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Financial services

Galaxy Entertainment Group Ltd Announces Leadership Change

Strategic Insights

— 1 min read

Ted Chan will step down as chief financial officer at Galaxy Entertainment Group Ltd, with Thomas Arasi succeeding him, the company stated. Chan's seven-year tenure saw significant contributions to finance, corporate strategy, and investor relations at the integrated resort. Channeling his expertise from his past roles, Chan initially joined GEG in 2018 as chief operating officer (COO) for a Japan development, leading the company's Japan market efforts until 2022. He was promoted to chief financial officer (CFO) in March 2023.

Key Takeaways:

  • Ted Chan will step down as chief financial officer on October 27, with Thomas Arasi succeeding him on October 28.
  • Chan will officially leave the company on November 22.
  • Thomas Arasi brings over 35 years of corporate experience in financial services, hospitality, and integrated resorts.
  • Arasi previously held top executive roles at Bloomberry Resorts, Marina Bay Sands, and InterContinental Hotels Group Plc.
  • Francis Lui, GEG's chairman, expressed confidence in Arasi's leadership, stating that he will ensure a seamless handover, transition, and leadership continuity.
  • The leadership change marks the end of Chan's seven-year tenure during which he contributed significantly to finance, corporate strategy, and investor relations at the integrated resort.
  • Thomas Arasi will work with Ted Chan to ensure a smooth transition and leadership continuity.
  • Chan joined GEG in 2018 as COO for Japan development and led the company's Japan market efforts until 2022.
  • Chan was promoted to chief financial officer in March 2023.

Statistics:

  • Over 35 years of corporate experience in financial services, hospitality, and integrated resorts, held by Thomas Arasi.
  • 7-year tenure of Ted Chan as chief financial officer, contributing significantly to finance, corporate strategy, and investor relations.
  • 3 years (2020-2022) spent by Ted Chan as COO for Japan development at GEG.
  • 5 years (2018-2022) spent by Ted Chan leading the company's Japan market efforts at GEG.
  • 4 executive roles held by Thomas Arasi, including president and COO of Bloomberry Resorts.

Sources:

  • Galaxy Entertainment Group Ltd NS (no date)

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