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Gilles Pelisson Is Out And Denis Hennequin Is In

ACCOR announces change in executive management

Elisabeth Lang, eTN  Nov 04, 2010

(eTN) - On the occasion of the board of directors meeting on November 2, 2010, the board and Gilles Pélisson, chairman and CEO of Accor, recognized the strategic divergences between them, leading them to organize the departure of Gilles Pélisson as of January 15, 2011.

The board of directors has, therefore, terminated Gilles Pélisson's appointment as chief executive officer and appointed Denis Hennequin as executive director with effect on December 1, 2010.

McDonald's Corporation chief executive (MCD) of Europe, Denis Hennequin, is replacing ACCOR CEO Gilles Pelission. Denis Hnnequin has been a director of ACCOR since 2009 and chairman of McDonalds’s Europe since 2005.

To ensure a smooth handover, Gilles Pélisson who has been on the helm of Accor since January 2006, will continue to act as chairman of the board of directors in a non-executive capacity until January 15, 2011, it was said in Paris.

With 145,000 employees worldwide, under the leadership of Gilles Pélisson, Accor has undergone a radical transformation in the last five years. Mr. Pelission has restructred the company, selling off non-core assests and hotel properties, replacing them with long-term leases.

Accor is the world's leading hotel operator and market leader in Europe and is present in 90 countries with 4,100 hotels and close to 500,000 rooms.

Accor's broad portfolio of hotel brands includes Sofitel, Pullman, MGallery, Novotel, Suite Novotel, Mercure, Adagio, ibis, all seasons, Etap Hotel, Formule 1, hotelF1, and Motel 6, and its related activities, Thalassa sea & spa, as well as strategically-related activities, such as Lenôtre. Services with 23 million people provide an extensive offer, from luxury to budget.

Philippe Citerne, vice chairman of Accor's board of directors, said: "The board is unanimous in thanking Gilles Pélisson for his crucial contribution to Accor's development.

ACCOR announces change in executive management
Gilles Pelisson, outgoing chairman and CEO of Accor

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