Key points:
- Timothy Patrick McNally will retire from his positions as Non-Executive Director, Chairman of the Board and Chairman and member of the AML Oversight Committee at the end of June 2025
- Philip Lee Wai Tuck will take over all three roles from 1 July 2025
NagaCorp has announced a scheduled change to its board leadership. Timothy Patrick McNally will retire from his roles as Non-Executive Director, Chairman of the Board and Chairman and member of the AML Oversight Committee with effect from 30 June 2025.
McNally has informed the Board that his decision is due to a desire to spend more time with his family and focus on personal interests.
McNally confirmed that he has no disagreement with the board and that there are no matters relating to his retirement which need to be brought to the attention of The Stock Exchange of Hong Kong Limited or the company’s shareholders.
Philip Lee Wai Tuck, aged 62, currently executive deputy chairman and an executive director of the board, will assume the positions of Chairman of the Board and Chairman and member of the AML Oversight Committee.
Good to know: This transition is effective from 1 July 2025 and is aligned with the conclusion of Mr McNally’s current term
The Board notes McNally’s contribution during his time in office and records the formal transition of responsibilities to Lee as part of this planned succession.
Lee has been with the Board as executive director and deputy chairman and is familiar with the company’s operations
This leadership change follows NagaCorp’s reported 17.7% year-on-year growth in Q1 2025 gaming revenue, signalling continued operational momentum ahead of the board transition.
