Sébastien Bazin Appointed Chairman And CEO Of Accor

Chairman and CEO of Accor Sébastien Bazin. Copyright: Reuters

The Board of Directors of Accor that convened on 27 August 2013, chaired by Philippe Citerne, decided to appoint Sébastien Bazin as Chairman and CEO of Accor.

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.

Yann Caillère, CEO of Accor, is to leave the Group. The board warmly thanked him for his action in the service of Accor for seven years.

About Sébastien Bazin

Aged 51, Sébastien Bazin began his career in the finance sector in 1985 in the United States.

Back in France in 1990, he was appointed as Director of the investment bank Hottinger Rivaud Finances and then, in 1992, chose to devote himself to the hotel sector by becoming CEO of Immobilière Hôtelière company, specialized in high-end hotel developments.

In 1997, he joined Colony Capital with an entrepreneurial roadmap: to install and develop from Paris the European branch of the private investment firm founded in 1991 in Los Angeles by Tom Barrack. Within 15 years, he successfully established Colony Capital among the European leaders of the industry, with more than 7 billion euros under management on behalf of French and international renowned investors.

At Colony Capital, he managed and participated in a number of investments in the hotel sector, including the buyout of the luxury hotel chains Fairmont and Raffles, acquisition and management of hotel assets from La Générale des Eaux, Club Méditerranée and Accor, acquisition of a stake in Lucien Barrière Group, and investment in Accor.

Sébastien Bazin is the Vice-Chairman of the supervisory board of the Gustave Roussy Foundation.