Spatality Makes Changes to Meet Challenges
BANGKOK, November 29, 2009— SPATALITY today announced a sweeping management restructure and streamlining of operations designed to position the company for growth in the new global economy.
“Given the global economic situation, the investment partners and board of directors decided it would be in our best interest to streamline operations and focus for now on core competencies in key growth regions,” said Managing Director, Ingo Schweder. "The scope of this restructure has been determined by the revenue performance of the US office versus capital spending and anticipated future promise," he continued.
As part of these changes, the board of directors has asked Ingo Schweder to take the company’s helm as CEO and the Bangkok office will replace Denver as the company’s headquarters, managing not only international business, but US operations as well.
Richard Dusseau and Elaine Fenard, two of the five founding partners, have departed the company.
“While our company was incubated in the US market, we are finding that our best opportunities at this time are in the Asia-Pacific region, the Middle East and Europe where we’re building exciting new spa brands for clients like MGM Mirage Hospitality, Claridges Hotels & Resorts and others which we will then manage as the properties come on line,” said Schweder. “The Bangkok-based team is made up of seasoned spa professionals who have broad-ranging experience in these important markets and really understand the cultural landscape,” he continued.
The company earlier this year announced a multi-year global agreement with Sheraton under which Spatality’s Nectar™ spa brand is available to Sheraton properties worldwide. Between the roll out of this brand and the company’s brand-building work across Asia and the Middle East, as well as existing management agreements, Spatality intends to be well positioned for growth as development comes back on line in the coming months.
