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Franck Riboud Steps Down from Accor’s Board of Directors

January 8, 2013 - Accor has announced that Franck Riboud stepped down from the Company’s Board of Directors effective December 31, 2012. His decision was in line with the recommendation limiting the number of directorships that should be held by an executive director in accordance with good corporate governance practice.

Mr. Riboud was first elected to Accor’s Supervisory Board on July 3, 2001 and subsequently became an independent director following the change in the Company’s governance structure on January 9, 2006. He was also a member of the Compensation, Appointments and Corporate Governance Committee.

In the coming weeks, the Compensation, Appointments and Corporate Governance Committee will review the various options and make a recommendation to the Board of Directors concerning the composition of the Board following Mr. Riboud’s departure.

Denis Hennequin, Accor’s Chairman and Chief Executive officer said: “I would like to sincerely thank Franck Riboud for his outstanding contribution to Accor’s corporate governance during more than ten years. Franck played an essential role in reshaping our Group, through his engagement, strategic vision and deep understanding of the globalization issues facing our industry, backed by his widely recognized independence of mind.”

About Accor
Accor, the world's leading hotel operator and market leader in Europe, is present in 92 countries with 4,400 hotels and more than 530,000 rooms. Accor's broad portfolio of hotel brands - Sofitel, Pullman, MGallery, Novotel, Suite Novotel, Mercure, Adagio, ibis, all seasons/ibis styles, Etap Hotel/ibis budget, hotelF1 and Motel 6 - provide an extensive offer from luxury to budget. With 160,000 employees worldwide, the Group offers to its clients and partners nearly 45 years of know-how and expertise.
Media Contact:

Hospitality NetAccor

Agnès Caradec
Senior Vice President, Corporate Communications and External Relations
Phone: +33 (0)1 45 38 87 52

Elodie Woillez
Phone: : +33 (0)1 45 38 87 08

Sebastien Valentin
Vice President, Investor Relations and Financial Communication
Phone: +33 (0)1 45 38 86 25

Léa Ledermann
Investor Relations
Phone: : +33 1 45 38 86 36

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Also See: Accor Opens the 178-room Novotel Sofia in Bulgaria's Capital City / December 2012

Accor to Begin 2013 with a New Brand-Based Organization of its Operations in Europe; Appointing Four New Brand COOs and Creating a New Business Model for Each of the Brands: Pullman, MGallery, Mercure, Novotel, Suite Novotel, ibis, ibis Styles and ibis budget / December 2012

Accor's Sofitel Paris La Défense Under a $28.7 million Sale & Management-Back Agreement; Hotel will Continue to be Operated by Accor Under a Long Term Management Contract / December 2012

Blackstone Group Acquires the 415-room Sofitel Chicago; Accor to Retain Management of Property / November 2012

Isabelle Birem Joins Accor as Senior Vice President Direct Sales / April 2012

Accor Tailors Mercure for China with the Launch of ‘Mei Jue’ Brand; A Tailor-Made Grand Mercure for the Chinese Upscale Market / February 2012

Accor's Pullman Hotels Expands in Europe with the Pullman Munich in Germany and the Pullman Eindhoven Cocagne in The Netherlands / February 2012

Accor Opens its 150th hotel in Brazil with the 166-room Novotel Porto Alegre Aeroporto; Aiming at a Network of 250 hotels in Brazil by 2015 / February 2012

Accor Completes Another Record Year of Expansion in Asia Pacific; Adds 67 Hotels in the Region and Acquires Mirvac Hotels & Resorts / January 2012

Chef Jérôme Chautard Appointed as Executive Sous Chef for VIE Hotel Bangkok and its VIE Wine and Grill Restaurant in Thailand / January 2012

VIE Hotel Bangkok and V Villas Hua Hin Appoints Wanida Tardivel as Director of Business Development & Strategy / May 2011

Accor's McGallery Adds Two Resorts in Thailand; 69-room Veranda High Resort Chiang Mai and 118-room Veranda Resort & Spa Hau Hin-Cha Am / March 2011

Accor Appoints its First Fiji-born Hotel Manager, Jack Work, as Hotel Manager of the Mercure Nadi in Fiji / March 2011

Accor Terminates Gilles Pélisson as CEO, Denis Hennequin to Assume Position January 2011 / November 2010

Accor Plans to Double the Number of Hotels in Latin America to 300 Following Separation of the Hospitality and Service Units / July 2010

Que Huong Liberty Building a 300-room Accor Branded Pullman Hotel in Ho Chi Minh City / June 2010

The Que Huong – Liberty Group and Accor Building a 350 room Novotel Hotel on the Site of the Metropole Hotel in Ho Chi Minh City, Vietnam / November 2009

Accor Rebranding the Former Grand Mercure La Veranda Resort and Spa to La Veranda Resort and Spa Phu Quoc, a Member of MGallery Collection of Hotels / August 2009

Accor Asia Pacific Expansion Continues with Five New Pullman Hotels in China, Thailand and Vietnam / August 2009

One of Australia’s Most Iconic Properties, Cradle Mountain Lodge, Joins Accor’s MGallery Collection / July 2009

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