Kerzner International appoints new CFO

Amy Horsfield By Amy Horsfield
03 January 2019 | Updated 03 January 2019

Bahamas: Kerzner International Holdings has appointed Michel Checoury as chief financial officer (CFO).

With  more than 30-years' experience in audit, finance and financial management, Michel  Checoury has joined Kerzner International, which manages a portfolio of entertainment destination resorts, luxury hotels and residences, and entertainment experiences.

Checoury was previously the chief financial officer of Movenpick Hotels & Resorts, overseeing a portfolio of 85 properties in 27 countries. He also held senior financial roles at Mandarin Oriental, Jumeirah, InterContinental, Starwood and Euro Disney.   

The appointment comes at a time of change for the company. Opening in February, the $1.6 billion Atlantis, Sanya resort in China, with partner, Fosun, will join the flagship Atlantis, The Palm resort in Dubai. The One&Only portfolio is also evolving, with the opening of One&Only Nyungwe House in Rwanda.

Michael Wale, chief executive officer of Kerzner International, said: "I am delighted that Michel has joined us at this pivotal time of strategic growth and further expansion of our existing brands, Atlantis and One&Only. Michel has been very successful in driving strong financial results in industry-leading hospitality companies. He has extensive luxury experience and will add a new dimension to our leadership team, driving fiscal discipline within all aspects of Kerzner International, and supporting the expansion of our global footprint."

Checoury added: "Kerzner International is an exciting business and I am thrilled to be joining the company.  Both Atlantis and One&Only are globally recognised brands with strong financial performance.  I look forward to continuing to build and grow long-term financial success for the Company and being part of the Team that leads Kerzner into the future."

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