Sands China is on track to hire a new CEO by the end of the year

The local unit of Las Vegas Sands wants to have a new CEO in place by the end of this year, and things are looking fine for the company.  “We are continuing [our search] and hope to meet our schedule as previously mentioned by the end of the year,” Leven stressed.

One of the requirements for the company’s new CEO is to have worked in Asia and to be “culturally sensitive,” the executive said previously. Moreover, it doesn’t have to specifically be a hospitality or casino executive, but he will need to have a “very strong financial acumen” to work “above the day-to-day business, relying on experienced executives”.

Sands China has been through a drawn-out management revamp over the last few months. Back in July, CEO Steve Jacobs was fired and a few days later the operator appointed two new executives: president and chief operating officer Edward Tracy and executive vice president and chief casino officer David Sisk.

The search for the new CEO continues and the company says they have enough “qualified candidates” to fill the position. Meanwhile, local lawyer Leonel Alves has been rehired as a legal advisor by Sands China. The lawmaker confirmed to Macau Daily Times on Friday that the negotiations had been successful. “I have already signed the contract and it’s now in effect,” he said.

And that is also good news to the company’s acting CEO. “We are extremely pleased to have Dr. Alves back with us,” Leven said.“Dr. Alves has the experience and skill to help Sands China in all of our present and future business activities,” he added.Alves had previously represented Sands China for a year and a half but left the company back in February.