At the meeting held on Monday, the Accor Supervisory Board reviewed the
Nominations Committee’s recommendations to accept the resignation of Maurice Simond, with immediate effect and appoint Serge Weinberg to the Supervisory Board. They also accepted Gérard Pélisson’s resignation as Chairman of the Supervisory Board, whilst appointing Gilles Pélisson as Chairman of the Management Board effective from January 16, 2006. The Supervisory Board were unanimously in favor of these recommendations.Serge Weinberg will take over as Chairman of the Supervisory Board on January 3, 2006 and will
chair the forthcoming Extraordinary Shareholders’ Meeting.
The Supervisory Board has decided to call an Extraordinary Shareholders’ Meeting, no later than
January 15, 2006, with a view to replacing the current Supervisory Board and Management Board
with a Board of Directors, and separating the positions of Chairman and Chief Executive Officer.
The Supervisory Board will recommend electing Serge Weinberg as Chairman of the Board of
Directors and Gilles Pélisson as Chief Executive Officer at the Extraordinary Shareholders’ Meeting.
Serge Weinberg has been appointed with immediate effect as Chairman of the Governance
Committee of the Supervisory Board, whose other members are Etienne Davignon, Francis Mayer
and Jér™me Seydoux. The Governance Committee will be responsible for preparing the resolutions
to be submitted to the Extraordinary Shareholders’ Meeting and drafting the internal rules of the
future Board of Directors, to be discussed by the Supervisory Board.
The Supervisory Board believe that all of these decisions create the best possible basis for Accor’s
ongoing growth and development. Its members take this opportunity to pay tribute to Paul Dubrule
and Gérard Pélisson, the two co-founders, for their immense role in creating Accor and in building
Mr Simond will be appointed as non-voting director as soon as the
Company’s new bylaws have been approved.