Galaxy Entertainment has announced that Ted Chan is to step down as chief financial officer of the company, with Thomas Arasi set to take on the role.
Chan will officially depart on November 22 after seven years with the company. He served in a series of senior roles during this period.
In a statement, Galaxy said Chan is exiting the business to pursue personal interests.
“Ted made a valuable contribution to the group in his key leadership role of leading finance operations, corporate finance and investor relations,” Galaxy Chairman Francis Lui said. “He played a key leadership role with the management team in consolidating the company’s position as the market leader in the industry.
“I personally wish him all the very best in his future endeavors.”
Galaxy Welcomes Arasi Experience
Arasi will bring over 35 years of corporate experience to the role at Galaxy. He has worked across multiple industries, including 16 years within the integrated resorts sector.
“I am confident that under Tom’s leadership we will continue to have an exceptionally strong finance function to support the group’s business performance and strategic growth,” Lui said. “Tom will work with Ted to ensure a seamless handover, transition and leadership continuity.”
Chan added: “I am grateful for the opportunities, challenges and experiences in Galaxy over the past seven years. The journey has been both professionally rewarding and personally enriching.
“I would like to express my deep gratitude to everyone who has been part of it.”
