
The hotel group's largest shareholder wants a new CEO before Bazin's term ends in May 2028
AI-generated summary
Parvus holds 15% of the capital of Accor, making it the largest shareholder of the French hotel group. Sébastien Bazin has led Accor since 2012 and his mandate runs until May 2028. At the end of May, on the eve of the general meeting, the fund's managers agreed to vote in favor of the CEO's remuneration, on the condition that the latter announced that he was ready to shorten his mandate. Just after the AGM, the board of directors entrusted the Egon Zehnder firm with the mission of finding a new boss.
The largest shareholder of Accor (15%), Parvus is determined to accelerate the search for a successor to Sébastien Bazin, CEO of the French hotel giant since 2012. At the end of May, on the eve of the general meeting, the managers of the fund had agreed to vote in favor of the CEO's remuneration, on the condition that the latter announced that he was ready to shorten his mandate, supposed to end in May 2028. Just after the AGM, the board of directors had entrusted the Egon Zehnder firm with the mission of finding a new boss.
The board of directors has still not established a “short list”
AI outlook — possibilities, not facts
Accor's board of directors will establish a short list of candidates to succeed Sébastien Bazin in the coming weeks
Likely · Within weeks

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