HAMILTON, Bermuda, June 9, 2011 /PRNewswire/ --
- Two New Independent Directors Join Board
- Director Bob Lovejoy Named Chairman
Orient-Express Hotels Ltd. (NYSE:OEH, http://www.orient-express.com), owners or part-owners and managers of 50 luxury hotel, restaurant, tourist train and river cruise properties operating in 24 countries, today confirmed the election of eight directors to its Board of Directors at the Company's 2011 Annual General Meeting of Shareholders on June 9, 2011, including two new independent directors, and the appointment of a new Chairman of the Board.
The new directors are Harsha V. Agadi and Philip R. Mengel, and the incumbent directors re-elected are Jesse Robert (Bob) Lovejoy, Georg R. Rafael, John D. Campbell, Mitchell C. Hochberg, Prudence M. Leith, and Paul M. White. Bob Lovejoy, a director since 2000, was appointed as Chairman at a meeting of the Board of Directors immediately following the AGM.
Commenting on his appointment, Mr Lovejoy said, "My past 11 years with Orient-Express Hotels have been incredibly rewarding and it is an honor to have been named as Chairman. It is an exciting time for the Company. We have a growth strategy and business model that has the confidence of shareholders and investors. I look forward to working with my fellow Board members, our President & Chief Executive Officer, Paul White, and our employees around the world to guide the Company to further profitability and success."
As previously announced, the Company's outgoing Chairman, James B. Hurlock, and Founder, former Chairman and Director, James B. Sherwood, have both retired from the Board following the 2011 AGM. The Board expressed their deep gratitude to both gentlemen for their tireless dedication and long leadership of the Company.
The reappointment of Deloitte LLP as the Company's independent auditors and an increase in authorized Class A share capital of the Company were also approved by shareholders at the AGM.
Contact: Martin O'Grady Vice President, Chief Financial Officer Tel: +44-20-7921-4038 E: firstname.lastname@example.org Vicky Legg Director, Corporate Communications Tel: +44-20-7921-4067 E: email@example.com
SOURCE Orient Express Hotels Ltd