Ted Teng - President, Asia Pacific for Starwood Worldwide - Hotel Group
As President of Asia Pacific, Ted Teng, 42, will direct the operations of over 70 hotels and resorts in 17 Asia-Pacific countries that operate under the Starwood umbrella. He brings to Starwood Worldwide a unique blend of experience from both ITT Sheraton and Westin that is expected to greatly benefit the new company's operations.
Formerly Westin's Asia-Pacific President, Teng had responsibility for the financial and operating performance of the 15 hotels in 9 countries in Westin's portfolio in Asia-Pacific since 1996. Under his leadership, the gross operating profit margin of the division increased from 29.2% in 1996 to 35.2% in 1997. Teng also played a significant role in expanding Westin's presence in Asia-Pacific.
Prior to joining Westin, Teng had worked with ITT Sheraton for 14 years in various capacities, including Vice President of Operations, Asia Division and Vice President and Division Controller for the Hawaii/Japan Division.
The Corporation also announced the resignation of Ed Davie who was recently named President, South Pacific of the hotel operating group. With Davie's departure, Ted Teng assumes responsibility for the entire Asia-Pacific region, with the exception of India. India has been realigned under Sami Zoghbi's supervision as President for Africa and the Middle East to better serve the needs of the customer.
Starwood Hotels Resorts Worldwide, Inc., through its Sheraton, Westin and Caesars subsidiaries, is one of the leading hotel and gaming operating companies in the world. Starwood Hotels Resorts is the largest real estate investment trust in the United States. Shares of Starwood Hotels Resorts Worldwide, Inc. are paired and trade together with shares of Starwood Hotels Resorts (NYSE: HOT).