Imperial Pacific International has cited the need for a more efficient and effective organization in order to endure the economic hardship caused by the COVID-19 pandemic.
The company made the comments to Marianas Variety after the resignation of its chief financial officer Ed Chen.
“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,” said IPI management.
The company told MV that it had to recalibrate its operations due to the pandemic and its impact on the CNMI economy.
“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.”