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Mon 10 Aug 2015 01:57 PM

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Dubai's Jumeirah announces appointment of new CFO

Former Hilton Worldwide senior executive Ton van Vilsteren named as its new group chief financial officer

Dubai's Jumeirah announces appointment of new CFO
An aerial view of the Jumeirah Beach hotel. (Getty Images)

Jumeirah Group, the Dubai-based luxury hotel company, on Monday said it has appointed Ton van Vilsteren as its new group chief financial officer (CFO).

Vilsteren, who will join the company on August 16, has previously been head of finance for Asia Pacific at Hilton Worldwide.

In that role, he had overall responsibility for the accounting function and financial operations across all regional offices in Asia Pacific covering 158 trading hotels owned, managed and franchised by Hilton Worldwide.

Since graduating from Hotel School, The Hague, in the Netherlands in 1995, Ton van Vilsteren has worked his way up through the Hilton Group, Jumeirah said in a statement.

Vilsteren was also a member of the Executive Committee with overall responsibility for the region’s financial delivery across 20 countries, driving performance analysis, financial reporting, budget formulation and trading forecasts.

In his new role as Group CFO of Jumeirah Group, he will assume responsibility for the financial direction, control and management of the company, sit on the Executive Committee and report to president and Group CEO Gerald Lawless.

Lawless said: “Jumeirah is entering another exciting point in its history. Not only do we have 23 hotels operating internationally today, but we have a robust pipeline of upcoming properties to open, especially in Asia, the Middle East and Europe. We welcome Ton warmly to Jumeirah and are delighted that he will help steer the company towards even greater financial success.”

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