SJM Holdings Vice Chairman, Executive Director and CEO Ambrose So officially retired June on June 15, at the company’s annual general meeting.
He also stepped down as a member of the board’s executive committee, Cotai project committee, nomination committee and remuneration committee. According to Inside Asian Gaming, he will continue to serve as a company advisor and director of SJM Resorts, one of Macau’s Big 6 gaming concessionaires.
“The board would like to express its appreciation for Dr. So’s valuable contribution during his long tenure of office as vice chairman, executive director and CEO of the company,” the company said.
IAG described So as a “long-time, trusted lieutenant” to SJM founder and Macau gaming legend Stanley Ho, and spent nearly 48 years with the company and its parent, STDM, coming on board in 1976. He started with SJM Holdings at its inception in 2006, and “forged a reputation in his latter years as a valuable ‘peacemaker’” between competing factions who tried to gain control of the company after Stanley Ho fell ill in 2009. Ho died in 2020, at the age of 98.
SJM operates the Grand Lisboa resort on Macau’s peninsula, which opened in 2007, and the Grand Lisboa Palace in Cotai, which opened in July 2021.
