Directorate Change

RNS Number : 6185R

PPHE Hotel Group Limited

10 March 2016

 

10 March 2016

PPHE Hotel Group Limited

Directorate Change

PPHE Hotel Group Limited (the "Company"), which together with its subsidiaries (the "Group") owns, leases, develops, operates and franchises full service upscale and lifestyle hotels in major gateway cities and regional centres, predominantly in Europe, today announces planned changes to its board of directors (the Board).

The Company announces that it is proposed that Dawn Morgan will be nominated for election as a non-executive director to the Board at the forthcoming annual general meeting (the AGM) on 19 May 2016. Subject to approval at the AGM, Dawn's appointment will take effect at the conclusion of the meeting. On appointment Dawn will also serve on the Audit Committee and the Nominations Committee.  

Dawn is a Chartered Accountant and former Finance Director and Company Secretary of International Energy Group Ltd (IEG).  She  joined IEG as Financial Accountant in 1992 and was promoted to Group Accountant and Company Secretary in 2000, and further promoted to the main board as Finance Director from  2004 - 2013. During her 21 years at IEG, Dawn's role was extensive and covered all aspects of commercial accounting and management. This included the group consolidations and cash flows, disaster recovery, restructuring and the centralisation of the finance function. She was also actively involved in the flotation of IEG on the London Stock Exchange and various group acquisitions and disposals, including the sale of IEG and its integration into an Australian and Canadian quoted company. The Board consider Dawn's impressive breadth of experience and knowledge gained at IEG will complement the balance of skills among the existing directors.

Elisha Flax will be stepping down from the Board and his roles as Chairman of the Nominations Committee and member of the Audit Committee and Remuneration Committee at the conclusion of the AGM, having served for eight years as a non-executive director of the Company. Therefore Elisha will not be offering himself for re-election to the Board at the AGM. The Board thanks Elisha for his invaluable contribution and wishes him the best for the future.

In light of the proposed directorate changes, Nigel Jones will serve on the Remuneration Committee in place of Elisha, effective at the conclusion of the AGM.

Enquiries:

PPHE Hotel Group Limited
Boris Ivesha, President & Chief Executive Officer	Tel: [phone]
Chen Moravsky, Deputy Chief Executive Officer & Chief Financial Officer	Tel: [phone]
Hudson Sandler Public Relations
Wendy Baker / Katie Matthews	Tel: [phone]

Notes to editors

PPHE Hotel Group Limited is a Guernsey registered company and through its subsidiaries, jointly controlled entities and associates, owns, leases, operates, franchises and develops full service upscale and lifestyle hotels in major gateway cities and regional centres, predominantly in Europe.

The majority of the Group's hotels operate under two distinct brands, Park Plaza^® Hotels & Resorts and art'otel^®. The Group has an exclusive licence from Carlson, a global privately held hospitality and travel company, to develop and operate Park Plaza^® Hotels & Resorts in Europe, the Middle East and Africa. The art'otel^® brand is fully owned by the Group.

The Group has a minority ownership interest in the Arenaturist group, one of Croatia's leading hospitality companies.

The portfolio of owned, leased, managed and franchised hotels comprises 38 hotels in operation offering a total of more than 8,300 rooms. The development pipeline includes five new hotel projects and one hotel extension and reconfiguration. These developments are expected to add nearly 1,100 rooms to our portfolio by the end of 2016 and an additional 500 rooms by the end of 2019.

Our Company:
www.pphe.com

Our Hotel Brands:
www.parkplaza.com
www.artotels.com
www.arenaturist.com

For images and logos visit www.vfmii.com/parkplaza

 

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