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Harmit Singh: New CFO of Hyatt Hotel Empire
Global Hyatt Corporation President and Chief Executive Officer Mark Hoplamazian today announced the appointment of Harmit Singh as Chief Financial Officer (CFO).
In this position, Harmit Singh will lead the company's finance, accounting, treasury, tax and strategic financial planning functions worldwide. He was formerly senior vice president and chief financial officer - international for Yum! Brands, Inc. (NYSE:YUM), responsible for finance, information technology and supply chain. He will report directly to Hoplamazian.
Harmit Singh joins Global Hyatt with over 25 years of global financial expertise, including 14 years with Yum!, the world's largest restaurant company and parent entity of five global brands, including KFC, Pizza Hut and Taco Bell.
"I am delighted to welcome Harmit to our senior leadership team", said Hoplamazian. "He comes to us with a broad background in global financial management and extensive experience in a business with multiple brands and many locations across the world. His extensive work in strategic planning, commercial financial management, partnering with business unit leaders and their teams in various global markets while supporting significant growth is well suited to our needs.
"The appointment of Harmit supports our commitment to building a world-class leadership team at Global Hyatt Corporation, as we position the company for significant strategic growth around the world and continued leadership in the hospitality industry", Hoplamazian added.
During his tenure with Yum! and its predecessor company, Harmit Singh held a series of senior level finance positions with ascending levels of responsibility, including senior vice president and chief financial officer for Pizza Hut - United States, vice president finance - Yum! International, CFO India and CFO Asia. Prior to joining Yum!, he worked in various financial capacities for American Express India.
"I am very excited about joining a respected global brand like Hyatt during a period of rapid, strategic growth and tremendous opportunity within the global hospitality industry", said Harmit. "I have been fortunate to gain invaluable experience in India, various countries in Asia, the Middle East and in North America with Yum! during a period of rapid growth with the introduction of Yum!'s brands to many emerging markets around the world. I have been very impressed with the quality of people at Global Hyatt and am looking forward to joining its senior management team and a very capable finance group at the company".
Harmit and his family will relocate from Dallas to Chicago.
About Global Hyatt Corporation
Global Hyatt Corporation, one of the world's premier hotel companies, runs more than 730 hotels and resorts around the world in 45 countries. The company's affiliates own, operate, manage and franchise Hyatt-branded hotels and resorts under Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt ResortsTM, Hyatt®, Hyatt Place® and Hyatt Summerfield Suites® brands. In April 2007, Hyatt launched its newest global brand, AndazTM. Global Hyatt Corporation is also the owner of Hyatt Vacation Ownership, Inc., operator of Hyatt Vacation Club® and fractional residential properties and U.S. Franchise Systems, Inc., which franchises Hawthorn Suites and Microtel Inn and Suites.
[Courtesy: Business Wire]
June 17, 2008
Conversation about this article
1: Mahinder Kaur Doman (Vancouver, British Columbia, Canada), June 23, 2008, 2:20 AM.
Congratulations, Harmit, on your new post! We indeed are very proud of your achievements. We look forward to hear further on your successful career.
2: Ashwani Agarwal (Dallas, Texas, U.S.A.), June 27, 2008, 1:26 AM.
An outstanding individual and a great asset for the company.