Allied Esports CEO Frank Ng steps down
By Bob Garcia
The executive leaves not long after Allied completes its sale of the WPT
Global eSports entertainment company Allied Esports Entertainment, Inc. announced yesterday that July 13 is considered the official day on which Frank Ng stepped down as the company’s official CEO. The change comes on the heels of the company’s sale of the World Poker Tour to Element Partners, LLC. A reason for Ng’s departure wasn’t given in an official company press release.
Knowing that this was news that was going to happen, Allied had already set about the task of finding his replacement. Therefore, during the same announcement, the Board of Directors named the new person who will assume the roles of CEO, President and General Counsel. Libing (Claire) Wu will now take the helm. Based on her previous experience as an Independent Director on the Company’s Board, many believe she will have what it takes for the company to continue to excel.
Wu is also a practicing attorney in New York State and has over 15 years of experience focusing on corporate and securities law. Her extensive background includes years of experience in US securities regulation, capital markets transactions, mergers and acquisitions, and even corporate strategic planning and structuring.
“Claire’s extensive experience and impressive business acumen will be essential to a smooth transition period following the sale of World Poker Tour and to leading the company into a new phase focused on long-term success,” said Lyle Berman, Chairman of the Board. of Directors, Allied Esports. “On behalf of the Board, I would like to thank Frank for his time and service to AESE and wish him the best in the future.”
Being able to have a new face in a company always brings fresh air to the way it is run and Ms. Wu says she is honored to be the one given this leadership command. She says she plans to work closely with the management team and the board to achieve the growth and the results the company has always been accustomed to.