Dr So will retire and not seek re-election at SJM Holdings’ upcoming AGM. Upon retirement, he will step down from his various board and executive roles, including vice-chairman, CEO, and member of committees such as executive and remuneration. However, he will continue as director of SJM Resorts after the 2023 AGM. Dr So expressed no disagreement with the board and is unaware of any relevant matters concerning his roles that need shareholder attention. SJM Holdings’ executive committee will oversee business operations and strategic objectives. This follows the Macau government granting a new 10-year concession to SJM Resorts, a subsidiary of the company. The board expressed gratitude for Dr So’s contributions as vice-chairman, executive director, and CEO in a statement.
SJM Holdings CEO Announces Retirement – What It Means for Investors and the Casino Industry
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