H World Group Limited Appoints New Chief Financial Officer
H World Group Limited Appoints New Chief Financial Officer
SINGAPORE and SHANGHAI — H World Group Limited (NASDAQ: HTHT and HKEX: 1179), a leader in the global hotel sector, recently announced a significant change in its financial leadership. Mr. Jun Zou has decided to resign from his role as Chief Financial Officer for personal reasons, effective immediately. In response to this transition, Ms. Hui Chen, who currently serves as the Chief Compliance Officer, will take on the role of Chief Financial Officer starting on the same day.
Ms. Hui Chen's Extensive Experience
Ms. Chen brings a wealth of expertise in financial management, especially in the travel and hotel industries within China. Her journey with H World dates back to 2014, when she initially joined the company and served as the executive vice president of finance. Between 2014 and early 2016, she was pivotal in overseeing internal financial operations. Following her tenure there, she became the Chief Financial Officer at Cjia Group Limited, an affiliate of H World, contributing to apartment service provision from March 2018 until February 2020. Ms. Chen rejoined H World in February 2020, first as Chief Compliance Officer and then again as Chief Financial Officer from May 2021 to December 2022, all while continuing in her compliance role since then.
A Leader in the Global Hotel Industry
Originating from China, H World Group Limited has firmly established itself as a key player in the hotel industry worldwide. As of mid-2024, it operates an impressive portfolio of 10,286 hotels with over 1,001,865 rooms across 18 countries. The company boasts an array of brands such as Hi Inn, Elan Hotel, HanTing Hotel, and many others, catering to a broad market spectrum.
Diverse Business Models at H World
The operational framework of H World includes a mix of leased and owned properties, alongside manachised and franchised hotels. The diverse approach allows the company to manage its offerings effectively; it operates 10 percent of its hotels under the lease and ownership model while the remaining 90 percent fall under the manachise and franchise models. This comprehensive strategy ensures H World maintains a consistent quality standard across all properties.
Company Contact Information
For more inquiries, H World encourages interested parties to reach out to their Investor Relations team:
Tel: 86 (21) 6195 9561
Email: ir@hworld.com
Frequently Asked Questions
Who is the new Chief Financial Officer of H World Group Limited?
The new Chief Financial Officer is Ms. Hui Chen, appointed to replace Mr. Jun Zou.
Why did Mr. Jun Zou resign?
Mr. Jun Zou resigned for personal reasons, leading to the appointment of Ms. Hui Chen as the new CFO.
When did the changes take effect?
The changes are effective immediately as of September 4, 2024.
What brands does H World Group Limited operate?
H World operates various brands including Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, and many more across its global properties.
What percentage of hotels does H World operate under each business model?
H World operates 10% of its hotel rooms under the lease and ownership model, while 90% are under the manachise and franchise models.
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