FRANKFURT, Germany, September 24, 2012 - The Supervisory Board of Steigenberger Hotels AG has appointed Puneet Chhatwal as new Chief Executive Officer (CEO) of the Management Board. From January 1 , 2013 onwards and together with Chief Financial Officer (CFO) Matthias Heck , Chhatwal will hold responsibility for the hotel business based in Frankfurt/Main.

Steigenberger Hotels AG is very pleased to announce Puneet Chhatwal (48), who has deep and long term international experience in hotel management, as its CEO.

Having completed a Bachelor's Degree at the University of Delhi and a diploma in Food Service and Hotel Management, Chhatwal started his career with the India Tourism Development Corporation. After several operational positions in India, he studied at IMHI (ESSEC), Paris and earned a Master's Degree in 1991 in International Hospitality Management. In 2012, he completed the Advanced Management Program (AMP) at INSEAD Business School in Fontainebleau. Chhatwal is a Fellow of the Institute of Hospitality (FIH).

After gaining valuable insights and experience in hotel consulting and project development, Chhatwal joined Carlson Hotels Worldwide in 1998, where he was responsible for the development of the group's brands in Europe, the Middle East and Africa. Since 2002, he has been responsible for Corporate Business Development at the Rezidor Hotel Group in Brussels. As Chief Development Officer (CDO) he became a member of the Executive Committee in 2007. During his tenure at Rezidor, the group grew from 150 to the current level of 435 hotels, with brands such as Radisson Blu, Park Inn by Radisson, Hotel Missoni and Regent.

"With his worldwide experience in top international hotel development and management, Puneet Chhatwal will give decisive stimuli for growth of Steigenberger and systematic orientation of operating management to achieve the goals of our corporate strategy", said Dr. Ralf Corsten, Chairman of the Supervisory Board of Steigenberger Hotels AG.

About Steigenberger Hotels AG
Steigenberger Hotels AG is one of Europe's leading hotel companies. Its head office is based in Frankfurt/Main, and the group operates 80 hotels in Germany, Austria, Switzerland, the Netherlands and Egypt. The umbrella organisation Steigenberger Hotel Group comprises the two brands Steigenberger Hotels and Resorts (47 individual first-class and deluxe hotels) and InterCityHotel (33 midrange hotels located directly at transport hubs such as railway stations and airports). Steigenberger Hotels AG has been in the sole ownership of Hamed El Chiaty since 2009.
http://www.steigenbergerhotelgroup.com