SBC News Rank appoints 'strategy pro' Tang Hong Cheong as corporate advisor

Rank appoints ‘strategy pro’ Tang Hong Cheong as corporate advisor

The governance of legacy UK gambling operator Rank Group Plc has this morning announced the appointment of Tang Hong Cheong as a non-executive director with immediate effect.

Tang Hong Cheong has served as President and CEO of multi-national Asian entertainment and leisure investment firm Guoco Group since 2016.

A seasoned C-level executive in corporate financing, risk management, transformation projects and strategic planning, Tang Hong Cheong has further served as Chief Executive of Malaysian investment conglomerate Hong Leong Group.

Welcoming Tang Hong Cheong as a Rank Group governance advisor, Ian Burke Rank Plc chairman, stated

“I am pleased to welcome Hong Cheong to the Rank board.  Hong Cheong has been working with the management of Rank since 2010 and has a broad understanding of the operational, financial and business aspects of the Company.”

“With Hong Cheong joining the board, he will be able to further enhance the communication between Rank and its major shareholder and, with his extensive commercial experience, be able to bring valuable contributions to the Rank board.”

Rank Group enters a critical 2019, with a new corporate leadership team led by new Chief Executive John O’Reilly, who had been charged with undertaking a corporate transformation program seeking to reverse venue declines for Rank casino and bingo properties.

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