H World Group Limited Appoints New Chief Financial Officer
SINGAPORE and SHANGHAI — H World Group Limited (NASDAQ: HTHT and HKEX: 1179), a prominent player in the global hotel industry, has announced a notable shift in its financial leadership. Mr. Jun Zou has stepped down from his position as Chief Financial Officer due to personal reasons, effective immediately. In light of this change, Ms. Hui Chen, who is currently the Chief Compliance Officer, will assume the role of Chief Financial Officer starting today.
Ms. Hui Chen's Extensive Experience
Ms. Chen brings a rich background in financial management, particularly within China's travel and hotel sectors. She first joined H World in 2014, serving as the executive vice president of finance, where she played a crucial role in managing internal financial operations until early 2016. After her time at H World, she took on the role of Chief Financial Officer at Cjia Group Limited, an affiliate of H World, where she worked in apartment service provision from March 2018 until February 2020. Ms. Chen returned to H World in February 2020, initially as Chief Compliance Officer and later serving as Chief Financial Officer from May 2021 to December 2022, all while continuing her compliance duties since that time.
A Leader in the Global Hotel Industry
H World Group Limited, originating from China, has established itself as a significant entity in the global hotel sector. By mid-2024, the company operates an impressive network of 10,286 hotels, offering over 1,001,865 rooms across 18 countries. Their diverse portfolio includes a variety of brands such as Hi Inn, Elan Hotel, HanTing Hotel, and others, catering to a wide range of market segments.
Diverse Business Models at H World
The operational strategy of H World encompasses a combination of leased and owned properties, as well as manachised and franchised hotels. This diverse approach enables the company to manage its offerings efficiently; it operates 10 percent of its hotels through lease and ownership, while the remaining 90 percent are managed under manachise and franchise models. This comprehensive strategy ensures that H World maintains a consistent quality standard across all its properties.
Company Contact Information
For further inquiries, H World invites interested parties to contact 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, who has been appointed to succeed Mr. Jun Zou.
Why did Mr. Jun Zou resign?
Mr. Jun Zou resigned due to personal reasons, prompting the appointment of Ms. Hui Chen as the new CFO.
When did the changes take effect?
The changes took effect immediately on September 4, 2024.
What brands does H World Group Limited operate?
H World operates a variety of brands, including Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, and several others 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 the remaining 90% are managed under the manachise and franchise models.
