Four Seasons Hotels and Resorts announced that president and ceo J. Allen Smith will leave those posts at the end of this year, upon the completion of his five-year contract with the Toronto-based hotelier. Smith, who was appointed to his position in 2013, will continue to lead Four Seasons until its board completes a search for a successor.
“Through his five years of leadership, Allen has built an outstanding senior management team and successfully pursued strategic initiatives so the company is well positioned for the next chapter of its evolution and leadership,” says Isadore Sharp, Four Seasons founder and chairman. “The board and Allen are committed to a successful ceo transition and meeting their responsibility to maintain and enhance Four Seasons brand, people and service culture and management capabilities. Four Seasons has never been stronger.”
Smith added: “It is a profound honor and privilege for me to lead Four Seasons and I am deeply grateful to my colleagues whose passion for being the best is evident every day in all that they do. I have been fortunate to enjoy the tremendous support of our board of directors and hotel owners, who share a deep sense of commitment to our long term success.”
Founded in 1960, Four Seasons Hotels and Resorts currently operates 109 hotels and resorts, and 38 residential properties in 46 countries. The company has more than 50 projects in its development pipeline.