Myanmar-language social media, entertainment and payments platform MySQUAR Limited (LON:MYSQ) has appointed Stephen Chong as chief operating officer with immediate effect.
Chong – who MySQUAR said has helped small and medium-sized businesses grow by providing M&A expertise and access to debt and equity financing – will take up his new role straight away, although he won’t sit on the board.
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He will be responsible for wide range of things, including licensing, development, marketing and daily operations of the mobile game, apps, news media, mobile commerce and fintech divisions.
“Stephen is a seasoned and trusted executive who consistently delivers results,” said chief executive Eric Schaer.
“His commitment to strategic and operational discipline will drive the Company's priorities towards enhanced monetisation.
“I have tremendous confidence in Stephen's ability to build on MySQUAR's competitive advantages and extend our market leadership as a media and entertainment platform in Myanmar.”
In the same announcement, MySQUAR confirmed non-executive director Ross Marsh has stepped down from the board with immediate effect to concentrate on his other business ventures.
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His duties as chair of the company's audit and AIM compliance committees will be taken over by existing non-executive director, Neil Osborn.
“The board would also like to wish Ross well in his future endeavours and appreciates his contributions over the last two years on the board.”