Ariel P Vera retires as Banyan Tree Holdings group managing director
But he will remain as a non-independent and non-executive director of the Company after 31 December 2013.
The Board of Banyan Tree Holdings announced the retirement of Ariel P Vera as group managing director effective 31 December 2013.
Mr Vera, 61, was responsible for overseeing the execution of the Company's corporate and business strategies and policies, and the conduct of the Group's businesses, assuming overall responsibility for the corporate well-being of all the companies in the Group, according to a Banyan Tree Holdings report.
He was appointed to the post 1 March 2004.