Cape Town, South Africa – 1 June 2017 –
South African hotel and casino operator Tsogo Sun said its chief executive Marcel von Aulock will 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 has 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.
His 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 UK through International Hotel Properties, a European hotel investment of the firm in which it holds a 25 percent stake.