Kerzner International Announces New Strategic Leadership
Michael Wale Joins the Kerzner Board of Directors; Philippe Zuber Named Chief Executive Officer; Michel Checoury Takes on Additional Responsibility for Kerzner
Kerzner International Holdings Limited (the “Company”), the owner of the iconic Atlantis Resort and Residences and ultra-luxury One&Only Resorts brands worldwide, today announced a restructure of its strategic leadership team. Michael Wale, who has held the role of Chief Executive Officer since February 2018, has been invited to join the Board of Directors of Kerzner International and Philippe Zuber, the current Chief Operating Officer, will be leading the Company as Chief Executive Officer. Finally, Michel Checoury, who has held the position of Chief Financial Officer since October 2018, will be adding Chief Administrative Officer to his role.
“On behalf of the Board and all my colleagues, I would like to express my thanks to Michael for his solid leadership, commitment and hard work. He has built a strong foundation for the Company,” said His Excellency Mohammed Al Shaibani, Executive Director & CEO of Investment Corporation of Dubai, and Chairman of Kerzner International Holdings. “We wish him well in his new role and I am delighted that he will be joining us on the Board to continue the work of growing the Company.”
Michael made a significant impact in the time he led the business, including further strategic expansion and success of the current portfolio, continued innovation and improving colleague engagement. During Michael’s tenure, he introduced new resorts that truly redefine each destination, opening two unique resorts in Rwanda, One&Only Nyungwe House and One&Only Gorilla’s Nest, and Atlantis Sanya, China. He accelerated growth by introducing One&Only Private Homes at exclusive destinations around the world and signed another five confirmed resorts in the pipeline. Michael also ensured the success of the existing portfolio, with Kerzner resorts leading in RGI and ADR against their competitive sets. With a focus on technology, the Company introduced new websites for all brands, developed the Kerzner Integrated Platform to streamline connectivity with our travel partners, as well as developing an advanced guest profiling system. Michael’s leadership has always included a major focus on talent development and at Kerzner, he improved colleague engagement for the Company and built a thriving culture of continued development for the leaders of the future.
“I am incredibly proud of our team for all that has been accomplished at Kerzner International over the last two and half years. I am honoured to have worked with such amazing people and I know that we are well positioned for the future,” commented Michael Wale. “I am thrilled that I am able to continue to be part of the future of Kerzner going forward by joining the Board, who have always been so supportive during my tenure. I look forward to continuing to work closely with the Team and our partners and am excited for the future of the Company.”
Kerzner further announced the appointment of their new CEO, Philippe Zuber. Philippe originally joined Kerzner International in December 2015 as President and COO, One&Only Resorts, where he successfully launched the evolution of One&Only beyond award-winning beach resorts, to include Nature Resorts, Urban Resorts and One&Only Private Homes. In addition, Philippe introduced the new service philosophy of “We Create Joy” for both guests and colleagues, building a new culture at One&Only. He also led the successful multi-million-dollar rebirth of the iconic One&Only Le Saint Géran in Mauritius and introduced one of the first exclusive communities for guests to own a piece of One&Only in the legendary destination. He was also responsible for completely redefining the resort well-being experience with the introduction of an exclusive global partnership with leading health wellness and beauty expert brand, Chenot.
Most recently, he has served as the Chief Operating Officer for Kerzner International, also overseeing Mazagan Beach & Golf Resort and the iconic Atlantis brand globally. A leading brand ambassador, he has been focused on the guest experience across the Company—amazing experiences and everlasting memories, championing continued innovation across the collection and making key investments to continue to elevate the guest experience which resulted in Kerzner being a leader in guest satisfaction with continued increase of guest satisfaction year over year. He has also been integral to the continued strategic growth of the Company. As Kerzner has always been a pioneer in culinary experiences, Philippe has also focused on the portfolio’s food and beverage concepts, leading innovation of new destination dining experiences, entertainment and partnerships with world-renowned chefs.
Finally, Michel Checoury, who joined Kerzner International as Chief Financial Officer in October 2018, will be taking on the additional responsibility of Chief Administrative Officer. Michel has successfully driven strong financial results for the Company and has introduced elevated financial discipline across the business and supported the expansion of Kerzner’s global footprint. In addition to overseeing Finance, Michel will lead Development, Technical Services, Information Technology and Legal, reporting directly to Philippe Zuber. An industry veteran, he has extensive luxury experience across the globe including Aman, Mandarin Oriental, Jumeirah, InterContinental, Starwood and Euro Disney.
“Philippe has been instrumental in the success of the Company and I look forward to working with him as CEO. This is an extremely important time as the world re-opens for travel and we continue our accelerated growth and further expansion of our existing brands, Atlantis and One&Only. We are also aggressively introducing new brands and experiences around the world. Philippe has achieved outstanding guest satisfaction and worldwide recognition for our brands,” continued H. E. Mohammed Al Shaibani. “As we continue to strategically grow our existing portfolio, I am incredibly pleased to have such experienced executives to support our business in both Philippe and Michel. I look forward to the continued growth of Kerzner International, further prosperity and an expanded strategic global footprint.”
Michael will transition from his role at the end of September.
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; and in development, The Royal Atlantis Resort & Residences in Dubai and Atlantis Ko Olina in Hawaii in the United States. Under the One&Only brand, Kerzner manages some of the most top-rated ultra-luxury resorts in the world, located in Mexico, Mauritius, the Maldives, South Africa, Dubai, Rwanda and Australia. Additionally, Mazagan Beach & Golf Resort, mazaganbeachresort.com, a 500-room destination golf and casino resort in Morocco, is also operated by Kerzner. For more information on our brands, please visit: atlantis.com or oneandonlyresorts.com. For more information on Kerzner International, please visit Kerzner.com.
Investment Corporation of Dubai
Investment Corporation of Dubai (ICD) is the principal investment arm of the Government of Dubai. It was established in May 2006 by decree (11) of 2006 and mandated with the consolidation and management of the Government of Dubai’s portfolio of commercial companies and investments. ICD was also assigned the provision of strategic oversight to portfolio companies through the development and implementation of effective corporate governance policies, and sound investment strategies. ICD is focused on maximizing stakeholder value for the long-term benefit of the Emirate.
ICD’s portfolio comprises some of Dubai’s most recognized companies and represents a cross-section of vital economic sectors that the Government of Dubai has deemed strategic for the continued development and growth of the Emirate. The sectors include financial services, transportation, energy and industry, real estate and construction, hospitality and leisure, retail, and other holdings. In addition, ICD has embarked on a disciplined and sustainable strategy of global investments, which are synergistic with its existing portfolio, to extend Dubai’s presence and expertise into international markets. For more information, please visit: http://www.icd.gov.ae/