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ASEAN 2022
Part 39: Singapore | Genting Bhd
Genting Singapore appoints Tan Hee Teck as CEO
Chong Jin Hun May 01, 2022 11:30 am +08

KUALA LUMPUR (May 1): Genting Bhd's 52.7%-owned subsidiary Genting Singapore Ltd said on Sunday (May 1, 2022) the latter's former president and chief operating officer (COO) Tan Hee Teck has been appointed as the chief executive officer (CEO) of Genting Singapore with effect from Sunday.

"Concurrent to his appointment as CEO of the company, Mr Tan has ceased to be the president and COO of the company," casino and hotel operator Genting Singapore said in filings with the Singapore Exchange Ltd.

Prior to Tan's appointment as CEO, Genting Singapore said Tan had been the company's president and COO since 2010.

Genting Singapore said its nominating committee and board of directors had assessed Tan's appointment as CEO and that they were satisfied that Tan had the qualifications and experience to be appointed as the CEO of the company.

"The appointment is executive in nature. The CEO is responsible for executing the board's approved strategies, managing and developing Genting Singapore's business and providing leadership to the management team of the group to ensure effective day-to-day operational performance and organisational excellence," Genting Singapore said.

At Bursa Malaysia on Friday (April 29, 2022), Genting Bhd's share price closed up 11 sen or 2.43% to close at RM4.63 for a market value of about RM17.83 billion.

Genting Bhd has 3.85 billion outstanding shares, according to its latest annual report.

https://www.theedgemarkets.com/artic...n-hee-teck-ceo