Genting Singapore has announced that Tan Hee Teck is to step down from his roles as CEO and chairman of the company on May 31.
Tan has informed the company he will also retire from his role as CEO of its Resorts World Sentosa (RWS) subsidiary. However, he will remain with the group in a supportive position through to the end of November.
Tan has led Genting Singapore since May 2022, while he has been CEO of the Resorts World Sentosa arm for over 18 years. He has also served as RWS chairman for the past five years, taking on the role in February 2015.
Executive Chairman Tan Sri Lim will assume the role of acting CEO of Genting Singapore effective June 1. He will also continue to serve in his current chairman role during this period.
Meanwhile, Lee Shi Ruh, currently chief financial officer of Genting Singapore and president of RWS, will become RWS CEO. This is also effective from June 1, with Lee also continuing as CFO of the main business.
‘Incredible Honor’ for Tan
Tan oversaw the launch and subsequent running of RWS, an integrated resort that is home to a host of features. These include a casino and the Universal Studios Singapore theme park.
Commenting on his exit, Tan said it has been an “incredible honor” to be part of the group for over 20 years.
“As I approach my 70th birthday, I look forward to a new chapter where I can devote time to pursue my interests and do more in giving back to society,” Tan said. “I would like to express my immense gratitude to my management team and 7,300 colleagues for this extraordinary ride of my life – it was only through their dedication and strong support that we have been able to achieve all that we did.
“My legacy will be leaving behind a team that is incredibly talented, passionate and well-positioned for the road ahead, especially to drive the transformation of RWS into a global tourism icon.”
Tan Sri Lim paid tribute to the outgoing company CEO, saying that his leadership has been “invaluable.”
“Working alongside the team, he has been instrumental in building RWS into the world-class destination it is today,” he said. “He has fostered a strong culture of innovation, excellence, and genuine camaraderie within the team.”
“We are deeply grateful for his dedication and countless contributions. We will truly miss him, and we wish him the most wonderful and fulfilling retirement.”
