Orient-Express Hotels Appoints New Chief Financial Officer
CHARLOTTE, NC, September 15, 2005. Orient-Express Hotels Ltd. announces the appointment of Paul M. White as Vice President, Finance and Chief Financial Officer of the company. He will replace James G. Struthers who has held the position since April 2000.
Mr James B. Sherwood, Chairman, said "I thank James Struthers on behalf of the board and the shareholders for his tremendous work over the last five years. During this period the company has been transformed by a steady stream of acquisitions in which he was deeply involved, including our investment in the Grand Hotel Europe, St Petersburg, earlier this year. We will be sad to lose him and we wish him well for the future." Struthers will be joining a private equity group based in California.
Simon Sherwood, President, said "I congratulate Paul White on his new role. It is a natural transition for Paul who was Financial Controller for Orient-Express Hotels for 7 years prior to spending the last few years gaining hands-on operating experience in his current role as Vice President - Hotels, Africa, Australia and South America. The combination of his financial background, his in-depth knowledge of our company and his line experience both as a hotel manager and Vice President make him an ideal candidate for the role."
Mr Sherwood added "James Struthers and Paul White plan a thirty day transfer period to ensure a smooth hand-over, so Paul White will formally take over the position of Chief Financial Officer in mid-October."
Paul M. White (ACMA) started his hotel career in the UK with Forte. He joined Orient-Express Hotels in 1991 and was the company's Financial Controller for seven years before becoming Director of Operations, Hotels, Africa, Australia & South America. He was appointed Vice President of the region in May 2000. Paul is 41 years old and lives in London with his wife and two sons.
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