StockMarketWire.com - Hospitality real estate group PPHE Hotel said that non-executive director Nigel Jones would retire from the board prior to its annual general meeting in 2020 following a substantial shareholder vote against his re-election.

Deputy chairman Kevin McAuliffe would remain in that position but would stand down from the company's audit and remuneration committees.

PPHE Hotel said it understood that some investors had concerns that both men had served on the board for more than nine years.

'Whilst the board believes that both Mr. McAuliffe and Mr. Jones are highly effective and engaged members of the board with a wealth of knowledge which is highly valued by the company, the board has given further consideration to the views of its independent shareholders,' it added.



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