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Pérès to step down as chief executive of Mövenpick Hotels

Pérès to step down as chief executive of Mövenpick Hotels

The chief executive of Mövenpick Hotels & Resorts, Jean-Gabriel Pérès, has informed the board of directors that he intends to step down from the leadership of the company after 17 years of contribution to the company’s growth and success.

Pérès will support the transition in leadership and will continue to make his extensive experience available to the hotel management company as a member of the board.

Mövenpick has initiated a search for a new chief executive, supported by Egon Zehnder Executive Search.

A decision is expected to be reached later this year.

Pérès will continue to serve as chief executive until his successor assumes leadership.

Under his leadership Mövenpick Hotels & Resorts underwent a transformative evolution from a mainly European-based hotel company with a leased hotel portfolio to a modern asset-light management company with a major presence in Europe and the Middle East and a strong entry into Africa and Asia.

Last year was one of the most successful years to date for Mövenpick Hotels & Resorts as the company signed 12 new management contracts and expanded its operating portfolio by 15 per cent.

With another 20 properties under negotiation, MHR has successfully established its status as one of the most dynamic players in the upscale hotel segment worldwide.

Going forward, the MHR Board will continue to support the company’s current strategy for continued growth through management contracts.

The incoming chief executive will be expected to drive value accretive initiatives including the development of commercial activities and the delivery of further system integration, enhanced distribution and active yield management.