MANDARIN ORIENTAL
INTERNATIONAL LIMITED
COMPANY BOARD
CHANGES
Mandarin Oriental International
Limited (the 'Company') is pleased to announce the following
changes to the Board:
Fabrice Megarbane will join the Board
of the Company as an Independent Non-Executive Director with effect
from 1 August 2024.
John Witt, Group Managing Director of
Jardine Matheson, will step down as a Director from the Company's
Board and as a member of the Remuneration and Nominations
Committees. Adam Keswick will step down from the Nominations
Committee and Graham Baker will step down from the Remuneration
Committee. Adam remains as a Director. These changes will all take
effect from 22 July 2024.
The Company is also announcing that
Sean Ward will be appointed as Company Secretary, with effect from
22 July 2024, succeeding Jonathan Lloyd.
Fabrice Megarbane is the Chief Global
Growth Officer of L'Oréal. He was previously President and CEO of
L'Oréal North Asia and CEO of L'Oréal China and serves on its
global executive committee. He managed a combined revenue of more
than EUR10 billion, which accounts for over 25 percent of L'Oréal's
global business, and an organisation of 20,000 people. Fabrice started
his marketing career at L'Oréal S.A. in 2000. He brings
multi-market experience, combining emerging and developed markets,
including Europe, the Middle East, Africa, Germany, China and now
North Asia.
Commenting on these changes, Chair Ben
Keswick said: "I am pleased to welcome
Fabrice to our Board, which will benefit from his extensive
experience at L'Oréal. He is an accomplished
and passionate marketer and brand builder with a deep consumer
focus and extensive experience in digital
transformation.
We will continue to enhance the
composition of our Board, bringing in relevant expertise to help
our management team deliver on their strategy and build long-term
shareholder value.
I would also like to thank John and
Jonathan for their service to the Board."
Jonathan Lloyd, Jardine Matheson
Limited
For and on behalf of Mandarin Oriental
International Limited
16th July 2024
www.mandarinoriental.com