effective immediately. Bazin, who led European investment at the private
equity firm, also was a member of Accor's board, as Colony has been an Accor
investor. Philippe Citerne, who chaired the board prior to Bazin's appointment,
in a statement said that Bazin's "perfect understanding of the group, his
experience in the hotel sector and his strong international culture are all
assets to successfully lead the ongoing transformation of the group."
Accor's board in April
ousted CEO Denis Hennequin and has since operated with a
transitional executive team.