Richard Balfour-Lynn Chief Executive, MWB Group
Isn't he big in hotels? Richard Balfour-Lynn has been in the property industry for 30 years. He set up Warwick Balfour Properties, a development and investment company, in 1982. In 1994 he founded MWB, which he floated three years later before spending 140m on the Malmaison chain of boutique hotels and the Hotel du Vin group.
A wheeler-dealer then? Yes, and very busy with it. MWB also owns most of MWB Business Exchange, a serviced office business, and up until six months ago Mr Balfour-Lynn - who described himself once as a "natural interferer" - also ran the De Vere hotel and leisure group.
But he's not meddling any more? No, he's off. He's quitting as chief executive and leaving the MWB board, although he will retain his 10 per cent stake in the business. "This has been a hard decision for me as I have been with MWB Group most of my working life," he says. MWB chairman Eric Sanderson called him an "exceptional …
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Publication information: Article title: Richard Balfour-Lynn Chief Executive, MWB Group. Contributors: Not available. Newspaper title: The Independent (London, England). Publication date: March 9, 2012. Page number: 62. © 2009 The Independent - London. Provided by ProQuest LLC. All Rights Reserved.
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