JOHANNESBURG May 30 South African hotel and
casino operator Tsogo Sun said on Tuesday its chief
executive Marcel von Aulock would resign at the end of June
after six years at the helm.
Von Aulock, 42, took over as CEO at Tsogo Sun in September
2011 and had been with the company since 1999.
Tsogo, Africa's biggest hotels and gaming group, which also
has interests in Nigeria, Kenya and Mozanbique, did not give
reasons why von Aulock resigned.
Von Aulock's resignation is effective from June 1, 2017 and
he will be replaced by insider Jacques Booysen.
Under von Aulock, a chartered accountant, Tsogo Sun bought a
controlling stake in a hospitality-focused Real Estate
Investment Trust, Hospitality Property Fund to compete
with property rivals and create value for its hotel business.
The company also owns theme park Gold Reef City and
entertainment complex Montecasino in Johannesburg.
Booysen, long considered von Aulock's natural successor,
will take over at a time when the company is looking to buy more
hotel assets in the United Kingdom through International Hotel
Properties Limited, a European hotel investment of the firm in
which it holds a 25 percent stake.
(Reporting by Nqobile Dludla; Editing by Tiisetso Motsoeneng
and Jane Merriman)