HAMILTON, BERMUDA The founder and chairman of Orient-Express Hotels Ltd. have both announced plans to retire from the company’s board of directors.
Chairman James B. Hurlock, 77, and founder James B. Sherwood, 77, will not stand for reelection at the June annual meeting.
“Orient-Express has successfully managed through difficult challenges over the past few years, and the company is now well positioned for renewed growth as the economy continues to recover,” says Prudence M. Leith, chairwoman of the board’s nominating and governance committee. “Much credit for the company’s highly-respected brand and long-term track record rightly goes to both Jim Hurlock and Jim Sherwood. On behalf of the full board, I would like to thank them for their tireless dedication and long leadership of the company.”
Bob Lovejoy, 66, a director since 2000, is expected to take over as chairman. “I thank the board for its confidence in me. I look forward to working with Vice Chairman Georg Rafael and the rest of our very capable board to assist [CEO Paul White] and his team, who have performed extremely well over the last several difficult years. As a team we are eager to face the future challenges and opportunities of a rising global economy and extremely competitive travel market.”