On September 8th, Allied Esports Entertainment Inc. announced that the organization’s board of directors had appointed Yinghua Chen as the company’s new Chief Executive Officer. Prior to this announcement, Miss Chen had worked for Allied Esports as the business’s CIO, President, and Board Secretary. However, moving forward, she will no longer serve as CIO or Board Secretary.
“I am pleased to pass the torch to Yinghua. As Interim CEO and as Company director, I have had the opportunity to work closely with her and I believe she is the ideal person to lead Allied Esports Entertainment’s executive operations as we move forward,” said Co-Chairman of the Board Lyle Berman. “In addition, we remain focused on investing the substantial cash on our balance sheet to acquire or merge with an existing business. Looking ahead, the Board has asked me to focus my activities on sourcing and executing a transaction that drives the most possible value for AESE stockholders. We continue to explore a number of potential acquisition opportunities; however, given the current macroeconomic conditions, we are evaluating these opportunities very carefully and cautiously.”
Chen will be taking assuming the CEO position from Lyle Berman, who has served as the interim CEO of Allied Esports since February of 2022. Now, Mr. Berman will be the Vice President of mergers & Acquisitions while maintaining his role as Co-Chairman of the Board.
(All information was provided by Allied Esports and Yahoo!)
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