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NagaCorp has announced a change in its senior management, where Mr. Chen Cherchi has stepped down from his role as CEO – Finance and Treasury, effective 16 May 2024.
As per the company’s official statement, Cherchi will no longer hold any position within NagaCorp or its subsidiaries. Consequently, he will also cease to be a director of NagaGroup Global and NagaCap, both based in the Cayman Islands and fully owned by NagaCorp.
The statement also added that Cherchi has no other disputes with the Board. NagaCorp has expressed its gratitude to Cherchi for his contributions during his tenure.
The company believes Cherchi’s departure will not significantly impact its operations. NagaCorp will continue to follow its established business strategies, and the senior management team is committed to leading the company to further success.
NagaCorp was previously awarded the Most Honoured Company recognition by the financial publication Institutional Investor, which included Best Investor Relations, Best CEO, Best CFO and Best Overall ESG in the Gaming & Lodging sector.
Cherchi is the son of NagaCorp’s late founder Chen Lip Keong, along with his brothers Chen Yiy Fon, Chen Yiy Hwuan and Chen Yepern.
