David Palmer has been appointed President and Chief Executive Officer at Diamond Resorts Holdings, LLC

Diamond Resorts International® today announced that David Palmer, formerly President and Chief Financial Officer, has become President and Chief Executive Officer of the Company. Al Bentley, who had been serving as Executive Vice President – Europe, has assumed the position of Executive Vice President and Chief Financial Officer. Founder and principal shareholder Stephen J. Cloobeck remains Chairman of the Company. These appointments were effective January 1, 2013. Mr. Palmer, age 51, has served as President since September 20, 2010, and is a member of the Board. He has served as Chief Financial Officer of Diamond Resorts International® and its subsidiaries since April 2007, and he served as Executive Vice President until his promotion to President in September 2010. Mr. Palmer has over 20 years of experience as a private equity/financial professional. Mr. Palmer served as a managing director of Trivergance, LLC, which he co-founded from its formation in June 2006 to July 2010. Mr. Palmer received an A.B. in Physical Chemistry from Hamilton College and an M.B.A. from the J.L. Kellogg Graduate School of Management at Northwestern University