Succession plan accelerates as NagaCorp founder names three sons as joint CEOs

NagaCorp founder Dr Chen Lip Keong appears to be accelerating the family succession plan after announcing a “re-designation” of senior management that will see three of his sons become joint CEOs.

Under the re-designation, Dr Chen’s position will change from CEO to Senior CEO, effective immediately, although the company said he will continue to oversee the day-to-day operations of the group.

Chen Yiy Fon, currently an executive director, will become CEO – Operations, Chen Cherchi will become CEO – Finance and Treasury, and Chen Yiy Hwuan will become CEO – Hotels.

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