Summit Ascent Holdings, Inc. has had a couple of rocky years. Its revenue dipped a little in 2018 and, most recently, reports have surfaced that it could be losing some of its investors. Now, the promoter of the Tigre de Cristal integrated resort in Russia is losing its deputy chairman John Wang.

According to a company announcement from last Thursday, Wang resigned as Summit Ascent’s executive director and deputy chairman effective April 12. The decision was made to allow the executive to concentrate on “other business engagements.”

Summit explained, “Mr. Wang has confirmed that he has no disagreement with the board and there are no other matters in relation to his resignation that need to be brought to the attention of the stock exchange,” and expressing “its sincere gratitude to Mr Wang for his valuable contributions to the group during his tenure of office.”

Wang had been an executive director at Summit since March 2017 according to its 2017 annual report. He served as chairman from then until July 2013 at which time he was appointed to the position of deputy chairman.