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8 Sep 2015 07:02
8 September 2015
Action Hotels PLC
("Action Hotels" or the "Company")
Directorate change
Action Hotels, the leading owner, developer and asset manager of branded three and four-star hotels in the Middle East and Australia, announces that Krish Sundaresan, Chief Financial Officer, will leave the Company with immediate effect. Krish is taking up the role of Chief Operating Officer at Dubai Investments PJSC, the largest listed investment company on Dubai's Financial Market starting 9 September 2015 but Krish will continue to assist Action Hotels where requested until a successor is appointed.
Alain Debare, Action Hotels CEO said,
"We are disappointed to see Krish leave Action Hotels. We are setting in motion a search for his successor. We have a strong finance function and are confident it will meet the Company's needs until a successor is appointed."
For more information contact:
Action Hotels PLC | Tel: +44 (0) 20 7907 9663 |
Alain Debare, Chief Executive Officer | |
Katie Shelton, Director of Corporate Affairs |
Investec Bank plc (NOMAD & Broker) | Tel: +44 (0) 20 7597 4000 |
Chris Treneman / David Anderson / Josh Levy |
Camarco (Press enquiries) | Tel: +44 (0) 20 3757 4980 |
Billy Clegg/ Jennifer Renwick/ Tom Huddart |
Notes to Editors
Action Hotels PLC
Action Hotels is a leading owner, developer and asset manager of branded three and four star hotels in the Middle East and Australia. Established in 2005, Action Hotels currently operates eight hotels with 1,488 rooms in aggregate across the Middle East and Australia, with further properties in development in both regions.
More information is available at http://www.actionhotels.com/
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