Kerzner Announces Executive Transition for Bahamas Business; George Markantonis to Succeed Paul O'Neil as President/Managing Dir
2005年6月2日 - 5:30AM
ビジネスワイヤ(英語)
Kerzner International Limited (NYSE:KZL) (the "Company"), a leading
international developer and operator of destination resorts,
casinos and luxury hotels, today announced the succession plan for
the Bahamas business in response to the retirement of
President/Managing Director Paul O'Neil. George Markantonis, who
joined the Company as President/Managing Director of Atlantis, The
Palm, Dubai in February 2004, will succeed Mr. O'Neil, who will
officially leave his post in early 2006. Mr. Markantonis will
assume his new position in September 2005 and will report directly
to Howard Karawan, President/Managing Director of the Company's
Destination Resorts business. Mr. Markantonis will be based in The
Bahamas. Butch Kerzner, CEO of the Company, commented, "From the
beginning of his tenure with the Company, Paul O'Neil made clear
his plan to retire in 2006. His leadership and outstanding team
have enabled the growth of our Paradise Island business over the
past five and a half years. Based upon Paul's desires and the
progress of our Phase III expansion project, this is an ideal time
to begin the transition to George's leadership of our Bahamian
businesses. While we can never replace Paul, we are very fortunate
that we have an executive within the Kerzner family whom we all
believe is the ideal successor. We are pleased to have a person
with George's extensive background in hotels and destination
resorts to take on this major responsibility." Since joining the
Company, Mr. Markantonis has played a key role in the planning and
development of Atlantis, The Palm, Dubai, the destination resort
and vast water-theme park that will extend the Atlantis brand into
one of the fastest growing tourist destinations in the world. With
Mr. Markantonis's promotion and move to The Bahamas, continued
development of Atlantis, The Palm, Dubai will be handled by Alan
Leibman, President/Managing Director of Kerzner's destination
resort casino development, Mazagan, in El Jadida, Morocco. Prior to
joining the Company, Mr. Markantonis was Senior Vice President of
Hotel Operations for Caesars Palace in Las Vegas, where he held
overall responsibility for day-to-day operations of the 2,500-room,
80-acre luxury resort. Howard Karawan noted, "This is a very
exciting time for the Company, especially for the Paradise Island
businesses. Construction of Marina Village at Atlantis, a 65,000
square foot project including four new restaurants and retail space
around the Atlantis Marina, is well underway and nearing
completion. We have recently begun construction of the expanded
water theme park and planning for the remaining elements of the
Phase III development is reaching an advanced stage. It was
paramount for us to ensure a strong succession plan, and Paul's
legacy of leadership combined with George's background and
experience will be a tremendous asset to the Paradise Island
operations." About The Company Kerzner International Limited
(NYSE:KZL) is a leading international developer and operator of
destination resorts, casinos and luxury hotels. The Company's
flagship brand is Atlantis, which includes Atlantis, Paradise
Island, a 2,317-room, ocean-themed destination resort located on
Paradise Island, The Bahamas. Atlantis, Paradise Island is a unique
destination resort featuring three interconnected hotel towers
built around a 7-acre lagoon and a 34-acre marine environment that
includes the world's largest open-air marine habitat and is the
home to the largest casino in the Caribbean. The Company also
developed and receives certain income derived from Mohegan Sun in
Uncasville, Connecticut, which has become one of the premier casino
destinations in the United States. In the United Kingdom, Kerzner
is currently developing a casino in Northampton and received its
Certificate of Consent from the U.K. Gaming Board on March 30,
2004. In its luxury resort hotel business, the Company manages ten
resort hotels primarily under the One&Only brand. The resorts,
featuring some of the top-rated properties in the world, are
located in The Bahamas, Mexico, Mauritius, the Maldives and Dubai.
An additional One&Only property is currently in the planning
stages in South Africa. For more information concerning the Company
and its operating subsidiaries, visit http://www.kerzner.com. This
press release contains forward-looking statements, which are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
involve risks and uncertainties which are described in the
Company's public filings with the U.S. Securities and Exchange
Commission. Investor inquiries regarding the Company should be
directed to Omar Palacios at +1.242.363.6018. Media inquiries
should be directed to Lauren Snyder at +1.242.363.6018.
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