Kerzner International Names New President and Chief Executive Officer

DUBAI, UNITED ARAB EMIRATES - Media OutReach - 9 August 2016- Kerzner International Holdings (KIH), the leading international developer and operator of destination resorts, ultra-luxury hotels and residences, today announced the appointment of Jean-Gabriel Pérès as its new President and Chief Executive Officer.

Jean-Gabriel Peres appointed new President and Chief Executive Officer of Kerzner International Holdings

As the outgoing CEO of Mövenpick Hotels & Resorts, Jean-Gabriel has overseen the daily operations of the 16,000-staff hotel management company for 17 years. His role was instrumental in driving the global expansion of the company into Europe, Africa, the Middle East, and Asia.

"Jean-Gabriel joins us at a very opportune moment in our journey as we embark on an accelerated growth and expansion plan to take Kerzner to new places around the world, from China to Mexico and beyond," says His Excellency Mohammed Al Shaibani, Executive Director and CEO of Investment Corporation of Dubai, and Chairman of Kerzner International.

Jean-Gabriel possesses an international work experience that spans more than 30 years in the upscale hospitality and luxury retail industries, with deep knowledge of the Middle East and Asia. Prior to joining Mövenpick, he spent 11 years with Le Méridien Hotels & Resorts, following his tenure with engineering firm Matra/Lagardere Group, now known as EADS, where he led strategic partnerships in the United States and the Middle East.

"Throughout his career, Jean-Gabriel has carved his expertise in building exemplary corporate cultures, achieving customer satisfaction, and driving superior returns for the companies he worked at," Al Shaibani added. "I look forward to seeing KIH prosper and grow its global footprint under his stewardship."

Born and raised in France, Jean-Gabriel holds a Master in Business Administration from the prestigious ESSEC Business School in Paris. He serves on the Boards of Directors of several corporations and has been an active member of the World Travel and Tourism Council.

Jean-Gabriel's official start date with Kerzner will be announced in due course.

Image

Jean-Gabriel Peres appointed new President and Chief Executive Officer of Kerzner International Holdings

http://release.media-outreach.com/i/Download/5282

Company logo

http://release.media-outreach.com/i/Download/5281

About the Investment Corporation of Dubai

ICD was established in May 2006 by decree (11) of 2006 under a mandate to consolidate and manage the Government of Dubai's portfolio of commercial companies and investments. It also provides strategic oversight by developing and implementing investment strategy and corporate governance policies with an objective to maximize stakeholder value, for the long-term benefit of the Emirate.

ICD, as the principal investment arm of the Government of Dubai currently has a portfolio that represents a cross-section of Dubai's most recognised companies, in sectors that the Government of Dubai has deemed to be strategic for the continued development of the Emirate. The sectors include: Financial services, Transportation, Energy and Industrial, Real Estate and Leisure, Retail and other Holdings.

For more information about ICD please visit www.icd.gov.ae

About Kerzner International Holdings

Kerzner International Holdings Limited, through its subsidiaries, is a leading international developer and operator of destination resorts, ultra-luxury hotels and residences and innovative entertainment and gaming experiences. Kerzner's flagship brand Atlantis, includes Atlantis, The Palm, Dubai, a 1,500-room, water-themed resort on The Palm, overlooking the Arabian Sea and mainland Dubai; and Atlantis, Sanya Hainan in China, under development, as well as The Royal Atlantis Resort and Residences in Dubai.

Under the One&Only brand, Kerzner manages nine of the top-rated luxury resort properties in the world, located in The Bahamas, Mexico, Mauritius, the Maldives, South Africa, Dubai and Australia. Additionally, Mazagan Beach & Golf Resort, a 500-room destination golf and casino resort in Morocco, is also operated by Kerzner. For more information concerning Kerzner and its operating subsidiaries, visit kerzner.com.