PERTH: Donaco International Limited announced the appointment of Lee Bug Huy (aka Techatut Sukcharoenkraisri) as Chief Executive Officer (CEO), effective 3 September 2020.
Mr Huy will also remain on the Board as an Executive Director of the Company. Mr Huy has extensive experience in gaming and casino management having been Vice President at the Casino at Star Vegas Casino & Resorts Co, and responsible for developing the model for the slot machine business.
Two additional Independent directors have also been appointed to the Donaco Board, Mr Andrew Phillips and Mr Issaraya Intrapaiboon as two Australian-based, Non-Executive Directors.
Existing Non-Executive Director Mr Paul Porntat Amatavivadhana has been appointed Non-Executive Chairman of Donaco. The appointments are effective 2 September 2020.
As part of this process, and as outlined previously, Non-Executive Chairman Mel Ashton and Non-Executive Director Simon Vertullo have resigned from the Board. Mr Amatavivadhana brings considerable experience with public listed companies and is a founding principal and CEO of Infinite Capital, a boutique corporate advisory firm based in Bangkok. His broad expertise spans mergers & acquisitions, corporate restructuring and capital raisings. Mr Amatavivadhana is currently an independent director at Sansiri Plc, one of the largest real estate developers in Thailand.
Non-Executive Director Mr Phillips brings over 25 years’ experience working in senior financial and commercial management positions with both publicly listed companies and multinationals based in Australia and New Zealand. He has a thorough knowledge of international finance and corporate services and has an extensive network of contacts throughout Asia and the Americas.
He has held Executive or Non-Executive Directorships with a number of ASX listed companies and is currently Executive Director, CFO and Company Secretary of Lithium Power International Ltd (ASX: LPI), along with acting as an Independent Director for company, Southern Cross Exploration NL (ASX: SXX).
Non-Executive Chairman Paul Porntat Amatavivadhana commented: “We are focusing on our strategy to move forward and build Donaco to its highest potential.
Mr Lee Bug Huy added: “I am delighted to be appointed CEO of Donaco. I would like to thank the Board and Ilook forward to working with the rest of the team at Donaco to bring the casinos to fully operational post COVID-19 and borders reopening. We will continue to execute our pragmatic cost control strategy while keeping the market updated with future developments.”
Leave a Reply