CEO Turnover Study 2013: A profile of hotel industry leadership – A 10 year review
By Chris Mumford, Thomas Mielke, Nina Gold
By Chris Mumford, Managing Director at AETHOS Consulting Group and Thomas Mielke, Managing Director at AETHOS Consulting Group
The following paragraphs look at the past 10 years and the changes that the hospitality industry has seen at CEO-level – where do they come from, what sets them apart and what are their qualifications….? Step-by-step, the following pages will paint a picture of our industry CEOs and profile the individuals who are leading the hotel sector around the world.
CEO turnover among the world's 50 largest hotel firms in 2013 was 10% down from a 2012 figure of 16%. Leaders who took office in 2013 were Sébastien Bazin (Accor), Lee Chee Koon (Ascott), Wolfgang Neumann (Carlson Rezidor), Frank Fiskers (Scandic), and Peter Gowers (Travelodge). New CEO arrivals always tend to prompt speculation from employees, shareholders, analysts, media, and industry colleagues as to the likely performance of the hire and of the hiring organization. Such transition events also give us a chance to take stock, look at the CEO role in the hotel world from a holistic standpoint and explore the profile of these industry titans.
In a bid to answer such questions as – how long will the CEO last? Is there a new breed of CEO? Are the required qualifications of CEO candidates changing? Are shareholders having more say in who gets hired and how long they stay? – we looked at CEO turnover in the hotel industry over the last 10 years and examined the profiles of those leaders at the 50 largest companies from each year as published by HOTELS Magazine.
Phone: +44 (0)20 7065-1392