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IPI chief finance officer resigns

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IMPERIAL Pacific International chief financial officer Ed Chen resigned last week amid the suspension of the casino's operation due to the Covid-19 pandemic and ongoing lawsuits filed by former workers and contractors.


The IPI management, in a statement, said it made a “difficult decision.”
“We fully appreciate Mr. Chen’s contribution to our company. However, we believe a leaner finance department is essential to the success of the company going forward,” the IPI management added.
IPI also told Variety in an email that because of the pandemic and its impact on the CNMI economy, it has decided to recalibrate its operations.
“Our goal is to ensure that we have an efficient and effective organization to endure economic hardship and thrive in the future,” IPI said.
Meanwhile, it added, “we speed up on our construction work to ensure that when the tourists come back, we are in a much stronger position to be profitable and contribute to the CNMI economy.”

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