Industry Update
Press Release15 April 2015

Karma Royal Group Announces Restructure To Support Global Expansion

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Royal Resorts

Karma Royal Group has made a number of key changes to the overall structure of the group of companies and the roles of people within it at a senior level to support the strong global expansion currently being undertaken by the group.

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All operations, whether timeshare and fractional sales, management company, real estate, or business management, sales support and administration will be run through three new divisions:

  • ASIA AND AUSTRALIA
  • INDIA AND MIDDLE EAST
  • EUROPE AND CARIBBEAN

Each division will have its own budgets, cash flows and targets and be wholly independent and responsible for its region. Within each region a management hierarchy will be adopted based on a three tier system.

  • TIER ONE - Regional Presidents Comprising a president of sales and marketing and a president of operations (the president of operations will additionally hold the title of regional managing director).
  • TIER TWO - Regional Vice Presidents Responsible for sales, marketing, hotel sales, I.T., finance, hotel operations and sales support.
  • TIER THREE - General Managers

Responsible for the operations and performance of each revenue generating profit unit. As part of this new structure Karma Royal Group has pleasure in announcing the following regional presidents:

ASIA AND AUSTRALIA

  • Gary Knowles Operations and MD
  • Michael Wood Sales and Marketing

INDIA AND MIDDLE EAST

  • Esperanca Patricio Operations and MD
  • Sanjiv Gomes Sales and Marketing

EUROPE AND CARIBBEAN

  • Vic Faulkner Operation and MD
  • Brad Margison Sales and Marketing

Appointments are currently being made or reconfirmed for other management positions and will be announced in due course. "I am passionate about developing people and management as it is only through this that the company can hope to continue to be the success it is," said John Spence, Chairman and Founder of Karma Royal Group. "To quote the old mantra 'give them wings and help them fly!'"

John Spence will continue to be extremely active in the company both in his role as chairman of the holding company, assisted by Gary Knowles as group CEO, but also in an executive management role within the operational companies, which he will frequently spend time in on a rotating basis and remotely. www.karmaroyalgroup.com

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