Melco hires a veteran in the finance industry, John Wang, as a CXO-level, independent director to strengthen the audit, governance, and strategic experience covering its global operations.

Melco Resorts & Entertainment has promoted a veteran of the financial world as an independent non-executive director (NED) as it beefs up its CXO leadership ranks. This appointment will be immediate, which underpins Melco's good governance and financial control.

Wang will further become the chair of Melco audit and risk committee and become a member of the Melco compensation and nominating committees. The board pointed out that Wang was an audit committee financial expert whose importance was critical in the accountability and transparency of the CXO.

It is important to note that Wang has had a successful history with Melco; he worked as the director with the company since 2006 up to 2016. He also served as senior CXO with current or past positions being deputy chair and executive director of Summit Ascent Holdings and CFO of Melco International Development. Wang is a chartered accountant and has been in the finance sector of international financial institutions for decades like since 1985.

The CEO and the chair of Melco, Lawrence Ho, welcomed Wang by saying his qualifications and experience would be a big plus to the company.

The appointment of this CXO goes along with the recent decision by Melco to further emphasize its presence abroad, such as the acquisition of a 20-year license to operate in Sri Lanka.