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NagaCorp splits CEO role into four parts, adds new life to management


Casino operator NagaCorp on Tuesday announced a shake-up of its senior level management, which sees the chief executive role helmed by Dr. Chen Lip Keong split into four parts. 

NagaCorp said the move was aimed at injecting “new vitality” into the management of the group. 

Under the re-designation, which came into effect on Tuesday, founder and former CEO Tan Sri Dr. Chen Lip Keong has moved to the position of senior chief executive officer.

According to a filing to the Hong Kong stock exchange, Mr. Chen Yiy Fon, Dr. Chen’s son and an executive director of the company, has taken the role of chief executive officer – operations. 

Aged 41, Chen Yiy Fong has served the company since 2005 as an executive assistant to the founder and subsequently appointed as a non-executive director of the company from May 2009 to February 2011. He was appointed as an executive director of the company on 1 June 2015. Together with the Founder, Yiy Fon has been involved in the decision-making processes as the senior management of the company since joining in 2005.

Another son, Mr. Chen Cherchi has moved from his role as managing director of finance and operations to chief executive officer – finance and treasury. 

Aged 34, Cherchi joined the Company in January 2016 as an executive assistant to the founder and soon he was promoted as Vice President of Finance and Operations prior to being appointed to his current position. Cherchi is responsible for managing the company-wide finance-related matters and overseeing the daily gaming and non-gaming operations together with other senior management of the Group.

A third son, Mr. Chen Yiy Hwuan, has been appointed chief executive officer – hotels. 

Aged 42, Hwuan has been overseeing the company’s wholly-owned subsidiary, NagaFarm Limited, which is involved in sustainable agricultural farming activities and providing food to the Naga 1 and Naga 2 hotels.

NagaCorp noted that Dr. Chen will continue to lead the Group and “remains actively, strongly and firmly in grip” to lead the group and provide direction and strategy, as well as oversee day-to-day operations of the group.

The shakeup will have also seen the re-designation and appointment of Mr. Cheung King Man from the director of capital investment and corporate finance of the company to CFO, and Mr. Tan Sean Czoon from CFO to CFO, Founders Office. 

Other roles, including the role of chairman of the group which is currently taken by Timothy McNally, have not been changed.

Felix Ng
Felix Ng
Felix is the Asia Editor and Events Director of the Asia Gaming Brief. He has over a decade of experience developing conferences for industries including gaming, telecoms, investment, biotechnology, and mining. Felix covers gaming technology and innovation and is passionate about developing engaging and eye-catching content for the industry.