SJM Holdings has announced several board changes after the retirement of the company’s founder.
Macau.- Macau-headquartered operator SJM Holdings Limited has announced a number of board changes after Stanley Ho confirmed his retirement. The founder of the company will be replaced by Daisy Ho, who is set to act as Chairman and Executive Director.
During a filing with the Hong Kong Stock Exchange, the company said that Ho will remain as chairman emeritus as a way to acknowledge everything he has done for SJM Holdings. “Dr. Ho has justifiably been acknowledged as the founding father of Macau’s gaming industry, which has for some time been the largest in the world in terms of revenue.”
“Under Dr. Ho’s visionary leadership, the company and its subsidiaries achieved a significant growth in the past decade. The board expresses its sincere gratitude to Dr Ho for his invaluable contributions in building a solid foundation for the company’s continuing growth in the future,” added SJM.