H World Group Limited Announces Change of Chief Financial Officer
H World Group (NASDAQ: HTHT and HKEX: 1179) has announced a change in its executive leadership. Mr. Jun Zou will step down as Chief Financial Officer on September 4, 2024, due to personal reasons. Ms. Hui Chen, the current Chief Compliance Officer, will assume the role of Chief Financial Officer effective the same date.
Ms. Chen brings extensive financial management experience in China's travel and hotel industries. She has a history with H World, having served in various financial roles since 2014, including a previous stint as CFO from May 2021 to December 2022. Her background also includes CFO positions at Cjia Group and Home Inns Group, as well as a finance director role at Trip.com. Ms. Chen holds a master's degree in management from Shanghai Jiaotong University.
H World Group (NASDAQ: HTHT e HKEX: 1179) ha annunciato un cambiamento nella sua direzione esecutiva. Il Sig. Jun Zou si dimetterà dalla carica di Chief Financial Officer il 4 settembre 2024, per motivi personali. La Sig.ra Hui Chen, attuale Chief Compliance Officer, assumerà il ruolo di Chief Financial Officer a partire dalla stessa data.
La Sig.ra Chen porta con sé una vasta esperienza nella gestione finanziaria nei settori dei viaggi e degli hotel in Cina. Ha una lunga carriera in H World, avendo ricoperto diverse posizioni finanziarie dal 2014, inclusa una precedente esperienza come CFO da maggio 2021 a dicembre 2022. Il suo background include anche posizioni come CFO presso Cjia Group e Home Inns Group, oltre a un ruolo di direttore finanziario presso Trip.com. La Sig.ra Chen possiede un master in gestione presso l'Università di Jiaotong di Shanghai.
H World Group (NASDAQ: HTHT y HKEX: 1179) ha anunciado un cambio en su liderazgo ejecutivo. El Sr. Jun Zou dejará su cargo como Director Financiero el 4 de septiembre de 2024, por razones personales. La Sra. Hui Chen, actual Directora de Cumplimiento, asumirá el cargo de Directora Financiera a partir de la misma fecha.
La Sra. Chen aporta una amplia experiencia en la gestión financiera en las industrias de viajes y hoteles en China. Tiene un historial en H World, habiendo ocupado varios roles financieros desde 2014, incluyendo un cargo anterior como CFO desde mayo de 2021 hasta diciembre de 2022. Su experiencia también incluye posiciones como CFO en Cjia Group y Home Inns Group, así como un rol de directora financiera en Trip.com. La Sra. Chen posee un máster en gestión de la Universidad Jiaotong de Shanghái.
H 월드 그룹 (NASDAQ: HTHT 및 HKEX: 1179)은 경영 리더십의 변화를 발표했습니다. 준조 씨는 개인적인 이유로 2024년 9월 4일 Chief Financial Officer 직에서 물러납니다. 현재 준법감시인인 후이 천 씨가 동일한 날짜에 Chief Financial Officer 역할을 맡을 예정입니다.
천 씨는 중국의 여행 및 호텔 산업에서 폭넓은 재무 관리 경험을 보유하고 있습니다. 그녀는 2014년부터 H 월드에서 여러 재무 직책을 역임했으며, 2021년 5월부터 2022년 12월까지 CFO로 근무한 경력이 있습니다. 그녀의 경력은 Cjia Group과 Home Inns Group에서 CFO를 역임한 것과 Trip.com에서 재무 이사 역할도 포함됩니다. 후이 천 씨는 상하이 교통 대학에서 경영학 석사 학위를 보유하고 있습니다.
H World Group (NASDAQ: HTHT et HKEX: 1179) a annoncé un changement dans sa direction exécutive. M. Jun Zou démissionnera de son poste de directeur financier le 4 septembre 2024, pour des raisons personnelles. Mme Hui Chen, l'actuelle directrice de la conformité, assumera le rôle de directeur financier à partir de cette même date.
Mme Chen possède une vaste expérience en gestion financière dans les secteurs des voyages et de l'hôtellerie en Chine. Elle a une longue expérience au sein de H World, ayant occupé divers postes financiers depuis 2014, y compris un précédent rôle de CFO de mai 2021 à décembre 2022. Son parcours inclut également des postes de CFO chez Cjia Group et Home Inns Group, ainsi qu'un poste de directrice financière chez Trip.com. Mme Chen est titulaire d'un master en gestion de l'Université Jiaotong de Shanghai.
H World Group (NASDAQ: HTHT und HKEX: 1179) hat eine Veränderung in der Geschäftsführung bekannt gegeben. Herr Jun Zou wird am 4. September 2024 als Chief Financial Officer zurücktreten, aus persönlichen Gründen. Frau Hui Chen, die derzeitige Chief Compliance Officer, wird an diesem Tag die Rolle des Chief Financial Officer übernehmen.
Frau Chen bringt umfassende Erfahrung in der Finanzverwaltung in den Reise- und Hotelbranchen Chinas mit. Sie hat seit 2014 verschiedene Finanzpositionen bei H World inne, darunter auch eine frühere Tätigkeit als CFO von Mai 2021 bis Dezember 2022. Ihr beruflicher Hintergrund umfasst auch CFO-Positionen bei Cjia Group und Home Inns Group sowie eine Rolle als Finanzdirektorin bei Trip.com. Frau Chen hält einen Master-Abschluss in Management von der Shanghai Jiaotong Universität.
- Appointment of experienced internal candidate as new CFO
- New CFO has deep industry-specific financial management expertise
- Smooth transition with internal promotion ensures continuity
- Departure of current CFO could potentially disrupt financial operations
SINGAPORE and SHANGHAI, Sept. 03, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ: HTHT and HKEX: 1179) (“H World” or the “Company”), a key player in the global hotel industry, today announced that Mr. Jun Zou will resign as the chief financial officer of the Company for personal reasons, effective on September 4, 2024. Ms. Hui Chen, the chief compliance officer of the Company, has been appointed as the chief financial officer of the Company, effective on September 4, 2024.
Ms. Chen has deep financial management expertise in the travel and hotel industries in China. She initially joined H World in 2014. From 2014 to early 2016, Ms. Chen served as H World’s executive vice president of finance responsible for internal financial management and then chief financial officer. From March 2018 to February 2020, she was the chief financial officer of Cjia Group Limited, H World’s affiliate company which primarily engages in providing apartment services. Ms. Chen rejoined H World in February 2020 as the chief compliance officer. She then served as the chief financial officer of H World from May 2021 to December 2022 and the chief compliance officer since December 2022. Her other previous work experiences also include chief financial officer of Home Inns Group and finance director of Trip.com. Ms. Chen received her master’s degree in management from Shanghai Jiaotong University.
About H World Group Limited
Originated in China, H World Group Limited is a key player in the global hotel industry. As of June 30, 2024, H World operated 10,286 hotels with 1,001,865 rooms in operation in 18 countries. H World’s brands include Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, Orange Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel, Joya Hotel, Blossom House, Ni Hao Hotel, CitiGO Hotel, Steigenberger Hotels & Resorts, MAXX, Jaz in the City, IntercityHotel, Zleep Hotels, Steigenberger Icon and Song Hotels. In addition, H World also has the rights as master franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel, in the pan-China region.
H World’s business includes leased and owned, manachised and franchised models. Under the lease and ownership model, H World directly operates hotels typically located on leased or owned properties. Under the manachise model, H World manages manachised hotels through the on-site hotel managers that H World appoints, and H World collects fees from franchisees. Under the franchise model, H World provides training, reservations and support services to the franchised hotels, and collects fees from franchisees but does not appoint on-site hotel managers. H World applies a consistent standard and platform across all of its hotels. As of June 30, 2024, H World operated 10 percent of its hotel rooms under the lease and ownership model, and 90 percent under the manachise and franchise model.
For more information, please visit H World’s website: https://ir.hworld.com.
Safe Harbor Statement Under the U.S. Private Securities Litigation Reform Act of 1995
The information in this release contains forward-looking statements which involve risks and uncertainties. Such factors and risks include our anticipated growth strategies; our future results of operations and financial condition; economic conditions; the regulatory environment; our ability to attract and retain customers and leverage our brands; trends and competition in the lodging industry; the expected growth of demand for lodging; and other factors and risks detailed in our filings with the U.S. Securities and Exchange Commission. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements, which may be identified by terminology such as “may,” “should,” “will,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “forecast,” “project” or “continue,” the negative of such terms or other comparable terminology. Readers should not rely on forward-looking statements as predictions of future events or results.
H World undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.
Contact Information
Investor Relations
Tel: 86 (21) 6195 9561
Email: ir@hworld.com
https://ir.hworld.com
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