UK: Diageo adds Asia luxury market guru to board
By Olly Wehring | 22 June 2012
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Ho KwonPing will join Diageo's board in October |
Diageo has confirmed the addition of a new non-executive board member.
Ho KwonPing, chairman and founder of “lifestyle facility” company Banyan Tree Holdings, will join the company's board on 1 October, Diageo said earlier today (22 June). The appointment follows the retirement of Lord Hollick of Notting Hill and Paul Walker from the company's line-up of non-executive directors late last year.
Singapore Stock Exchange-listed Banyan Tree develops, owns and operates 30 hotels and resorts, around 60 spas, 80 retail galleries and two golf courses in around 30 countries. Formed in 1994, the group is looking to double its number of properties in the next three-and-a-half years.
Ho, who will also sit on Diageo's audit, nomination and remuneration committees, is also an advisor to the global investment bank Moelis & Co.
“Mr Ho has wide experience of building a leading luxury brand in Asia,” said company chairman Dr Franz Humer. “He brings to Diageo valuable new perspectives and a deep understanding of the Asian consumer. He also has substantial international experience.”
Once Ho takes his seat, Diageo's board will comprise eight non-executive directors.
For the full board line-up, click here.
Expert analysis
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Companies: Diageo
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