BELMOND LTD. (NYSE:BEL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On November30, 2017, Belmond Ltd. announced that effective January 2018, the role of Chief Operating Officer, currently held by Philippe Cassis, will be divided into two newly-created positions. Mr.Cassis will have ongoing responsibility for the Project Management Office, New Builds & Transitions, Food& Beverage, and Engineering, which will provide him with continued oversight on various key strategic projects, in his new role as Senior Vice President, Organizational Support. On November30, 2017, the Company also announced the appointment of Daniel Ruff as Senior Vice President, Head of Global Operations, a role in which he will oversee the Company’s ongoing global operations upon his commencement.
Mr.Ruff, age 38, has served as President and Managing Director of Europe, the Middle East, Africa and India for Wyndham Hotel Group since November2014. Prior to joining Wyndham Hotel Group, Mr.Ruff held various roles in corporate investments and development, brand integration and operations and special projects during his eleven-year tenure at Starwood Hotels& Resorts Worldwide,Inc., including as Vice President, Asset Management and Vice President, Owner Relations& Portfolio Management. Mr.Ruff began his career as an investment banking analyst with Credit Suisse First Boston. Mr.Ruff will be entitled upon commencement to the Company’s customary executive officer severance and indemnification agreements as set forth in Exhibits 10.11 and 10.12 to the Company’s Form10-K for the year ended December31, 2014.
A copy of the Company’s news release is attached as an exhibit to this report and incorporated herein by reference.
ITEM 9.01. Financial Statements and Exhibits
99 News release of Belmond Ltd. dated November30, 2017, being furnished to the Commission.