Galaxy Entertainment Group (GEG) announced that Chief Financial Officer Ted Chan will step down later this year, with veteran executive Thomas Arasi named as his successor effective October 27th.
Chan, who joined GEG in 2018 and took on the CFO role in March 2023, will officially leave the company on November 22nd. He previously served as Chief Operating Officer for the group’s Japan development project.
In an announcement this Tuesday, GEG Chairman Francis Lui praised Chan’s seven-year tenure, citing his leadership in finance operations, corporate finance and investor relations. “Ted played a key role in consolidating the company’s position as a market leader”, Lui said, adding that Chan had chosen to pursue personal interests.
Chan expressed gratitude for the opportunity to serve the company, calling the experience “professionally rewarding and personally enriching.”
Arasi, who brings more than 35 years of corporate experience across financial services, hospitality and integrated resorts, will assume the CFO role later this month. He has held leadership positions in North America, Japan, Singapore and the Philippines.
“I am confident that under Tom’s leadership we will continue to have an exceptionally strong finance function to support the Group’s business performance and strategic growth”, Lui said, noting that Chan and Arasi will work together to ensure a smooth transition.
