Hong Kong-listed NagaCorp announced Thursday that longtime Chairman Tim McNally will retire after more than two decades leading the integrated resort operator behind NagaWorld in Phnom Penh, Cambodia.
The 71 year old McNally, a former Federal Bureau of Investigation Special Agent, will step down as Chairman and Non-Executive Director when his current term expires on June 30th, 2025. He first assumed the role in February 2005.
NagaCorp stated that McNally is retiring to dedicate more time to his family and pursue personal interests after his extensive tenure with the company.
Philip Lee Wai Tuck, currently serving as Executive Director and Executive Deputy Chairman of the Board, will succeed McNally as chairman effective July 1st, 2025. The 62-year-old Lee will take over leadership as the company continues operations of its flagship integrated resort in the Cambodian capital.
In announcing the transition, NagaCorp expressed gratitude to McNally for his dedication and significant contributions to the company throughout his lengthy service as chairman.
