Philippines-listed Bloomberry Resorts Corp has announced that Thomas Arasi (pictured) stepped down on Tuesday as president, chief operating officer (COO), and a member of the company’s board.

Mr Arasi, 63, is also retiring from his positions in the group’s unit Bloomberry Resorts and Hotels Inc and “from all positions in other subsidiaries,” stated the parent company in a Tuesday filing.

“His retirement is for personal reasons and is effective today [Tuesday, December 17],” said Bloomberry Resorts.