Skip to Content

You are here: Home » competitive environment

News: Denis Hennequin removed as Accor’s chairman and CEO

August 29, 2016 • Alicia
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...
Read More …
Categories: News • Tags: ,

Denis Hennequin removed as Accor’s chairman and CEO

January 16, 2016 • admin
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 appropriate 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 on the way to reinforce its positions. The Board therefore requested that the head priority take delivery of 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...
Read More …
Categories: News • Tags:

Accor chief ousted over slow turnaround

November 13, 2015 • admin
Hotel giant Accor has ousted chief executive Denis Hennequin following a disagreement over the pace of change on the largest hotel chain in Europe. A transitional team, headed by chief operating officer Yann Caillere, who takes the role of chief executive, was installed charge. Board member Sebastien Bazin, head of Colony Europe, was named vice-chairman to exchange Philippe Citerne, who becomes non-executive chairman. Hennequin becomes the third chief executive to be ousted from Accor since Usa-based Colony Capital invested within the group in 2005. He was hired in 2010 to accelerate an asset light strategy designed to cut back exposure to capital intensive owned hotels in favour of franchises and management contracts. However, stakeholders are believed to have lost patience with the rate of change, with Accor shares down five...
Read More …
Categories: News • Tags: ,