The management changes, announced today by Accor�s Deputy Chairman Asia Pacific, Jochen Dobel, include the following appointments:

• Reggie Shiu � Senior Vice President Operations, based in Bangkok, with additional direct responsibilities for Korea;

• Richard Kaldor � Vice President China, based in China and to be in charge of development, human resources, technical services and sales and marketing. Mr Kaldor was previously Director of Operations for Vietnam;

• Gerhard Zimmer � Director of Operations China, Hong Kong, Taiwan, based in China. Previously Mr Zimmer was Director of Operations China;

• Oswald Pichler � Director of Operations Thailand, Cambodia, Myanmar, Laos, Vietnam, based in Bangkok. Previously, Mr Pichler was Director of Operations Indonesia, Malaysia and Singapore;

• Patrick Basset � Director of Operations Singapore, India, Malaysia, Philippines, based in Bangkok. Previously Mr Basset was Director Special Projects;

• Gerard Guillouet � Director of Operations Indonesia, based in Jakarta. Mr Guillouet is currently General Manager of Hotel Ibis Slipi in Jakarta and one of Accor�s most experienced General Managers in Indonesia

• Georges Sirguey, previously Director of Operations for Korea, is returning to Europe to take up a management position with Accor;

• Michel Molliet, previously Director of Operations Thailand, Cambodia, Myanmar and Laos, is to move to another position in Accor�s Asia Pacific region. The new role will be announced shortly when details are finalised.

�The new structure places greater focus on operational priorities, with the strengthening of our team in China emphasising our recent growth in the country.�

Mr Dobel said the changes would be implemented over the next three months and would be operational by the start of January, 2001.