New Chief Financial Officer joins the executive team at Mövenpick & Resorts

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Global hospitality company recruits experienced finance professional Michel Checoury

Bangkok, Thailand, 2 August, 2017 – Mövenpick Hotels & Resorts has appointed a new Chief Financial Officer (CFO) to its executive team. Accomplished finance professional Michel Checoury brings more than 30 years of global experience to the role.

Michel, who has an MBA in Finance from Paris XII University, has spent his entire career working in senior financial positions for hospitality brands across the world including Mandarin Oriental, InterContinental Hotels Group, Hotels & Resorts, the Jumeirah Group, as well as Disneyland Paris.

He joins the Mövenpick leadership team from where he has been CFO since 2014, responsible for the finance function of the firm’s entire portfolio of 31 properties across 19 countries.

Michel will report to the company’s President & CEO, Olivier Chavy.

“Michel brings to the role a wide range of advanced technical and commercial experience, gained with some of the world’s biggest hospitality brands. His expertise will prove invaluable to the finance and executive teams, particularly as Mövenpick continues to expand its portfolio across Europe, Africa, Asia and the Middle East at a rapid pace,” said Chavy.

“I’d like to extend a very warm welcome to Michel on behalf of the entire ExCom team. We look forward to having him on board.”

Checoury will be responsible for aligning strategic planning processes, the ongoing implementation of Mövenpick’s successful business model and supporting all finance-related decisions and functions.

He is familiar with where he will be based, having worked for the Jumeirah Group as Resort Director of Finance until 2008 before moving to Mandarin Oriental as Regional Director of Finance EMEA, prior to joining Aman Resorts.

Michel, who is a French national, is married and has two grown-up children.

For further information or high-resolution photography, please contact:

Sarah Fernandez Director of Marketing Communications Asia Mövenpick Hotels & Resorts Two Pacific Place, Level 18, Suite 1803, 142 Sukhumvit Road | Bangkok, Thailand Phone: +66 2 254 2024-6 | Fax: +66 2 653 2302 | E-mail: [email protected]

Laura Perez Diaz Mövenpick Hotels & Resorts Shatha Tower Floor 39, Office 3903 | , United Arab Emirates Tel: +971 4 365 4712 E-mail: [email protected]

About Mövenpick Hotels & Resorts: Mövenpick Hotels & Resorts, an international upscale management company with over 16,000 staff members, is represented in 24 countries with over 80 hotels, resorts and Nile cruisers currently in operation. Around 20 properties are planned or under construction, including those in Chiang Mai (Thailand), Al Khobar (Kingdom of Saudi Arabia) and Basel (Switzerland). Focusing on expanding within its core markets of Europe, Africa, the Middle East and Asia, Mövenpick Hotels & Resorts specialises in business and conference hotels, as well as holiday resorts, all reflecting a sense of place and respect for their local communities. Of Swiss heritage and with headquarters in central Switzerland (Baar), Mövenpick Hotels & Resorts is passionate about delivering premium service and culinary enjoyment – all with a personal touch. Committed to supporting sustainable environments, Mövenpick Hotels & Resorts has become the most Green Globe-certified hotel company in the world. The hotel company is owned by Mövenpick Holding (66.7%) and the Kingdom Group (33.3%). For more information, please visit www.movenpick.com .

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