NagaCorp confirms retirement of Tim McNally
NagaCorp has announced that Mr. Timothy Patrick McNally has notified the Board of his plan of retirement to spend more time with his family and focus on personal interests and he will retire as a non-executive director, the chairman of the Board and the chairman and member of the AML Oversight Committee upon the expiration of his current appointment term on 30 June 2025.
Mr. McNally has confirmed that he has no disagreement with the Board and there is no matter relating to his retirement that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited or the shareholders of the company.
“The board is pleased to announce that following the retirement of Mr. McNally, Mr. Philip Lee Wai Tuck, aged 62, currently an executive director and the executive deputy chairman of the Board, will assume the positions as the chairman of the Board and the chairman and member of the AML Oversight Committee, with effect from 1 July 2025. The Board thanks Mr. McNally for his dedication and the significant contributions he has made to the company during his tenure of office, and congratulates Mr. Lee on his new roles.”
