At Accor's annual general meeting on Wednesday, Sébastien Bazin was reappointed chief executive of the hotel group for another three years, until 2028. The proposal was approved by 85% of shareholders. His previous term of office ran until May 2026.
In February, Sébastien Bazin announced at the annual results' presentation that he wanted to see his mandate extended so that he could "finish the job". He cited five priorities, including operational excellence, the growth of its lifestyle brands under the Ennismore umbrella and finalizing the sale of AccorInvest, now Essendi.
Sébastien Bazin has been at the head of Accor since 2013. During his professional career, he was chief executive of Hottinguer Rivaud Finances, an investment bank, in 1990, then CEO of L'Immobilière Hôtelière, a hotel developer in France, in 1992.
In 1997, he joined Colony Capital, a private real estate investment company, to head its European subsidiary and lead several acquisitions, mainly in the hotel sector. He joined Accor's board of directors in 2005 and, via Colony Capital, became a shareholder in Paris Saint-Germain in 2006 and chairman of the club in 2009. In August 2013, he resigned from his position at Colony Capital before being appointed CEO of Accor.
The hotel group's general meeting of shareholders approved the appointment of a new independent director, American Katherine Fleming. In addition, seven other directorships, including that of Nicolas Sarkozy, the former president of France, were renewed.