London Resort Company Holdings (LRCH), the company behind the London Paramount Entertainment Resort, have announced new appointments to the leadership team to drive the project forward.
LRCH and parent company Kuwaiti European Holding Group (KEH) have appointed Humphrey Percy, currently Group CEO KEH, as CEO of London Resort Company Holdings; Mike Morrison as CFO and Kevin Doyle as Development Consent Order (DCO) Coordinator.
The announcement follows speculation in the media last week about London Paramount investor SinoFortone’s track record on completing deals, and reports of David Testa’s resignation.
Commenting on the change in leadership team, Humphrey Percy said, “David Testa has decided to step back from the KEH Group and cease his roles within all Group Companies, including LRCH (London Paramount). David’s input into the project has been hugely appreciated and we wish him well in the next stage of his career. We are now entering a new exciting phase of the project as we carry out our final stage of consultation prior to submitting our Development Consent Order (DCO).
“This announcement reaffirms our determination to submit our application for the Entertainment Resort. After many months of review, revision and reappraisal we have a robust business plan for building a world-class entertainment resort in the UK and are ready to push forward. We are working closely with the local authorities, landowners and local community, as well as our other stakeholders, to deliver a global destination attraction.
“I am delighted to be directly overseeing the plans for the proposed Entertainment Resort in North Kent and welcome Mike and Kevin in their new roles as CFO and DCO Coordinator, respectively. Having held senior positions at Morgan Stanley and WestLB AG, amongst others, Mike has a wealth of experience in property, business management and accounting that will be incredibly beneficial to LRCH. Kevin has worked on the project from the start, knows the team and the local area extremely well and played a key role in the delivery of some of the largest entertainment projects across the globe.
“I am confident that now, we have the team, the partners and the plans in place to deliver a truly global destination attraction.”