Dr Stephen Riady, Executive Chairman of Singapore Exchange-listed Overseas Union Enterprise (OUE) Limited, announced the stepping down of Michael Sengol from his role as Chief Executive Officer of Meritus Hotels & Resorts, the hospitality division of OUE.
“Michael has delivered the business objectives I set for him, and I am grateful for his contribution that led to greater awareness for our heritage hospitality brand and the unprecedented financial results he achieved for the division since taking helm at Meritus,” said Dr Riady.
In 2010, Michael returned to Singapore after many years of being overseas to take on the challenge of turning around the Meritus brand. Under his leadership, the brand received numerous recognition in the industry for productivity and excellence.
Added Dr Riady, “As an organisation focused on driving growth, we intend to build on the successes that Michael has started for the hospitality division. Meanwhile, I wish Michael every success as he pursues his personal interests.”
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About Meritus Hotels & Resorts
Meritus Hotels & Resorts is the hospitality division of Singapore Exchange-listed Overseas Union Enterprise Limited (OUE) which is amongst the key property players in Asia, and one of the few integrated developers in Singapore boasting a complete portfolio of prime assets across the retail, commercial, residential, and hospitality sectors.
As a hospitality brand, Meritus is synonymous with Asian hospitality and heritage, with luxury properties strategically located in key cities and idyllic resort destinations in Singapore, Malaysia, and Mainland China. Its current portfolio includes the flagship Mandarin Orchard Singapore, Marina Mandarin Singapore, Meritus Pelangi Beach Resort & Spa Langkawi, Meritus Mandarin Haikou, and Meritus Shantou China.
Combining chic contemporary décor, comprehensive meetings, business and leisure facilities, and warm intuitive service, Meritus strives to consistently deliver an impeccable hospitality experience steeped in Asian grace, warmth, and care.