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, named James B. Hurlock non-executive Chairman of the Board.
James Hurlock succeeds James B. Sherwood, founder of the company which announced in December 2006 that he would step down from the chairmanship following today's Annual General Meeting. Mr. Sherwood, who founded Orient-Express Hotels in 1976, will remain as a non-executive director with the designation 'director and founder'.
James Hurlock has served on the Orient-Express Hotels Board since May 2000 and serves on its nominating and governance, audit and compensation committees. He is a partner (retired) of White and Case LLP, attorneys, where he was Chairman of the Management Committee from 1980 to 2000, overseeing the firm's worldwide operations. He has particular expertise in corporate governance.
The Board of Orient-Express Hotels expressed its deep gratitude and admiration to James Sherwood for his 31 years of leadership, which saw Orient-Express Hotels grow from small beginnings with the acquisition of the carriages of the Venice Simplon-Orient-Express and the Hotel Cipriani in Venice, to a company which today has a diversified portfolio of lodging and travel assets. It expressed confidence in the company going forward and believes the current strategy places the company well for continued success.
The Board further commented that it is making good progress on the appointment of a Chief Executive Officer.
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