Room To Improve Accor's Governance | wsj.com

Accor has lost none of its taste for boardroom infighting. Officially, accumulated differences over strategy explain why Gilles Pélisson has unexpectedly checked out as chairman and chief executive officer after a successful five-year transformation of one of Europe's biggest hotel companies. But Mr. Pélisson's surprise departure raises questions about the French company's governance where investment firms Eurazeo and Colony Capital have the...