The Board of Lantern Hotel Group announced that following the successful operational turnaround and sell down of Group's hotels that its Chief Executive Officer, Mr. John Osborne, has tendered his resignation and will leave the company on 26 May 2017. Graeme Campbell, the independent Non Executive Chairman, will assume the role of Executive Chairman following Mr. Osborne's departure and he and the Board will focus on security holder value maximization and finalizing the Board's position on the future intentions of the Group.