Read us | Listen to us | Watch us | Join Live Events | Turn Off Ads | Live |

Click on your language to translate this article:

Afrikaans Afrikaans Albanian Albanian Amharic Amharic Arabic Arabic Armenian Armenian Azerbaijani Azerbaijani Basque Basque Belarusian Belarusian Bengali Bengali Bosnian Bosnian Bulgarian Bulgarian Catalan Catalan Cebuano Cebuano Chichewa Chichewa Chinese (Simplified) Chinese (Simplified) Chinese (Traditional) Chinese (Traditional) Corsican Corsican Croatian Croatian Czech Czech Danish Danish Dutch Dutch English English Esperanto Esperanto Estonian Estonian Filipino Filipino Finnish Finnish French French Frisian Frisian Galician Galician Georgian Georgian German German Greek Greek Gujarati Gujarati Haitian Creole Haitian Creole Hausa Hausa Hawaiian Hawaiian Hebrew Hebrew Hindi Hindi Hmong Hmong Hungarian Hungarian Icelandic Icelandic Igbo Igbo Indonesian Indonesian Irish Irish Italian Italian Japanese Japanese Javanese Javanese Kannada Kannada Kazakh Kazakh Khmer Khmer Korean Korean Kurdish (Kurmanji) Kurdish (Kurmanji) Kyrgyz Kyrgyz Lao Lao Latin Latin Latvian Latvian Lithuanian Lithuanian Luxembourgish Luxembourgish Macedonian Macedonian Malagasy Malagasy Malay Malay Malayalam Malayalam Maltese Maltese Maori Maori Marathi Marathi Mongolian Mongolian Myanmar (Burmese) Myanmar (Burmese) Nepali Nepali Norwegian Norwegian Pashto Pashto Persian Persian Polish Polish Portuguese Portuguese Punjabi Punjabi Romanian Romanian Russian Russian Samoan Samoan Scottish Gaelic Scottish Gaelic Serbian Serbian Sesotho Sesotho Shona Shona Sindhi Sindhi Sinhala Sinhala Slovak Slovak Slovenian Slovenian Somali Somali Spanish Spanish Sudanese Sudanese Swahili Swahili Swedish Swedish Tajik Tajik Tamil Tamil Telugu Telugu Thai Thai Turkish Turkish Ukrainian Ukrainian Urdu Urdu Uzbek Uzbek Vietnamese Vietnamese Welsh Welsh Xhosa Xhosa Yiddish Yiddish Yoruba Yoruba Zulu Zulu

Belmond names new President and Chief Executive Officer

0a1_2843
0a1_2843
Written by editor

HAMILTON, Bermuda – Belmond Ltd today announced that the Company’s Board of Directors has named Board member Roeland Vos as the Company’s President and Chief Executive Officer, effective immediate

HAMILTON, Bermuda – Belmond Ltd today announced that the Company’s Board of Directors has named Board member Roeland Vos as the Company’s President and Chief Executive Officer, effective immediately. Mr. Vos succeeds John Scott, who has resigned by mutual agreement with the Board and has also stepped down from the Board. Mr. Vos will remain on the Board of Directors.

“We are pleased to name Roeland the Company’s new permanent President and CEO,” said Roland Hernandez, Chairman of the Board of Directors. “Roeland has more than 30 years of hospitality experience, including 12 years as the president of the Europe, Africa and Middle East division of Starwood Hotels & Resorts Worldwide, where he increased the number of Starwood’s hotels in the region from 127 to 243, grew revenues to over $4 billion and managed a key region with approximately 45,000 employees. During his tenure, he led the establishment of the Arabella joint venture, resulting in long-term management contracts for 30 hotels, as well as the successful introduction of the W, St. Regis and Aloft brands in the region. Roeland also played a key role in the acquisition and integration of the Le Mèridien brand and in implementing an asset-light strategy, which generated over $2 billion in cash through the sale of hotels while retaining valuable long-term management contracts.”

Mr. Hernandez continued, “John Scott has led Belmond through a period of significant progress over the past three years, including rationalizing our portfolio, reducing costs, and developing our growth strategy. Under John, Belmond led a comprehensive rebranding effort, reinvested in core properties, strengthened its portfolio and enhanced its financial position, establishing a solid platform for the Company. I want to thank John for all of his efforts and we wish him the best in his future endeavors.

“As we focus on accelerating the pace of growth and realizing the tremendous potential of this Company, we are excited about the appointment of Roeland Vos. Roeland is the perfect CEO to grow the top-line and capitalize on the many opportunities that exist in a dynamic and rapidly changing industry. He is a strong strategic thinker, experienced hotelier and proven leader with a track record of delivering results.”

Mr. Vos said, “It’s a privilege to lead a Company with such an incredible collection of heritage properties. At the same time, I am excited by the tremendous amount of untapped potential. I look forward to continuing to work with the Board and Belmond’s management team to execute on our strategic plan and drive long-term shareholder value. Having worked with the executive team as a Belmond director, I have first-hand appreciation of the strength of Belmond’s global operating leadership. In keeping with Belmond’s long-term strategy, together we will focus on disciplined capital allocation, reinvesting in our properties, increasing the number of third party management contracts, and developing the Belmond brand as we drive top-line growth and profitability.”

Mr. Scott said, “Leading Belmond has been a great experience, and I want to thank all Belmond employees for their hard work and focus over the past three years. We have made great strides as a Company, while continuing to provide the most exceptional and unique luxury travel experiences in the world. My family and I are looking forward to returning to the U.S. after three years abroad, and I know that I am leaving the Company in very capable hands.”

The Company today also reaffirmed the guidance for the third quarter and full year 2015 that it provided in its second quarter 2015 earnings release issued on July 29, 2015, with the sole exception of central costs related to Mr. Scott’s departure and as described more fully in an 8-K that will be filed with the Securities and Exchange Commission.