by Michael J. Shapiro | May 29, 2019

The board of luxury hotel company Four Seasons has named John Davison the company's president and CEO. Davison had been acting as interim CEO since the end of 2018, when former head J. Allen Smith's five-year contract ended.

Davison has been with Four Seasons for nearly 18 years, starting as an executive in 2002 and serving as CFO since 2005. The 60-year-old hospitality veteran previously oversaw Four Seasons global residential business as well. Prior to joining Four Seasons, he was president, COO and CFO at entertainment technology company IMAX Corp.

"I am extremely pleased with the selection of John as Four Seasons CEO," said Four Seasons founder and chairman Isadore Sharp. "Since John assumed the interim role, Four Seasons has earned record financial results. But just as importantly, over the years he has proven his dedication to advancing the vision and values of our company, earning the trust and respect of the entire board and management team as well as his colleagues throughout the world."

Four Seasons, which was founded by Sharp in 1960, now numbers 115 hotels and 42 residential properties across 48 countries. It has been privately run since 2007.

"It is a privilege to continue working alongside our board, our leadership team and our more than 45,000 talented and dedicated employees as we take Four Seasons into the next phase of its continued growth and innovation," commented Davison. "With a record number of hotel and residential project openings on the horizon, Four Seasons is expanding faster than at any time in its 60-year history."

The company currently has more than 50 projects in the planning and development stages.