In the biggest shake up since it acquired a 91.81% share in Sunseeker the Chinese based Wanda Group has announced that, Stewart McIntyre is to step down as Managing Director and will leave Sunseeker at the end of July 2014, to pursue other interests
Wanda owned by billionaire Wang Jianlin, who was named China’s richest person by Forbes Magazine in 2013, is a Beijing headquartered conglomerate with strong footprints across China, Europe and the US, operating mainly in four sectors, including commercial properties, culture & entertainments, luxury hotels and department stores.
By 2013, the company had total assets of USD$62.8 bn and has been ambitious in global expansion in recent years.
The Sunseeker Group has formed a special Board Committee charged with responsibility for the selection and appointment of a new CEO for the Sunseeker Group.
The group also plans to appoint two independent non-executive directors to strengthen the operating model and bring strategic expertise to the Board.
In the interim, Wanda Group has endorsed the appointment of Robert Braithwaite CBE as Acting President of Sunseeker.