Millennium & Copthorne Hotels Regulatory News (MLC)

14 Mar 2007 12:00

Millennium & Copthorne Hotels PLC14 March 2007 14 March 2007 Millennium & Copthorne Hotels plc Appoints CEO of North America Millennium & Copthorne Hotels plc (M&C) is pleased to announce the appointmentof John Arnett, as Chief Executive Officer of North America and a member of theBoard. Mr Arnett will take up his post immediately and will join the Board atthe next Board meeting on 3 May 2007. Mr Arnett will report to Peter Papas andwill assume responsibility for the day to day operation of all M&C's NorthAmerican operations. Mr Arnett (53) has worked in the hospitality industry for 30 years, mostrecently as President of the Kor Hotel Group in Los Angeles, where he led theGroup's expansion of its luxury hotels and resorts. Prior to that, Arnett workedfor over 10 years at the Kimpton Hotel and Restaurant Group, where as SeniorVice President, he oversaw the operations and profitability of 37 Kimpton Groupproperties, while guiding the transition of new assets into stable operatingbusinesses. Earlier, he served as Kimpton's Vice President of Acquisitions andProperty Transformation, contributing to numerous acquisitions throughout the USand Canada. Arnett's background also includes the management operations ofluxury hotels and resorts including General Manager of the Ritz Carlton MaunaLani, Hawaii, where Arnett was the recipient of both the Five Diamond Hotel andRestaurant Award. Arnett also managed the flagship Ritz Carlton Buckhead inAtlanta; and managed resorts in Minnesota and Arizona. He has a degree inBusiness Administration from the University of Denver. Peter Papas, Group Chief Executive of M&C, commented: "I am delighted to announce the appointment of John as CEO of our North Americanoperations. His vast experience, knowledge, reputation and networks in thehospitality industry and US hotel market will be invaluable as we capitalise onthe significant opportunities open to us in this key region over the mediumterm. The hiring of John is a clear intention of our ambitions as a Group andthe Board and I look forward to working with him." The company confirms that that there are no further matters requiring disclosure inrelation to paragraphs 9.6.13 (2) to (6) of the listing rules. For further information please contact: Peter Papas, Group Chief Executive +44 (0) 207 872 2444 Adrian Bushnell, Company Secretary Millennium & Copthorne Hotels plc Ben Foster/Charlie Watenphul +44 (0) 207 831 3113 Financial Dynamics This information is provided by RNS The company news service from the London Stock Exchange