18 Aug 2016 10:34
For immediate release 18 August 2016
MILLENNIUM & COPTHORNE HOTELS PLC
Appointment of Independent Non-Executive Director
Millennium & Copthorne Hotels plc ("M&C") is pleased to announce that Mr Daniel Desbaillets will be joining the Board as an Independent Non-Executive Director with effect from 14 September 2016. Mr Desbaillets is currently an Independent Non-Executive Director of M&C REIT Management Limited, the manager for CDL Hospitality Real Estate Investment Trust ("H-REIT"), and also of M&C Business Trust Management Limited, the trustee-manager for CDL Hospitality Business Trust ("HBT"). Both H-REIT and HBT are comprised as a stapled group in CDL Hospitality Trusts ("CDLHT") which is listed on the Singapore Exchange Securities Trading Limited. Mr Desbaillets is expected to resign from his present appointments on the H-REIT manager board and the HBT trustee-manager board with effect from 13 September 2016.
Mr Desbaillets has extensive hospitality experience. He has been in the hospitality industry since 1973 holding senior positions with InterContinental Hotel Group, Hilton and Shangri-La. He was appointed to the boards of CDLHT as an Independent Non-Executive Director in July 2010.
M&C Chairman Mr Kwek Leng Beng said, "On behalf of the Board, we are pleased that Mr Desbaillets has decided to join us as an Independent Non-Executive Director. This is a significant appointment, following our continual Board evaluation, which will enhance our strategic and hospitality experience at an uncertain time for the global economy. His experience will help the Board to further develop strategies and policies to achieve its ambitions."
No further information is required to be disclosed pursuant to LR 9.6.13R (1) to (6) in respect of Mr Desbaillets' appointment.
Enquiries: +44 (0)20 7872 2444
Jonathon Grech, Group General Counsel and Company Secretary
Peter Krijgsman, Financial Communications (Media)