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Lim Keong Hui, son of Genting Group Chairman Lim Kok Thay, has resigned as CEO and Deputy CEO of Genting Hong Kong.
With the global cruise operator struggling to survive amid mounting debt and the suspension of operations due to COVID-19, Genting HK announced on Friday that Lim had tendered his resignation to dedicate more time to other business engagements. The 35-year-old is also Deputy CEO of Genting Bhd, Genting Malaysia Bhd and Genting Plantations Bhd, which is listed in Malaysia.
Lim, who was appointed Deputy General Manager in March 2019, has been replaced by Group President Colin Au Fook Yew, who oversees Genting Cruise Lines and its three cruise brands: Dream Cruises, Star Cruises and Crystal Cruises. . Au has worked in various roles within the Genting Group for the past 40 years.
As reported by Inside the Asian game, Genting HK is in the process of working with creditors to restructure its debt after announcing that it had suspended all loan payments to preserve liquidity amid the COVID-19 pandemic. It also reported losses of $ 743 million in the six months to June 30, 2020.
Lim’s father, chairman of Genting Group and controlling shareholder of Genting HK, Lim Kok Thay, was reappointed last week from chairman of Genting Malaysia, operator of Resorts World Genting near Kuala Lumpur, to vice chairman with Seri Alwi Jantan taking over. of official president. However, IAG The move has been said to be aimed simply at complying with Malaysia’s corporate governance guidelines, which recommend that the role of chairman and chief executive be played by separate individuals.
