– GREECE, Athens – Dolphin, a leading investor in high-end residential resorts in the Eastern Mediterranean, Caribbean and Central America, listed on the London Stock Exchange AIM Market, is pleased to announce that Andrew Coppel has been appointed to the Board of Directors as a Non-Executive Director. He will join the Strategy and Oversight Committee immediately and, effective 1 January 2016 on the retirement of Roger Lane Smith, will assume the roles of Senior Independent Director and Chairman of the Company’s Nomination and Governance Committees.
Mr Coppel, aged 65, has over 20 years’ experience within the hospitality and leisure sectors in chairman, CEO and/or senior board level roles, as well as being a non-executive director of one of the UK’s largest residential housebuilders.
Most recently, from 2011 to 2015, Mr Coppel was CEO of De Vere Group, one of the largest hotel and leisure groups in the UK, having joined the business initially as executive chairman in March 2010. As CEO, he led a team in turning round the group, building value through operational and investment initiatives, and crystallising that value principally through the sales of the three main divisions to US private equity firms. This resulted in the repayment to Lloyds Banking Group of over £1bn.
Mr Coppel was chairman and CEO of McCambridge Group from 2008 to 2009 and CEO of Jockey Club Racecourses from 2004 to 2007. In 1993, he joined Queens Moat Houses, one of the largest hotel groups in Europe, where he was group CEO until 2003. From 1990 to 1993 he was chairman and CEO of Sale Tilney.
In a non-executive capacity, he was the first chair of Tourism Ireland for seven years (2001-2007), chair of London Irish Rugby Football Club (2008-2011) and a non-executive director of Crest Nicholson (2009-2011). He also sat on Lloyds Bank’s Advisory Board on Ireland.
Mr Coppel was awarded a CBE in 2009 for services to Irish tourism.
Laurence Geller, Non-Executive Chairman of Dolphin’s Board of Directors, stated: “When considering the qualifications for this Board appointment we had extensive consultations with investors and professionals alike and are delighted to have Andrew Coppel join the Board of DCI. He is both highly regarded and respected in the UK public markets and his professional operating and public company experiences complement those of both the Board and our Investment Manager. We look forward to working closely with him as we continue on the path of DCI’s transformation in accordance with our strategic plan.”
Miltos Kambourides, Founder of Dolphin and Managing Partner of Dolphin Capital Partners, stated: “We are excited to be strengthening the DCI Board with the addition of Andrew, a seasoned resort, tourism and real estate professional, who will bring valuable experience and insights to the Company. We look forward to working with Andrew towards implementing our refocused strategic plan as we continue to transform DCI to create maximum shareholder value.”
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