The Arora Group has announced Steve Patemen is to replace founder Surinda Arora as the company’s chief executive.
The changes see Arora stepping into the new role of founder and executive chairman in order to allow him to concentrate on leveraging his industry experience to “seek new growth and development opportunities” for The Arora Group and to concentrate on Heathrow West, Arora’s proposal for a new terminal at Heathrow Airport to support its new runway.
Pateman joins from the privately-owned Hodge Bank, where he is currently the CEO, and has previously held executive leadership roles with Shawbrook Bank, Santander and Royal Bank of Scotland. He is currently an advisor to the Arora Group board.
The group said Pateman has “extensive experience” across the UK Banking sector and a strong track record of positive engagement with both internal and external stakeholders, with many of his clients from the hospitality industry.
Arora said: “I have known Steve both professionally and personally for many years and I am delighted to welcome him to the Arora Group.
“Steve brings a unique knowledge of both our organisation and the world of banking and I am confident that these skills will supercharge our growth over the coming years. He is the perfect captain to lead The Arora Group to the next stage of its ambitious growth plans.”
He added: “Additionally, having Steve at the helm allows me to concentrate on other opportunities including the Heathrow West airport expansion project, which has the potential to be the UK’s most exciting new infrastructure and development project.”
Pateman said: “It is a tremendous privilege to have been asked to lead the Arora Group business and I am excited by the opportunities that lie ahead to build on the incredible foundations that have been built over the last 20 years. I have known Surinder for many years and look forward to working with him and his team.”
The Arora Group is a UK group of companies involved in hotel operations, hotel management, property construction, and property portfolio asset management.