Dalata Hotel Group PLC: Appointment of Group Chief Financial Officer (1184915)
April 15 2021 - 1:00AM
UK Regulatory
Dalata Hotel Group PLC (DAL,DHG)
Dalata Hotel Group PLC: Appointment of Group Chief Financial Officer
15-Apr-2021 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Appointment of Group Chief Financial Officer
Ms Carol Phelan appointed CFO effective 1 July 2021
ISE: DHG LSE: DAL
Dublin and London | 15 April 2021: Dalata Hotel Group plc ("Dalata" or the "Group" or the "Company"), the largest hotel
operator in Ireland with a growing presence in the United Kingdom, announces the appointment of Ms Carol Phelan as
Group Chief Financial Officer ("CFO") effective 1 July, 2021.
Ms Phelan's appointment follows the announcement on 2 March 2021 that Dermot Crowley, Deputy Chief Executive Officer
("CEO") - Business Development & Finance is to succeed Pat McCann as CEO.
About Carol Phelan
Ms Phelan joined the Company in 2014 and was appointed as Group Head of Financial Reporting, Treasury and Tax in 2017.
During her time with the Group, Ms Phelan has played a leading role within the finance team; responsible for the
development of the financial reporting function during a period of rapid growth and expansion. She also led the
refinancing of the Group's debt facilities in 2018 and has been centrally involved in maintaining the Group's financial
strength and liquidity during the COVID-19 pandemic. Prior to joining Dalata Ms Phelan held senior finance positions in
Ion Equity and KPMG. She is a qualified Chartered Accountant.
John Hennessy, Dalata Chairman commented:
"We are delighted to announce the appointment of Carol Phelan as Group CFO. Since joining Dalata in 2014, Carol has
played a pivotal role in the development of the Dalata financial reporting, tax planning and treasury functions. The
strength of these functions has been demonstrated over the last 12 months as the Group dealt with the impact of
COVID-19.
We pride ourselves in Dalata on the quality of our people across the business and of our support of their development
and I am very pleased that we are in a position to internally fill the CFO role with someone of Carol's calibre who has
developed within Dalata."
Dermot Crowley, CEO Designate added:
"Carol has played a central role within the finance team over the last number of years in what was a period of
substantial growth for the business; and, more recently, during a period of unprecedented challenge for our industry.
She brings her extensive experience and ability to the role and I look forward to continuing to work alongside Carol in
her new position of CFO."
Carol Phelan, CFO Designate concluded:
"I am honoured to have been chosen as the new Group CFO of Dalata. This is an important time for the business as we
continue to deal with the impact of COVID-19, while ensuring we progress with our development and expansion plans,
particularly across the UK. I look forward to working with Dermot and the rest of the Dalata team into the future as we
emerge in a strong position from the current crisis and continue to deliver on our ambitious plans."
-ENDS-
About Dalata
Dalata Hotel Group plc was founded in August 2007 and listed as a plc in March 2014. Dalata has a strategy of owning or
leasing its hotels and also has a small number of management contracts. The Group's portfolio now consists of 29 owned
hotels, 12 leased hotels and three management contracts with a total of 9,261 bedrooms. In addition to this, the Group
is currently developing 13 new hotels and has plans to extend four of its existing hotels, adding close to 3,300
bedrooms in total. This will bring the total number of bedrooms in Dalata to over 12,500. For the full year 2020,
Dalata reported revenue of EUR136.8 million and a loss after tax of EUR100.7 million. Dalata is listed on the Main Market
of Euronext Dublin (DHG) and the London Stock Exchange (DAL). For further information visit: www.dalatahotelgroup.com
Contacts
Dalata Hotel Group plc investorrelations@dalatahotelgroup.com
Pat McCann, CEO Tel +353 1 206 9400
Dermot Crowley, CEO Designate
Sean McKeon, Company Secretary and Head of Risk and Compliance
Niamh Carr, Investor Relations Manager
Joint Group Brokers
Davy: Anthony Farrell Tel +353 1 679 6363
Berenberg: Ben Wright Tel +44 20 3753 3069
Investor Relations and PR | FTI Consulting Tel +353 86 401 5250
Melanie Farrell dalata@fticonsulting.com -----------------------------------------------------------------------------------------------------------------------
ISIN: IE00BJMZDW83, IE00BJMZDW83
Category Code: MSCL
TIDM: DAL,DHG
LEI Code: 635400L2CWET7ONOBJ04
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 99146
EQS News ID: 1184915
End of Announcement EQS News Service
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