|PARADISE ISLAND, The Bahamas - October 11, 2006 - Butch
Kerzner, CEO of Kerzner International Holdings Limited (the “Company”),
was in a helicopter accident today while surveying potential development
sites for the Company in the Dominican Republic. He was onboard with one
additional passenger and two pilots. There were no survivors of the crash.
It is with great sadness that the Company reports the tragic loss of Butch Kerzner. Sol Kerzner, Chairman and founder of the Company and father of Butch Kerzner, is en route to the Dominican Republic, after which he will immediately return to the Company’s headquarters in The Bahamas.
Paul O’Neil, former CEO of the Company’s Paradise Island business, its largest operations, and a current member of the Company’s Board of Directors, has been appointed acting CEO of the Company, effective immediately. The Company will provide further information as it becomes available.
Butch Kerzner, 42, was appointed CEO in January 2004 and is survived by his wife and two young children.
Kerzner International Holdings Limited, through its subsidiaries, is a leading international developer and operator of destination resorts, casinos and luxury hotels. The Company’s flagship brand is Atlantis, which includes Atlantis, Paradise Island.
Kerzner International Holdings Limited
|Also See:||South African Hotelier, Sol Kerzner Likely to Hand Control of Kerzner International Over to Son, Butch by End of Year / September 2003|
|Destination Resorts and Casino Operator Kerzner Agrees to Go Private in $3 billion Buyout; Total Transaction Value is About $3.6 billion / March 2006|