Kendall Oei will be the new president and managing director of Group RCI, Asia Pacific, effective October 15, 2007 as the Group RCI announced. Reporting to Kenneth May, chairman and chief executive officer of Group RCI, Kendall will lead the Asia Pacific region in growing Group RCI’s existing business and pursuing new opportunities via new service and product lines and new markets and segments. He will be responsible for leading a team of 440 employees in 9 countries and managing relationships with 350 affiliated resorts.

“I am extremely pleased that Kendall has accepted this important position which will bring added focus to our strategic growth throughout the Asia Pacific region,” said Kenneth N. May, chairman and chief executive officer of Group RCI.

“He has over 30 years of experience as a business leader in Asia Pacific and an excellent track record of building relationships with developers and hoteliers across the hospitality industry. While Group RCI has been operating in Asia Pacific for the past 10 years, we are looking to significantly expand our presence in the area, especially as the Asia Pacific region is projected to be over 25% of global tourist arrivals by 2020.* Kendall’s leadership in Asia Pacific and his impeccable credentials are in line with our vision for long-term, sustainable growth.”

Oei most recently served as executive director at General Hotel Management (GHM), Ltd., a market leader in the development and operation of exclusive, luxurious hotels and resorts worldwide. While at GHM he was responsible for strategic planning, hotel management projects and operational management of the company. Kendall will continue his relationship with GHM as a non-executive director. Throughout his career, Oei has held various management positions in hotel development and commercial and investment banking in Asia and the US including GHM, Scandinavian Bank, Summa International Finance Company and Bank of America.

* Source: WTO Tourism 2020 Vision