Melco Resorts & Entertainment has announced the appointment of John Peter Ben Wang as an independent non-executive director of the company.
Wang will take on his new role with immediate effect. He will also serve as chairman of the Melco audit and risk committee and a member of each of the compensation committee, and nominating and corporate governance committee.
An experienced executive, Wang was previously a director of Melco from November 2006 to August 2016.
Between 2011 to 2019 he was deputy chairman and executive director of Summit Ascent Holdings. Listed on the Stock Exchange of Hong Kong, Summit is an investment holding company focused on the gaming and hotel sectors.
Wang was also chief financial officer of Melco International Development Limited from 2004 to 2009. In addition, he held senior positions at financial institutions and has experience in finance, accounting and investment banking.
Melco Chair ‘Delighted’ with Wang Appointment
Melco Chairman Lawrence Ho spoke positively about the new appointment. He talked up Wang’s qualifications and experiences, saying this will support the business.
“Melco is delighted to welcome John Wang as one of our independent non-executive directors,” Ho said. “His qualifications and experiences will contribute greatly to the company.”
The appointment comes after Melco announced it will close four of its venues in Macau before the end of 2025. The Grand Dragon Casino, as well as the Mocha Hotel Royal, Mocha Kuong Fat and Mocha Grand Dragon Hotel, will cease operations over the coming months.
However, Melco said there will be no job losses as a result of the closures. Staff currently working across the locations will be assigned to its other properties in Macau. Meanwhile, gaming tables and electronic gaming machines will be reallocated to its other casinos or gaming areas.
