The Punta Cana Group announced that its board of directors elected Frank Elías Rainieri as president and CEO of the company.
Through a press release, the Punta Cana Group explained that businessman Frank Rainieri will continue to serve as Chairman of the Board and Chairman of the Grupo Puntacana Foundation.
From now on, Frank Elías Rainieri will lead the company together with Paola Rainieri, Chief Marketing Officer (CMO), and Francesca Rainieri, Chief Financial Officer (CFO) of Grupo Puntacana ”.
“The great Puntacana Group Family celebrates the dream and vision of that small company that, 51 years ago, started at the hands of Mr. Frank Rainieri and Mr. Ted Kheel, with just 10 little cabins and 20 hotel rooms. Today, we can proudly say that, during this half-century of uninterrupted history, we have maintained a balance between work, respect for nature, and our people. With the same vision and determination from our beginnings, we will continue to write slowly, but surely, the pages of our history”, the statement said.
Entrepreneur Frank Rainieri Sr. was the founder of Grupo Puntacana and is currently a board member of the World Travel and Tourism Council (WTTC), the main tourism institution in the private sector.