Imperial Pacific CFO departs company

Ed Chen has departed the company as it part of efforts to achieve a ‘leaner finance department’ during the Coronavirus pandemic.

Imperial Pacific International Chief Financial Officer, Ed Chen, has resigned from the company which is making cutbacks during the Covid-19 crisis.

IPI’s casinos have been closed since March 17 and the company has already cut staff hours by 30 per cent. The company said the decision to release Chen was a tough one.

A representative told the Marianas Variety: “We fully appreciate Mr. Chen’s contribution to our company. However, we believe a leaner finance department is essential to the success of the company going forward.

“Our goal is to ensure that we have an efficient and effective organisation to endure economic hardship and thrive in the future.

“We speed up on our construction work to ensure that when the tourists come back, we are in a much stronger position to be profitable and contribute to the CNMI economy.”