Selina Hospitality (SLNA) Announces Key Board Appointment

Selina Hospitality PLC (NASDAQ: SLNA), the fast-growing lifestyle and experiential hospitality company targeting millennial and Gen Z travelers, is proud to announce the appointment of Alan Bowers as the newest independent director on its Board of Directors, effective as of March 17, 2023. In addition, as part of Selina’s commitment to corporate governance, the Board has established a Finance and Capital Allocation Committee to help oversee budgeting, capital allocation and significant transactions. Catherine Dunleavy, who has stepped down as chair of, but remains a member of, the Audit Committee was appointed as chair of the new committee. The establishment of the Finance and Capital Allocation Committee underscores Selina's ongoing commitment to prudent cost management, strategic growth, and robust financial oversight.

In light of the establishment of the Finance and Capital Allocation Committee and the appointment of Ms. Dunleavy as its chair, Mr. Bowers has been appointed as the chair of the Audit Committee and a member of the new Finance and Capital Allocation Committee, effective as of March 17, 2023.

Eric Foss, chair of the Selina Board, commented: “We welcome Alan to the Board. His extensive hospitality and public company board experience, combined with the establishment of the Finance and Capital Allocation Committee, will help to further strengthen an already strong Board and the governance framework of the company. We look forward to Alan’s contributions as the Board and management continue to focus on the company’s three strategic initiatives, achieving positive cashflow, executing on their path to profitability, and continuing to build the Selina brand.”

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