CDL Hotels appoints new managing director

CDL Hotels today confirmed it had appointed BK Chiu as its managing director.

Mr Chiu was appointed for his international experience in marketing and building businesses, CDL said in a statement to the sharemarket.

He had a long association with New Zealand, and worked for a number of companies including Bank of New Zealand and Monsanto.

CDL shares were unchanged at 57c, having ranged between 41c and 67c in the past year.

- NZPA