Wolfgang Newmann to Succeed Kurt Ritter at Rezidor Hotel Group

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Big news for the global hotel scene today: The Rezidor Hotel Group has announced the appointment of Wolfgang Neumann as President & Chief Executive Officer, effective January 1, 2013. Neumann currently serves as Rezidor’s Executive Vice President & Chief Operating Officer. He succeeds Kurt Ritter, President & Chief Executive Officer since 1989, who is retiring at the end of the year.

“Kurt Ritter is one of the hotel industry’s great leaders. We are grateful for the role he played in guiding the growth of Rezidor for more than two decades to be one of the fastest growing hotel companies. More recently he was instrumental in the integration of the Carlson Rezidor Hotel Group to become one of the largest and most dynamic hotel groups in the world,” said Trudy Rautio, Chairman of Rezidor’s Board of Directors and President & CEO of Carlson, noting that Ritter will assist Wolfgang M. Neumann as an advisor during a transition period of three months as from January 1, 2013 on, and afterwards continue to serve as a key strategic advisor to herself.

Ritter is one of the longest-serving CEOs in the hospitality industry. Under his leadership, Rezidor’s portfolio grew to more than 430 hotels with 95,000 rooms in operation and under development in 70 countries across Europe, the Middle East and Africa. Ritter was born in 1947 in his parents’ hotel in Switzerland and is a graduate of the prestigious École Hôtelière de Lausanne. His career highlights with Rezidor include a Master Franchise Agreement with Carlson to create Radisson SAS in 1994 and an agreement with Carlson in 2002 to also develop Country Inns & Suites, Park Inn and Regent in Europe, the Middle East and Africa. In 2005 Ritter signed a worldwide license agreement with Missoni to develop and operate the lifestyle brand Hotel Missoni. In 2006 he was responsible for Rezidor’s initial public offering at the Stockholm Stock Exchange. In September 2012 Ritter signed a Strategic Alliance Agreement with Regent Hotels & Resorts (RHR) to re-enter the luxury segment and to operate Regent hotels in Europe, the Middle East and Africa (RHR had acquired the brand and business from Carlson and Rezidor in 2010).

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Wolfgang Neumann joined Rezidor in May 2011. He was born in Austria and was educated at the Institute of Hotel and Tourism Management in Klessheim, Austria. He attended Senior Executive Management Courses at INSEAD Management School in France and Cornell University, Ithaca, N.Y. He spent more than 20 years with Hilton Hotels & Resorts and held various operational and corporate positions includin: President, United Kingdom and Ireland, and President, Europe and Africa. Prior to joining Rezidor, Neumann served as the Chief Executive Officer for Arabella Hospitality Group in Munich, Germany.

Through Route 2015—a comprehensive program launched in December last year—Rezidor aims to increase its EBITDA margin by 6 to 8 percent by the year 2015. The strategy puts a strong focus on revenue generation including global strategic partnership activities with Carlson, cost-saving initiatives, accelerated asset management programs and further growth of the fee-based hotel portfolio—with a focus on new and emerging markets such as Russia/CIS and Africa.

 

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