SINGAPORE – The recently privatised Millennium & Copthorne Hotels Ltd has set itself the task of driving performance enhancements under its new CEO, Clarence Tan, who was most recently the managing director for South-east Asia and Korea with InterContinental Hotels Group (IHG).
Millennium & Copthorne Hotels Limited (M&C) is the wholly-owned hospitality subsidiary of City Developments Limited (CDL) with a global hotel portfolio which encompasses 150 hotels and 43,500 rooms worldwide.
Mr Tan’s appointment is effective from 2 April.
Kwek Leng Beng, executive chairman of CDL and M&C, said, “As a veteran hotelier with a wealth of international experience in hotel operations, management and finance,[Mr Tan’s] leadership will be critical in navigating M&C through near-term global and macroeconomic challenges, as well as driving portfolio performance enhancements through significant cost-efficiency initiatives and building brand equity.”
CDL said Mr Tan’s appointment would “offer stability to M&C and comes at a time when the COVID-19 pandemic has significantly affected the global hospitality industry”.
Mr Tan, 52, added, “The evolving COVID-19 outbreak continues to greatly impact the hospitality industry globally. Amidst the operating challenges and uncertainty, I see a significant opportunity to reshape M&C’s strategies and reposition the business.
“M&C has a distinctive asset portfolio with latent value to be unlocked. With teamwork and the right strategies, I believe that we will be able to overcome this difficult period and set a firm foundation to further grow our hospitality business.”