Melco International Development Ltd, the parent company of Melco Resorts & Entertainment, has made significant executive changes, appointing Geoffrey Davis as Executive Director and also bringing Henry Ko Chun Fung onto the board. These moves come in the wake of fulfilling Hong Kong Stock Exchange requirements following the recent passing of a long-serving member of the board.
Key Points
- Geoffrey Davis, the current CFO and Executive VP, is appointed as Executive Director without any additional remuneration.
- Henry Ko Chun Fung joins as an independent non-executive director to meet regulatory requirements.
- Davis has extensive experience in the gaming industry, having joined Melco in 2007, with significant shareholdings in Melco International and Melco Resorts.
- Ko brings a wealth of experience from the telecom sector and has held several senior positions in noteworthy companies across Asia.
- Ko’s remuneration includes a director’s fee and compensation for committee roles, totalling around HK$200,000 (US$25,000) per annum plus additional allowances.
Why should I read this?
This article provides a glimpse into significant leadership transitions at Melco, crucial for those tracking developments in the gaming and entertainment sectors. With Geoffrey Davis and Henry Ko’s solid backgrounds, this reshaping of the board could influence the company’s strategic direction. If you’re keen on what’s happening in the industry, this update is certainly worth a read!
