President and CEO of Orient-Express Hotels Resigns
FEBRUARY 21, 2007. Orient-Express Hotels Ltd. (NYSE: OEH), owners or part-owners and managers of 49 luxury hotel, restaurant, tourist train and river cruise properties in 25 countries, today announced that President and Chief Executive Officer Simon Sherwood has tendered his resignation to pursue other interests.
He will remain in his current position until August 2007 to facilitate the handover of duties to a new chief executive and will not stand for re-election as a director of the company at its annual general meeting of shareholders, expected to be held in June 2007.
The Board of directors, while expressing regret at Simon Sherwood's decision, thanks him for thirteen years of service during which the shareholder value of the Company was significantly enhanced. The Board will now begin the search to recruit a new chief executive.
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