by Cheryl-Anne Sturken | May 08, 2017
Following its annual earnings call on April 28, China-based HNA Group, which in April 2016 acquired Minneapolis-based Carlson Hotels along with Carlson's 51.3 percent stake in Brussels, Belgium-based hotel company Rezidor, has begun shuffling the two chains' leadership while planning its global strategy going forward.
Federico González-Tejera, the former CEO of Spanish hotel group NH Hotels, who was named CEO of Carlson Hotels this January, has now resigned that post and will become president and CEO of Rezidor, which has hotels in Europe, the Middle East and Africa. Meanwhile, current Rezidor CEO, Wolfgang M. Neumann, will step down from that post and serve as a non‐executive director on the Rezidor board of directors. In addition, John Kidd, current president of HNA Group, will become CEO of Carlson Hotels.
In addition to making management changes, Rezidor and Carlson Hotels have announced that they will create a global steering committee to provide overall strategic direction to both companies. The committee, which has been approved by the boards of both chains, will provide guidance and strategic counsel and will be made up of an equal number of representatives from both companies. In addition, both Carlson Hotels and Rezidor will continue to operate as independent entities, and the companies will continue to be governed and led by each company's respective boards and key executives.
In a statement announcing the new committee and change in management, Daniel Charles Mobus, director of the Rezidor board, said, "Rezidor and Carlson Hotels share a rich history, and their partnership remains an important component to both companies' global success. Over the past few months, Rezidor and Carlson Hotels have carefully studied the ways in which the companies' relationship can be enhanced in order to maximize value and growth potential. As a result, the boards of both companies have determined that this new strategic approach will enable both Rezidor and Carlson Hotels to deliver improved results by better capitalizing on their existing relationship and maximizing the potential of their combined international footprint."
"Rezidor's relationship with Carlson Hotels creates numerous opportunities for growth and success," said González-Tejera. "The establishment of a global steering committee will ensure that both businesses are in lock‐step and are able to make more informed decisions that will benefit each entity and the Carlson‐Rezidor family as a whole. As CEO of Rezidor, and in close collaboration with the steering committee, I believe that we can realize tremendous value for Rezidor's shareholders and both companies' customers and employees."