Accor: Parvus wants to accelerate the succession of Sébastien Bazin
The hotel group's largest shareholder, the investment fund is calling for changes at the head of the group and wishes to exert its influence on the strategy.
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The hotel group's largest shareholder, the investment fund is calling for changes at the head of the group and wishes to exert its influence on the strategy.
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 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, which was 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.
Nearly six months later, if the headhunter has established a list of internal candidates and another of external candidates, the nominations committee has still not established a short list and even less chosen the future number 1. Enough to irritate the first shareholder, not represented on the board? In any case, Parvus wrote to the Stock Exchange policeman on November 2. In this statement of intent, revealed by Glitz, the fund reveals that it “considers requesting…
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Machine-translated from French
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Only Le Figaro reports this story so far. We show it as a single source until another newsroom confirms it.
- Le Figaro10 Nov, 17:51
| Publisher Le Figaro (established tier) | +76 |
| Detailed summary | +2 |
| Total | 78 |
Method: reports are grouped by the words of their headline and summary; each newsroom counts once; figures are read from the reports as published. Nothing here is written by an AI.