On April 5, Hong Kong-listed casino operator NagaCorp Ltd. appointed three new chief executives, all sons of founder Chen Lip Keong, who now holds the title of senior chief executive. According to the Cambodia Daily, the elder Chen is “accelerating the family succession plan” with the “redesignation” of senior management.
Chen Yiy Fon, an executive director, is now CEO of operations. Chen Cherchi, managing director of finance, is now CEO of finance and treasury. And Chen Yiy Hwuan has become CEO of hotels.
In other appointments, Anthony Cheung King Man, director of capital investment and corporate finance, has become NagaCorp’s chief financial officer, and Sean Czoon was redesignated from group CFO to CFO of the founder’s office.
Tim McNally will stay on as group chairman. Philip Lee Wai Tuck will remain as executive deputy chairman, and Mike Ngai Wai Yip stays as chief operating officer. Chen Yepern, managing director in the “CEO cabinet” and a fourth son of the founder, will continue to lead the environmental, social and governance activities of the group.