Tim McNally (pictured in a file photo), chairman of Cambodian casino resort operator NagaCorp Ltd, is set to retire at the end of June, after more than 20 years with the company. That is according to a Thursday filing to the Hong Kong Stock Exchange.
NagaCorp runs the NagaWorld casino resort complex in the country’s capital, Phnom Penh.
The announcement said Mr McNally had notified the company’s board “of his plan of retirement to spend more time with his family and focus on personal interests”.
He will retire as a non-executive director, the chairman of the board and the chairman and member of the company’s anti-money laundering (AML) oversight committee “upon the expiration of his current appointment term on June 30, 2025,” it stated.
Philip Lee Wai Tuck, aged 62 and currently NagaCorp’s executive deputy chairman, will assume the positions of chairman of the board and the chairman and member of the company’s AML oversight committee, “with effect from July 1, 2025”.
“Mr McNally has confirmed that he has no disagreement with the board,” added the firm.
Mr McNally joined NagaCorp in February 2005 as chairman. Previously, he served as an executive director of security and corporate legal services for the Hong Kong Jockey Club. He was a special agent of the Federal Bureau of Investigation in the United States for almost 25 years.
“The board thanks Mr McNally for his dedication and the significant contributions he has made to the company during his tenure of office, and congratulates Mr Lee on his new roles,” said NagaCorp.
