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Kurt Ritter to Remain Rezidor Hotel Group's President & CEO


April 18, 2011 - The Board of Directors of The Rezidor Hotel Group has decided to extend Kurt Ritter's employment agreement past its current expiration date of February 2012 for a period of three years. The terms of his employment agreement remain otherwise materially unchanged.
 
"Kurt Ritter has played a critical role in making Rezidor what it is today", said Hubert Joly, who was elected Chairman of Rezidor's Board of Directors at last week's Annual General Meeting. "Kurt's leadership will be key to drive the profitable growth of Rezidor over the next several years, including by leveraging the combined strengths of Rezidor and Carlson", continued Joly.
 
Kurt Ritter became Rezidor's President & CEO in 1989 and brought the group's portfolio of hotels in operation and under development to more than 400 properties with almost 90,000 rooms across Europe, Middle East & Africa.

About The Rezidor Hotel Group
The Rezidor Hotel Group is one of the fastest growing hotel companies in the world. The group features a portfolio of more than 400 hotels in operation and under development with 87,800 rooms in over 60 countries.

Rezidor operates the brands Radisson Blu Hotels & Resorts, Park Inn by Radisson and Country Inns & Suites in Europe, Middle East and Africa, along with the Club Carlson loyalty programme for frequent hotel guests. Under a worldwide licence agreement with the iconic Italian fashion house Missoni, Rezidor also operates and develops the new lifestyle brand Hotel Missoni.

In November 2006, Rezidor was listed on the Stockholm Stock Exchange. Carlson, a global hospitality and travel company, based in Minneapolis (USA), is the majority shareholder.

The Corporate office of the Rezidor Hotel Group is based in Brussels, Belgium.

For more information on Rezidor, visit http://www.rezidor.com
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Contact: 

The Rezidor Hotel Group
Christiane Reiter
 Director Corporate Communication
Tel. +32 2 702 9331
 Christiane.Reiter@Rezidor.com

The Rezidor Hotel Group
Renu Snehi
Director Corporate Communication
32 2 702 9241
renu.snehi@rezidor.com


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Also See: Rezidor Hotel Group Opens 169-room Hotel Missoni Kuwait in the Shopping District of Kuwait City / March 2011

Rezidor Hotel Group to Build Their 10th Hotel in West Africa: The Radisson Blu Hotel, Accra in Ghana / January 2011

Rezidor Hotel Group to Build New 233-room Park Inn London ExCeL at the ExCeL Exhibition Centre, London / January 2011

Rezidor Hotel Group Has Record Year of Hotel Openings with 7,200 Rooms / December 2010

Formosa International Hotels Corporation to Acquire Regent Luxury Hotel Brand From Carlson and The Rezidor Hotel Group AB; Formosa Plans to Grow Regent Brand with New Luxury Concept in Key Global Markets / April 2010

Carlson Hotels Adds 92 Hotels in 2009; Total Portfolio Totals 1,058 Hotels with 160,000 rooms in 77 Countries / January 2010

Carlson Hotels Adds 33 New Properties Spanning 13 Countries in the Second Quarter of 2009 / July 2009

Carlson Hotels Worldwide Adds 110 Hotels to its Five-brand, Global Portfolio in 2005; Systemwide Revenues Reaches USD$6 Billion / January 2006
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