Millenium's Profit Soars, CEO Quits
AUGUST 7, 2007. Millennium & Copthorne has posted a 44-percent rise in second-quarter profits. The luxury hotel group has also started looking for a new CEO after Peter Papadimitropoulos left the job after less than six months in the role.
The upscale hotel brand said Papadimitropoulos' departure is with immediate effect and "by mutual consent." Wong Hong Ren, an executive director, will act as interim group CEO. Pretax profit rose from 35.4 million pounds from 24.6 million pounds for the three months to June 30. The outlook for the year also remains positive and in line with its expectations. "Overall, the half-year results were strong, particularly in London, New York and Singapore, where we have experienced buoyant market conditions," Chairman Kwek Leng Beng said in a statement. "The outlook for the year as a whole remains positive and our expectations are unchanged
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 
