Belmond appoints former Starwood Hotels executive, Roeland Vos as CEO
Luxury hospitality and travel group 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. 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. 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.”
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.