CEO, Millennium & Copthorne Resigns
LONDON, UK, July 28, 2006. Millennium & Copthorne Hotels PLC today announces that Tony Potter, a main Board director for the past seven years - five years as Chief Operating Officer and two years as Chief Executive Officer - has decided to leave the Company to relocate outside the UK for family reasons.
Kwek Leng Beng, Chairman of Millennium & Copthorne, commented, "I have known Tony for seven years and am disappointed to see him leave, whilst I fully understand his reasons for doing so. I look forward to continuing to work with him while we find an appropriate replacement."
Tony Potter, Chief Executive of Millennium & Copthorne, commented, "I have had a very enjoyable seven years at Millennium & Copthorne and I am proud to be associated with the progress that the company has made. Whilst I am sorry to be leaving,I believe that now is the right time for me to take on new opportunities."
Millennium & Copthorne will be announcing its Interim Results for the half year to 30 June 2006 on 4 August 2006. At these results, it will confirm that the outlook for the year as a whole remains in line with the expectations set out in December 2005.
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