PPHE Hotel Group Limited Directorate Change (2322L)
September 04 2019 - 7:23AM
UK Regulatory
TIDMPPH
RNS Number : 2322L
PPHE Hotel Group Limited
04 September 2019
4 September 2019
PPHE Hotel Group Limited
(the "Company")
Directorate Change
PPHE Hotel Group Limited (the "Company"), an international
hospitality real estate company which together with its
subsidiaries owns and develops hotels and resorts, operates the
Park Plaza(R) brand in EMEA and owns the art'otel(R) brand,
announces changes to its board of directors (the "Board").
The Company is pleased to announce that the Board has appointed
Ken ("Kenneth") Bradley as a non-executive director of the Company,
with his appointment taking immediate effect. Ken will also be a
member of the Audit Committee, the Nomination Committee and the
Remuneration Committee.
Ken is a former Chief Country Officer of both RBSI and Barclays
Bank. Ken brings a wealth of financial and managerial experience,
having joined the RBS Group in 1988, where he spent twenty years in
a range of management roles with a focus on Corporate and
Institutional Banking and Risk management. Ken was Island Director
at RBS Group until 2009, overseeing the business in Guernsey.
Ken subsequently joined Barclays Bank where he was Guernsey
Island Director and Chief Country Officer until 2017, responsible
for Barclays Wealth's Banking and Trust business in Guernsey, and
with responsibilities extending to the Fiduciary Banking segment in
various other locations. During his career, Ken held a variety of
leadership roles covering all aspects of offshore corporate and
commercial banking and management. This has included developing and
executing various business segment strategies and sitting on
various subsidiary boards and overseas services executive
committees.
Ken also has an MBA from Warwick Business School and has
completed the Institute of Directors certificate and diploma in
Company Direction.
Ken has been appointed following an extensive recruitment
process using an external search agency based in Guernsey. He has
also been assessed on merit against objective criteria having due
regard to the benefits of diversity and the needs of the Board,
including existing knowledge, skills and experience.
Eli Papouchado, Chairman at PPHE Hotel Group said: "Ken's
impressive breadth of experience and knowledge gained through a
long and successful career in banking will complement the balance
of skills among the existing directors. He brings an invaluable
combination of managerial and financial expertise , and we look
forward to welcoming him onto the Board."
No information is required to be disclosed under the Financial
Conduct Authority's Listing Rule 9.6.13.
Enquiries
PPHE Hotel Group Limited +31 20 717 8600
Daniel Kos, Chief Financial Officer & Executive
Director
Robert Henke, Executive Vice President Commercial
& Corporate Affairs
Tulchan
David Allchurch / Jessica Reid +44 207 353 4200
Notes to Editors
PPHE Hotel Group is an international hospitality real estate
company, with a GBP1.6 billion portfolio (valued as at summer of
2018) of primarily prime freehold and long leasehold assets in
Europe.
PPHE Hotel Group's guiding principle is to generate attractive
returns from operations and long-term capital appreciation.
Through its subsidiaries, jointly controlled entities and
associates it owns, co-owns, develops, leases, operates and
franchises hospitality real estate. Its primary focus is
full-service upscale, upper upscale and lifestyle hotels in major
gateway cities and regional centres, as well as hotel, resort and
campsite properties in select resort destinations.
PPHE Hotel Group benefits from having an exclusive and perpetual
licence from the Radisson Hotel Group, one of the world's largest
hotel groups, to develop and operate Park Plaza(R) branded hotels
and resorts in Europe, the Middle East and Africa. In addition,
PPHE Hotel Group wholly owns, and operates under, the art'otel(R)
brand and its Croatian subsidiary owns, and operates under, the
Arena Hotels & Apartments(R) and Arena Campsites(R) brands.
This multi-brand approach enables PPHE Hotel Group to develop and
operate properties across several segments of the hospitality
market.
PPHE Hotel Group is one of the largest owner/operators of hotels
in central London and its property portfolio comprises of 38 hotels
and resorts in operation, offering a total of approximately 8,800
rooms and 8 campsites, offering approximately 6,000 units. PPHE
Hotel Group's development pipeline includes two new hotels in
London and one in New York City which are expected to add an
additional 600 rooms by the end of 2022/2023.
PPHE Hotel Group is a Guernsey registered company with shares
listed on the London Stock Exchange and a constituent of the FTSE
250. PPHE Hotel Group also holds a controlling ownership interest
in Arena Hospitality Group, whose shares are listed on the Prime
market of the Zagreb Stock Exchange.
Company websites
www.pphe.com
www.arenahospitalitygroup.com
For reservations
www.parkplaza.com
www.artotels.com
www.arenahotels.com
www.arenacampsites.com
For images and logos visit
www.vfmii.com/parkplaza
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOABDGDCBDGBGCS
(END) Dow Jones Newswires
September 04, 2019 08:23 ET (12:23 GMT)
Pphe Hotel (LSE:PPH)
Historical Stock Chart
From Apr 2024 to May 2024
Pphe Hotel (LSE:PPH)
Historical Stock Chart
From May 2023 to May 2024