Accor’s Board of Directors met today on the request of its Chairman, Denis Hennequin, with all Directors in attendance.
During this meeting, the entire Directors came to the joint conclusion concerning the Group’s situation: that the tactic adopted is the best one and that it’ll remain unchanged. However, given current economic conditions and the rapid transformation of its competitive environment, Accor must accelerate the implementation of this strategy with a purpose to reinforce its positions. The Board therefore requested that the pinnacle priority receive to focusing energy and resources on transforming Accor’s business model. The Board took note of Denis Hennequin’s reservations and unanimously voted to terminate his mandate with immediate effect from April 23, 2013.
The Board paid tribute to the measures initiated by Denis Hennequin over greater than two years to refocus Accor’s business, expand the crowd internationally and reinforce its brands. These results will allow the gang to commence a brand new stage of its development with confidence.
The Board decided to put in a transition executive team: Philippe Citerne, previously ViceChairman of Accor’s Board, is appointed Non-Executive Chairman of Accor, and Sébastien Bazin becomes Vice-Chairman of the Board. Yann Caillère, previously President and Chief Operating Off icer is appointed as Chief Executive Officer.
Lastly, the AGM held this Thursday April 25, was chaired by Philippe Citerne.
Philippe Citerne, Non-Executive Chairman of Accor’s Board of Directors declared: “On behalf of the Board, i need to pay tribute to Denis Hennequin’s new and inventive perspective at the hospitality business and for the standard of our exchanges during his mandate as Chairman and CEO, and in addition on the time of his departure. i’m confident at some point development of the crowd.”
Denis Hennequin declared: “I am particularly pleased with the work achieved by our team s, franchisees and partners under my guidance. Together, we’ve got successfully expanded Accor enabling record growth during the last two years and making a new, dynamic brand-based approach. i’m confident that everybody will continue to uphold the values that drive the group’s success: a spirit of con quest, imagination, performance, trust and respect.”
Accor, the world’s leading hotel operator and market leader in Europe, is found in 92 countries with greater than 3,500 hotels and 450,000 rooms. Accor’s broad portfolio of hotel brands – Sofitel, Pullman, MGallery, Grand Mercure, Novotel, Suite Novotel, Mercure, Adagio, ibis, ibis Styles, ibis budget and hotelF1 – provide an in depth offer from luxury to budget. With greater than 160,000 employees in Accor brand hotels worldwide, the crowd offers its clients and partners 45 years of know-how and expertise.