– CHINA, Hong Kong – Melco Crown Entertainment Limited (Nasdaq:MPEL), a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia, today announced the appointment of Mr. John William Crawford, JP as an Independent Non-Executive Director of MCE. Mr. Crawford will also become a member of each of the audit & risk committee, compensation committee and nominating and corporate governance committee of MCE with immediate effect.
Mr. Crawford has been the Managing Director of Crawford Consultants Limited and International Quality Education Limited since 1997 and 2002, respectively. Previously, Mr. Crawford was a founding partner of Ernst & Young, Hong Kong where he acted as engagement or review partner for many public companies and banks during his 25 years in public accounting and was the Chairman of the audit division and the vice chairman of the Hong Kong office of the firm prior to retiring in 1997. Mr. Crawford has extensive knowledge of accounting issues from his experience as a managing audit partner of a major international accounting firm, and also has extensive operational knowledge as a result of his consulting experience.
Mr. Crawford has served as an INED and chairman of the audit committee of Regal Portfolio Management Limited of Regal REIT since November 2006 and as an INED of Entertainment Gaming Asia Inc. since November 2007. In February 2012, Mr. Crawford was appointed as a member of the conflicts committee of Macau Studio City. Mr. Crawford previously served as an INED and chairman of the audit committee of other companies publicly listed in Hong Kong, the most recent of which was E-Kong Group Limited until June 8, 2015.
Mr. Crawford has been deeply involved in the education sector in Asia, including setting up international schools and providing consulting services. He was a member and a governor for many years of the Canadian International School of Hong Kong and remains active in overseeing and consulting for other similar pre-university schools. Additionally, Mr. Crawford is involved in various charitable and/or community activities and was a founding member of UNICEF Hong Kong Committee and the Hong Kong Institute of Directors.
In 1997, Mr. Crawford was appointed a Justice of the Peace in Hong Kong. He is a member of the Hong Kong Institute of Certified Public Accountants, a member and honorary president of the Macau Society of Certified Practising Accountants and a member of the Canadian Institute of Chartered Accountants.
Mr. Lawrence Ho, Chairman and Chief Executive Officer said, “We are extremely fortunate to have John join the Board at MCE. He has exceptional experience and we look forward to the benefit of his thoughts and counsel.”
MCE also announced today that Mr. James Andrew Charles MacKenzie has tendered his resignation with effect as of February 1, 2017 as an INED of MCE. Mr. MacKenzie was appointed as an INED of MCE on April 24, 2008 and currently serves as the chairman of MCE’s audit & risk committee. At the Company’s request, Mr. MacKenzie has agreed to continue to serve as INED and chairman of MCE’s audit & risk committee until February 1, 2017 so as to assist MCE in the transition of his responsibilities.
Upon the effectiveness of Mr. MacKenzie’s resignation on February 1, 2017, Mr. Alec Yiu Wa Tsui, an INED of MCE since December 18, 2006 and chairman of our nominating and corporate governance committee and a member of our audit & risk committee and compensation committee, will assume the role of audit & risk committee chairman.
Additionally, MCE announced that Mr. Robert Wason Mactier has tendered his resignation with immediate effect. Mr. Mactier was appointed as an INED of MCE on December 18, 2006 and served as a member of MCE’s compensation committee and nominating and corporate governance committee.
Messrs. MacKenzie and Mactier informed MCE that they wish to reduce their workloads so as to be able to devote greater time and focus to their many other businesses and charitable commitments. Messrs. MacKenzie and Mactier confirmed that their resignations are not due to any disagreements with the Board or the Company with respect to any of our operations, policies or practices and that they are not aware of any matter relating to their resignations that needs to be brought to the attention of our shareholders.
Mr. Lawrence Ho, Chairman and Chief Executive Officer said, “I want to extend the gratitude of the Board and myself to Mr. MacKenzie and Mr. Mactier for their many years of service and the contributions they made to the Board and the Company during their tenure. We wish them continued success in all of their future endeavors.”
About Melco Crown Entertainment Limited
Melco Crown Entertainment, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ:MPEL), is a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia.
For more information :
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
