Accor appointed Gilles Pelisson, head of Bouygues Telecom, as its new chief executive ending a chaotic recruitment process that had created uncertainty around Europe's biggest hotel group.
Accor also said Gerard Pelisson, Gilles' uncle and co-founder of the leisure group, would resign from its supervisory board.
Gerard Pelisson would be replaced by Serge Weinberg, former head of French retailer PPR (PRTP.PA) also an administrator of the telecoms-to-construction group Bouygues (BOUY.PA) and French Electrical equipment maker Schneider Electric (SCHN.PA).
Gilles Pelisson, who worked for 12 years at Accor in the 1980s and early 1990s, is widely credited with having helped build up Bouygues Telecom into France's third largest mobile operator with a 17 percent market share.
He will take over from Jean-Marc Espalioux as chief executive of Accor on Jan. 16, 2006.
Weinberg will start as non-executive chairman on Jan. 3, 2006.
The board changes come as Accor, whose capital was boosted by a 1 billion-euro investment from U.S. fund Colony Capital, is starting to recover from a series of blows that have hit the travel industry since the Sept. 11, 2001 attacks.
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Source - Reuters
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