Apple Leisure Group Names Alejandro Reynal Chief Executive Officer

USA, Newtown Square, Pennsylvania. October 16, 2019

Apple Leisure Group®, ("ALG"), one of the world's leading travel, leisure and hospitality management groups, announced today the appointment of Alejandro Reynal as Chief Executive Officer. In a planned transition, Reynal will succeed Alex Zozaya, who will serve in a full-time capacity as Executive Chairman and lead the Board of Directors. Both appointments are effective September 3, 2019.

In his new role, Reynal will oversee ALG which is comprised of a collection of leading subsidiary companies including AMResorts®, an award-winning resort brand management company with 66 branded resorts; destination management service providers Amstar DMC and Worldstar®; a portfolio of leading vacation brands including Apple Vacations®, Travel Impressions®, CheapCaribbean.com® and Funjet Vacations®; the Unlimited Vacation Club® loyalty program; and technology provider, TriSept Solutions®.

"It gives me great pleasure to welcome Alejandro to ALG as we enter the next phase of the company's evolution and growth," said Zozaya. "Over the past 20 years, I have had the privilege to participate in the many stages of ALG's exciting trajectory - from the creation of AMResorts, a leading provider of exceptional vacation experiences in Mexico, the Caribbean, Costa Rica and Panama, to the Group's entrance into Europe. I am confident Alejandro will drive innovation across ALG globally, execute the Group's long-term growth strategy, and bring our vision for the future to life. This is a long-planned transition in which I will remain actively engaged and invested in ALG, and will focus on supporting Alejandro, as well as identifying and executing strategic initiatives for the company." Zozaya, added, "We are fortunate to have an outstanding leadership team that already represents the best of the best in travel distribution, destination management, resort management and vacation club operations. I want to personally thank the ALG Executive Committee for their contributions, especially our President John Hutchinson, who has been my right hand and an invaluable resource for the past two years."

Reynal boasts a long-standing international professional career, having worked in the United States, Europe, and Latin America. Previously, he served as CEO of Atento (NYSE: ATTO), a global provider of customer relationship management and business process outsourcing services, where he led the company to an initial public offering in 2014. During Reynal's seven years as CEO, Atento became recognized as a leading provider of customer experience solutions, as well as recognized as one of the "25 World's Best Multinational Workplaces" by Great Place to Work® in five different years. Earlier in his career, Alejandro held management positions at Telefonica, The Coca-Cola Company and The Gap, Inc. Reynal has a bachelor's and master's degree in Mechanical Engineering from the Georgia Institute of Technology, and an M.B.A. from the Harvard Business School.

"I am honored and excited to be joining ALG as its CEO, and I am grateful for Alex's and the Board's confidence in my leadership and long-term vision for the company," said Reynal. "ALG and its collection of leading subsidiaries have an outstanding reputation for fostering innovation and attending to the needs of its customers and business partners, thanks to their unique value proposition and experienced management team. I am convinced that ALG has tremendous potential for continued growth, and I look forward to building on this legacy as well as working with ALG's executive committee and all its employees to do great things for our customers."

"We want to thank Alex for the extraordinary progress he has made in positioning ALG as a leader in the travel and hospitality industries, and we are excited about the future of the company under Alejandro's leadership," said Eric Resnick, a Member of the ALG Board of Directors. "We are confident Alejandro will be a strong complement to the ALG executive committee who collectively bring decades of experience managing leading global airline, hotel and travel brands," added Paul Raether, a Member of the ALG Board of Directors.

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