To take on this new role, Sébastien Bazin has ended all his duties at Colony Capital, which he had been heading since 1997. Philippe Citerne has been appointed as Vice-Chairman of Accor's Board of Directors.Philippe Citerne declared: “following the selection procedure, the Board has considered Sébastien as the best choice for Accor, among all high quality candidates that have been examined. His 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, to ensure its development and assert itself as a
world leader in the industry ".

Gerard Pélisson and Paul Dubrule, co-founders of Accor said: "We have expressed our support to this appointment during the meeting of the Board. We have known Sébastien for over 10 years. We have always had frank and direct relationship with him. He has proven his commitment to this group that we founded more than 40 years ago, and to its values. We are convinced that he will be able to give the fresh impetus Accor needs to continue to develop over time”.

Sébastien Bazin declared: “I take on this new role with great ambition for the Group, to which I am deeply committed, and acute awareness of the challenges it currently faces. I want it to find the boldness, dynamism and desire which it has always been led by. And I wish us to work all together, employees, franchisees and partners, directors and shareholders, and that we will work confidently towards a common goal: to develop the Group to the very highest level with commitment and stringency”. Yann Caillère, CEO of Accor, is to leave the Group. The board warmly thanked him for his action in the service of Accor for 7 years. The Board also expressed its gratitude for his commitment over the past few months during which he fully assumed the responsibilities that were his.