July 12, 2024
English TKP News

Four Seasons Hotels and Resorts names President and CEO

The hotel chain announces that Alejandro Reynal will be responsible for leading the iconic luxury brand into its next chapter of continued growth, innovation and strategic development in new and existing lines of business

Four Seasons Hotels and Resorts, the world’s leading luxury hotel company, today announced that its board of directors has appointed Alejandro Reynal as president and chief executive officer effective October 17. Mr. Reynal succeeds John Davison, a 20-year Four Seasons veteran who announced his intention to retire late last year and remains a member of the Company’s Board.

With more than two decades of executive leadership experience in the global travel and hospitality, business services and telecommunications industries, Mr. Reynal, 49, most recently served as Chairman and CEO of Apple Leisure Group, a leading group in management of luxury resorts and pleasure trips. , owned by Hyatt Hotels Corporation. From 2011 to 2019, Mr. Reynal was CEO of Atento, a global business process outsourcing and customer relationship management services company. Earlier in his career, Mr. Reynal held strategic management positions at Telefónica and The Coca-Cola Company.

“Alejandro is a highly respected and experienced CEO who will guide Four Seasons through the next phase of its evolution as one of the world’s leading luxury brands,” said Michael Larson, chief investment officer at Cascade Investment. “Throughout his career, Alejandro has led and inspired global teams to embrace innovation, harness the power of data and insights, and deliver best-in-class financial performance and value to investors and clients alike. deep gratitude to John and all he has done to make Four Seasons even more successful and we look forward to his contributions as a member of the Board as Alejandro builds on our shared vision for long-term strategic growth.”

Four Seasons Founder and Chairman Isadore Sharp said, “John Davison has been a tremendous leader and colleague for more than 20 years, and I am deeply grateful to him and our executive leadership team for their unwavering leadership in some of the most difficult times in the hotel industry”. Alejandro joins Four Seasons as we usher in a new chapter, building on our legacy of success and a culture we’ve collectively championed for more than 60 years. He is a proven leader and executive, and more importantly, a person of integrity with a deep commitment to excellence and a keen understanding of Four Seasons values ​​and a genuine heart.”

“I am honored to join Four Seasons, a company I have always admired for its unwavering focus on its values ​​and its bold innovative spirit,” said Mr. Reynal. “I look forward to working with the Board, the executive leadership team and the more than 50,000 employees around the world whose dedication to excellence and personalized service are at the heart of Four Seasons and continue to drive our success now and in the future.” There are numerous strategic opportunities ahead, and we are well positioned to take a new direction in the luxury space that will further enhance the value and power of our brand.”

The majority owner of Four Seasons Hotels and Resorts with a 71.25 percent stake is Cascade Investment LLC, which owns the personal assets of Bill Gates as well as the Bill & Melinda Gates Foundation Trust. A subsidiary of Kingdom Holding Company, whose chairman is His Royal Highness Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud, owns 23.75 percent, and Triples Holdings Limited, a company owned by Four Seasons founder and chairman Isadore Sharp, owns five percent. As a management company, Four Seasons also works closely with its global ownership partners in the development and continued success of each of its 124 properties around the world.

Reinforcing its position as a leading luxury brand, Four Seasons recently opened its 50th residential property, announced its custom yacht offerings and celebrated the inaugural flight of its new Private Jet experience. With an expanding retail business and a growing portfolio of 550 restaurant and bar outlets worldwide, Four Seasons continues to set the standard for luxury experiences at every touch point of the guest journey.

 

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