[SINGAPORE] Genting Singapore chief financial officer (CFO) Lee Shi Ruh has been appointed president and chief operating officer (COO), filling a position that had been vacant for three years.
The role was last held by former president and COO Tan Hee Teck, who was promoted to chief executive officer in May 2022.
Lee has now stepped down as CFO, the group announced in a bourse filing on Friday (Aug 1). That role will be taken over by Ang Suat Ching, currently CFO of Resorts World Sentosa (RWS), an indirect wholly owned subsidiary of Genting Singapore. Ang will retain her role at RWS.
These changes follow the retirement of Tan, who stepped down as CEO and chairman of RWS in May.
From Jun 1, Lim Kok Thay, executive chairman of the Genting Group, assumed the role of acting CEO, while Lee took on the position of CEO of RWS.
This leadership transition coincided with a disappointing quarterly earnings report for Genting Singapore and led to a slight dip in the company’s share price.
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Lee, 58, has been with the Genting Group since 2010 and has held various senior leadership roles, including president of RWS since September 2023.
She holds a Bachelor of Science (Honours) in accounting and financial analysis from the University of Warwick, United Kingdom, and is a Fellow of the Institute of Singapore Chartered Accountants.
In her new role, Lee will be responsible for driving execution of strategic initiatives, operational performance, and sustainable growth across the group. She will report to Lim.
Ang, her 51-year-old successor, joined the group in June 2024 and brings with her more than 25 years of banking and finance experience, with expertise in treasury, capital management, financial strategy and capital markets. Prior to joining RWS, she spent several years at OCBC.
Ang will oversee the group’s financial affairs, including financial planning and analysis, treasury management, and financial reporting.
She holds an executive MBA from Insead and a Bachelor of Accountancy from Nanyang Technological University. She is also a Fellow Chartered Accountant (Singapore).
“These appointments reflect our commitment to leadership renewal as the group enters its next phase of growth,” said Lim.
He added that Lee “brings a proven track record of sound decision-making, strategic discipline, and a clear understanding of the group’s long-term priorities, which will be invaluable in her expanded role as president and COO”. He also noted that Ang’s financial expertise will support the group’s long-term value creation.
In a separate bourse filing on Friday, Genting Singapore also announced the cessation of Nanami Kasasaki as chief corporate officer of the company and as a director of RWS.
Shares of Genting Singapore closed flat on Friday at S$0.735, before the announcements.
