Macau casino operator Sands China Ltd announced on Sunday the resignation of its chief financial officer with effect from April 15 next year.
The filing to the Hong Kong Stock Exchange said Toh Hup Tock – known within the industry as Ben Toh – would also be resigning on that date from his roles as an executive vice president, as an executive director and as a director of various subsidiaries of the firm.
It stated the finance chief was “resigning to pursue other business interests,” and that he had confirmed he has no disagreement with the board.
“The company will begin a search process to find a replacement for Mr Toh,” the filing added.
Mr Toh joined the group in April 2007 and served as senior vice president, finance, until November 2009, according to the statement. That month he was made chief financial officer and an executive vice president. He was appointed an executive director in June 2010.
On September 15, Sands China – which currently operates four Macau casino resorts including the Venetian Macao (pictured) – announced it had hired Wilfred Wong Ying Wai as the company’s new president and chief operating officer (COO). The appointment is effective from November 1, Sands China – the Macau unit of international casino developer Las Vegas Sands Corp – had said in a press release.
Mr Wong will succeed Rob Goldstein, who has been serving as Sands China’s interim president since earlier this year. Mr Goldstein became the president and COO of parent company Las Vegas Sands earlier this year, replacing Michael Leven, who retired.
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"If the [Macau casino] concessions are put up for bid, there will also be a lot of giant Chinese companies, some having nothing to do with gaming, which would like to take over these enormously successful casinos”
Professor emeritus at Whittier Law School in California, in the United States, and a visiting professor at University of Macau