Michael Sengol Steps Downs as CEO of Meritus Hotels & Resorts

Dr Stephen Riady, Executive Chairman of Singapore Exchange-listed Overseas Union Enterprise (OUE) Limited, has confirmed that Michael Sengol is stepping down from his role as Chief Executive Officer of Meritus Hotels & Resorts, the hospitality division of OUE.

“Michael has delivered the business objectives I set for him, and I am grateful for his contribution that led to greater awareness for our heritage hospitality brand and the unprecedented financial results he achieved for the division since taking helm at Meritus,” said Dr Riady.

In 2010, Michael returned to Singapore after many years of being overseas to take on the challenge of turning around the Meritus brand. Under his leadership, the brand received numerous awards in the industry for its productivity and excellence.

“As an organisation focused on driving growth, we intend to build on the successes that Michael has started for the hospitality division. Meanwhile, I wish Michael every success as he pursues his personal interests,” added Dr Riady.

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