Mark Satterfield, Marriott International chief operating officer MEA, will relocate to the Protea Hospitality Group’s head office in Cape Town, South Africa, to oversee the integration of the two companies once the anticipated sale of the Protea Hotel Group (PHG) is concluded.
Alex Kyriakidis, president & managing director, Marriott International Middle East & Africa, to whom Satterfield will continue to report, commented: ”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,” said Kyriakidis.
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Upon completion of the anticipated sale, current Protea Hospitality Group CEO Arthur Gillis will move into the role of non-executive chairman, Africa Development, Marriott International, with his core focus exploring new development opportunities for 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 the transaction, announced on 7 November 2013, to close on April 1 2014.
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