Alex Kyriakidis to Head Marriott's Middle East & Africa Division Where Company Plans Major Expansion
With the Middle East and Africa (MEA) division of Marriott International, Inc. (NYSE: MAR) planning to double its hotels over five years, the company today announced that Alex Kyriakidis, a top global executive at Deloitte LLP, has been named president and managing director of the division, effective January 1, 2012.
Mr. Kyriakidis, currently Deloitte’s global managing director for Tourism, Hospitality & Leisure, will be based in Dubai. With 33 hotels in 10 countries, the MEA division is poised for major growth: approximately 40 hotels are in Marriott’s hotel development pipeline in the region and plans include significant new development in sub-Saharan African markets.
Fluent in Arabic, English and Greek, Mr. Kyriakidis will lead Marriott’s team in the MEA, one of the company’s four continental operating divisions. He will oversee all aspects of the division’s business activities, including operations, sales and marketing, finance and hotel development. The company’s other continental divisions are the Americas, Europe, and Asia-Pacific.
Arne Sorenson, Marriott’s president and chief operating officer, said, “Alex brings exceptional business acumen, deep expertise in lodging, and focus on growth with a global mind set. He is the perfect leader to drive and manage our growth in the region.”
In his current position at Deloitte, Mr. Kyriakidis has led a team of 4,500 in a division that generates $700 million of revenues. His wide-ranging, 38-year career extends to 25 countries, with a particular focus on the European, Middle East and Africa, and Asia Pacific regions, and involves broad experience in strategic and financial planning, mergers and acquisitions and asset management.
A regular speaker at major conferences globally, Mr. Kyriakidis is a Fellow of the Arab Society of Certified Accountants, Fellow of the British Association of Hotel Accountants, and Fellow of the Institute of Chartered Accountants in England and Wales.
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