NagaCorp CEO Chen steps into new role, as his three sons take on co-CEO duties
Hotel, gaming and leisure company NagaCorp has made a number of changes to its leadership roles, as Tan Sri Dr. Chen Lip Keong steps aside from his role of CEO to become senior CEO.
Dr. Chen first began working at NagaCorp in 2003, as executive director. His new role is subject to a term of 3 years.
Chen is one of several senior management members to change role NagaCorp. Chen Cherchi, a son of Dr. Chen's, has been moved from the role of managing director of finance and operations to the role of CEO of finance and treasury.
Chen Cherchi first joined NagaCorp in 2016, acting as an executive assistant to Dr. Chen.
Chen Yiy Fon, also a son of Dr. Chen's, has been appointed to the role of CEO of Nagacorp operations. He joined NagaCorp in 2005 as executive assistant to Dr. Chen.
A third son of Dr. Chen's - Chen Yiy Hwuan - has been given the role of CEO of hotels. Chen Yiy Hwuan was part of NagaCorp's initial public offering in 2005, when the company raised $65m on the Hong Kong Stock Exchange. He returned to NagaCorp in 2012 as an investor relations executive, seeing the company hit $1bn in market capitalisation.
Cheung King Man will take on the role of company chief financial officer, moving from the role of director of capital investment and corporate finance. He first joined NagaCorp in 2013 as a senior investment analyst, being promoted to director of capital investment in 2017.
Tan Sean Czoon will become the chief financial officer, founder's office. He was the former chief financial officer of the company.
All appointments took effect from yesterday (5 April).