Galaxy Entertainment Group (GEG) has announced that Ted Chan has been appointed as chief financial officer following Robert Drake’s departure from the position. The change is effective from March 1. Over the next few months, Chan will work with Drake on the transition.
Francis Lui, Vice Chairman of GEG said: “I would like to acknowledge and thank Mr. Drake for his significant contribution to the Group over the past 15 years who has decided to pursue his personal interests. During his tenure Bob contributed to a number of significant milestones including: navigating the company through the global financial crises and the COVID-19 pandemic, inclusion of GEG as a constituent of the Hang Seng Index, opening Galaxy MacauTM Phases 1 & 2 and Broadway Macau, and, most recently, the successful issuance of GEG’s new Macau gaming concession and preparation of the forthcoming opening of our Cotai Phase 3 development. I would like to express my sincere appreciation for his significant efforts and contributions to the Group over his many long years of service and look forward to continuing our relationship with Bob as a Senior Advisor.”
Drake will continue contributing to the Group in his newly appointed position of Senior Advisor to the Group. Effective March 01, 2023 Ted Chan will assume the role of Chief Financial Officer.
Francis Lui said: “Mr. Chan has 20 years of operational and financial experience within both Macau and regional gaming. Ted joined GEG in 2018 as Chief Operating Officer – Japan Development. Ted brings extensive gaming, hospitality and business development experience, gained through holding numerous senior management positions. The unique combination of Ted’s wealth of local integrated resort knowledge combined with his over two decades of management experience and familiarity with GEG makes him ideally suited for the role. Additionally, he will be supported by our existing highly capable Finance and Investor Relation teams to lead the company into the next era of our growth.”
