Allied Esports Entertainment, Inc., a global esports entertainment company, on Wednesday said CEO Frank Ng has resigned, effective July 13.
The California-based company’s board of directors added it has made the immediate appointment of Libing (Claire) Wu, who will assume the roles of CEO, president and general counsel.
Wu previously was an independent director on the company’s board.
Prior to accepting the new position, 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. Wu also served as a non-executive director of Ourgame.
Allied Esports described Wu as a highly respected New York attorney with more than 15 years of experience focusing on corporate and securities laws. The company said Wu has extensive legal and business experience in cross-border transactions, US securities regulation, mergers and acquisitions, capital market transactions, as well as corporate strategic planning and structuring.
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. 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.
“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,” Lyle Berman, chairman of the board of directors, Allied Esports Entertainment, said in a statement. “On behalf of the board, I would like to thank Frank for his time and service to AESE and wish him the best moving forward.”
Wu added, “I am 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.”
