiser for various charitable organizations, Dr Tay received many awards including the Friends of MCDS (Ministry of Community Development and Sports) Award in 2002 and the President’s Social Service Award in August 2005. Dr Tay was the Founder President of the Hong Kong - Singapore Business Association from 1994 to 2000 and is presently its Honorary President. He had also served as a board member of the Singapore Tourism Board.

Mdm Chan Siew Lee (Dato’ Dr Jannie Tay)
Vice Chairman (Executive)

Dato’ Dr Jannie Tay was appointed to the Board of The Hour Glass Limited and served as its Managing Director since 11 August 1979. On 1 April 2004, she was appointed Vice Chairman (Executive) and continues to play an active role in the development of the Company.
In recognition of her outstanding professional achievements, Dato’ Dr Jannie Tay was the recipient of the 2003 Monash University Distinguished Alumni Award, an institution from which she obtained both a Bachelor of Science degree in Physiology (Honours) and a Masters of Science degree in Pharmacology.
Dato’ Dr Jannie Tay is the President of the Singapore Retailers Association, Chairman of The Retail Academy of Singapore and chairs the Retail Industry Skills and Training Council. She also serves as the President of the Asean Business Forum, Chairman of the Commonwealth Business Women’s Network, the first female Executive Board Member of the Commonwealth Business Council and Founder President of the International Women’s Forum in Singapore. She is also the Founder and current President of the Women’s Business Connection. She was appointed a member of the Business Advisory Council of the United Nations Economic and Social Commission for Asia and the Pacific (“UNESCAP”) in 2004. UNESCAP’s mandate is to foster cooperation between its members in order to promote economic and social development in the Asian Pacific region. Having previously served on the Women’s Leadership Board of the John F. Kennedy School of Government, Harvard University and the United Nations Officer for Project Services, she was named as one of the 50 Leading Women Entrepreneurs of the World in 1997. A tireless worker for charitable causes and the Arts, she has raised significant sums for the Community Chest of Singapore, the Autism Resource Centre, the Canossian School for the Hearing Impaired, the Ong Teng Cheong Professorship in Music Fund and the Timor-Leste Foundation.

Dr Kenny Chan Swee Kheng
Managing Director

Dr Kenny Chan became a member of the Board of The Hour Glass Limited on 1 April 2004. He was the Group Chief Operation Officer of the Company since July 2004 prior to his appointment as Managing Director of the Company on 1 April 2004. A graduate of Monash University with a MBSS (Honours), Dr Chan has over 20 years of experience in the luxury goods industry. Prior to his joining The Hour Glass, he was the Managing Director of Burberry Singapore and Burberry Australia, companies that formed part of a group that was the exclusive distributor and agent of Burberry covering a territory that stretched from Korea to New Zealand. A former Young Presidents’ Organisation Singapore Chapter Chairman, Dr Chan also served as a Council Member for the Singapore Retailers Association from 2000 to 2002.

Mr Michael Tay Wee Jin
Executive Director

Mr Michael Tay was appointed as an Executive Director of The Hour Glass Limited on 15 August 2005, having joined the Company in January 1999 as its Business Re-Engineering Manager. Mr Tay has developed extensive watch industry experience having headed multiple facets of The Hour Glass businesses from specialty watch manufacturing, global marketing and distribution to greenfield retail development and group marketing. He is also a member of the international advisory board of Harry Winston Rare Timepieces.
Mr Tay graduated from Oxford Brookes University, United Kingdom with a First Class (Honours) in Business and International Management.

		Mr Robert Tan Kah Boh Independent Non-Executive Director Mr Robert Tan was appointed to the Board of The Hour Glass Limited on 18 November 1999. Currently, Mr Tan serves as Chairman of the Company’s Audit Committee and is also a member of its Remuneration Committee. He is an independent Director of the Company. Mr Tan was with an international public accounting firm for 28 years serving as a senior partner before his retirement. Mr Tan is a member of the Institute of Certified Public Accountants in Singapore and was a Fellow of the Institute of Chartered Accountants in England and Wales.

		Mr Owen Phillimore Howell-Price Independent Non-Executive Director Mr Owen Phillimore Howell-Price was appointed to the Board of The Hour Glass Limited on 11 April 1994. Currently, Mr Howell-Price serves as the Chairman of the Company’s Remuneration Committee and is also a member of its Audit Committee. He is an independent Director of the Company. Mr Howell-Price is also an alternative director of Jardine Cycle & Carriage Limited, and a director of Dairy Farm International Holdings Limited and DSG International Ltd. He was previously the CEO of Woolworths Ltd, Australia and the CEO of Dairy Farm International Holdings Limited. He is also the General Counsellor in Asia to C.I.E.S., the Paris based International Business Forum.

		Mr Ariel Kor Independent Non-Executive Director Mr Ariel Kor was appointed to the Board of The Hour Glass Limited on 1 August 2006 as an Independent Director. Currently, Mr Kor serves as a member of the Company's Remuneration Committee. He also holds directorships in Sampoerna Capital, Coffee Bean & Tea Leaf Inc and Harel Insurance Investments. Mr Kor was formerly a Principal at Triton Partners, a European private equity group, a Director of Evergreen Partners, and Orad Hi-Tech Systems and an investment banker at Lehman Brothers in London. Mr Kor graduated with Honours from Oxford University.

		Mr Jason Choo Choon Wai Independent Non-Executive Director Mr Jason Choo was appointed to the Board of The Hour Glass Limited on 1 August 2006 as an independent Director and serves as a member of the Company's Audit Committee. Mr Choo is the Chief Executive Officer of Gems TV Holdings Limited. In addition, Mr Choo is Executive Chairman and director of Lonsdale Capital Pte Ltd. Mr Choo holds directorships in several public listed and private companies in Singapore as well as in the region. Mr Choo is a graduate from Corolado College with a Bachelor of Arts degree in Economics.