Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
Chief Operating Officer
On January 4, 2021, Playa Hotels & Resorts N.V. (the "Company") announced that
it had appointed Greg Maliassas as the Company's Chief Operating Officer,
effective January 1, 2021. Mr. Maliassas, 48, has served as Executive Vice
President and Chief Operating Officer of Playa Resorts Management, the Company's
management company, since 2019. Prior to joining the Company, Mr. Maliassas
served as Senior Vice President Operations from 2014 to 2019 for the luxury and
premium brands of Accor Hotels in Central & Eastern Europe, Benelux and
Switzerland, overseeing a portfolio of over 45 hotels. He has managed and
developed upscale hotels in Europe, North America and the Middle East for over
20 years while holding positions such as Vice President North, Central and
Eastern Europe, as well as Senior Vice President Middle East, Africa and Indian
Ocean for Sofitel Hotels & Resorts. Mr. Maliassas was instrumental in dozens of
hotel openings, renovations and hotel constructions, collaborating with renowned
hotel developers, designers and architects around the world. Mr. Maliassas, who
speaks five languages fluently, was born and raised in Luxembourg, holds a
degree in International Hotel Management from Les Roches, Switzerland and a
postgraduate degree from the University of Surrey, UK.
There are no family relationships between Mr. Maliassas and any director,
executive officer or person nominated or chosen by the Company to become a
director or executive officer and except for compensation paid to
Mr. Maliassas for his service as an employee of the Company, there have been no
transactions between Mr. Maliassas or any of his immediate family members and
the Company or any of its subsidiaries.
Mr. Maliassas succeeds Alexander Stadlin, who, as previously announced,
transitioned from his role as Chief Operating Officer to a new role as advisor
to the Chief Executive Officer and Vice Chairman of the Company effective
December 31, 2020. There was no disagreement or dispute between Mr. Stadlin and
the Company on any matter relating to the Company, including its operations,
accounting, financial reporting, policies or practices.
Resignation of Gloria Guevara
Gloria Guevara, a member of the Company's board of directors, resigned from the
board effective December 31, 2020. There were no disagreements between
Ms. Guevara and the Company.
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