Mark Satterfield Takes Up Protea Leadership for Marriott
March 28, 2014 - Mark Satterfield, the chief operating officer of Marriott International's Middle East & Africa organisation, will be relocating to the Protea Hospitality Group's head office in Cape Town, South Africa.
Here he will act as business leader overseeing the integration of the two companies once the anticipated sale of the Protea Hotel Group is concluded.
Alex Kyriakidis, president and managing director for the Marriott International Middle East & Africa, to whom Satterfield will continue to report, said that Satterfield is the right choice to lead the transition in South Africa.
“Mark has vast experience both at hotel and group level; he has worked across the globe and I have no doubt that this expertise across financial and operational disciplines is exactly what we need going forward.
“Mark and a core team of executives will be joining the Protea Hospitality Group directors in South Africa to assist in growing the company and the brands, as well as managing the integration of all systems,” added Kyriakidis.
A native of the United States, Satterfield is a graduate of the Cornell University School of Hotel Management and served as an executive board member of the British Hospitality Association.
Upon completion of the anticipated sale, current PHG chief executive Arthur Gillis will move into the role of non-executive chairman, Africa Development, Marriott International, and his core focus will be exploring and realising new development opportunities for the respective Marriott International brands in Africa.
The remainder of the Protea Hospitality Group's directors will retain their current roles and portfolios.
The transaction remains subject to receipt of certain third party and governmental consents and satisfaction of other customary conditions for transactions of this kind.
Marriott International and the Protea Hospitality Group expect to close the transaction on April 1st, 2014.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
