Frank Ng Resigns as Allied Esports Entertainment CEO
Allied Esports Entertainmen has announced the resignation of CEO Frank Ng. The company’s board also announced the immediate appointment of Libing (Claire) Wu, who will assume the roles of CEO, President and General Counsel of Allied Esports Entertainment, Inc.
Ms. Wu was previously an Independent Director on the Company’s Board and is a highly respected New York attorney with over 15 years of experience focusing on corporate and securities laws. Ms. Wu has extensive legal and business experience in cross-border transactions, U.S. securities regulation, mergers and acquisitions, capital market transactions, as well as corporate strategic planning and structuring.
“Claire’s wide-ranging experience and impressive business acumen will be essential to a smooth transition period following the sale of World Poker Tour and for leading the company into a new phase focused on long-term success,” said Lyle Berman, Chairman of the Board of Directors, Allied Esports Entertainment. “On behalf of the Board, I’d like to thank Frank for his time and service to AESE and wish him the best moving forward.”
Prior to accepting the new position, Ms. Wu was the vice president and general counsel of Asia Pacific Capital, Inc., as well as senior counsel at the New York law firm Davidoff Hutcher & Citron LLP. Ms. Wu also served as a non-executive director of Ourgame.
Ms. Wu stated, “I’m honored to accept this position and look forward to working with the Board and management team to drive significant growth and results for our shareholders and partners alike.”
Ms. Wu is a graduate of New York University School of Law and China University of Political Science and Law, having earned a Master of Laws in Corporate Law at both institutions. Ms. Wu received a Bachelor of Science Degree in International Economics from Nankai University in Tianjin, China, and an Advanced Professional Certificate in Law and Business from New York University Leonard N. Stern School of Business.