GGRAsia – Leven retires from board of Sands China, parent LVS

Leven retires from board of Sands China, parent LVS

Apr 13, 2016 Newsdesk Latest News, Macau, Top of the deck, World

Las Vegas Sands Corp announced that former president Michael Leven (pictured) has retired from the company’s board of directors. Mr Leven also retired from the board of its Macau subsidiary Sands China Ltd.

U.S.-based casino operator Las Vegas Sands said in a filing that Mr Leven had informed the firm on Monday that he had decided to retire from the board of directors of both firms, “effective immediately”.

No reason for Mr Leven’s decision was provided.

“Mr Leven has decided to retire and has confirmed that he has no disagreement with the board, and there are no matters that need to be brought to the attention of the shareholders of the company in respect of his retirement,” Sands China said in a filing to the Hong Kong Stock Exchange.

Mr Leven, 77, joined the board of Las Vegas Sands in 2004. He was president and chief operating officer between 2009 and 2014, when he retired from those roles, remaining as a director. He was succeeded as group president and chief operating officer by Rob Goldstein.

In 2010 Mr Leven was named acting chief executive of Sands China, after the dismissal of Steve Jacobs. In July 2011 Edward Tracy was appointed to run the Sands China operation.

Mr Leven was pivotal in Las Vegas Sands’ growth in Asia. During his tenure as president, the firm opened the Marina Bay Sands in Singapore and recorded huge profit growth in Macau, where it also increased its market presence.