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Millennium hotels boss Jennifer Fox leaves after 10 weeks | Millennium hotels boss Jennifer Fox leaves after 10 weeks |
(35 minutes later) | |
The boss of Millennium & Copthorne (M&C) Hotels has stood down less than three months after taking over. | The boss of Millennium & Copthorne (M&C) Hotels has stood down less than three months after taking over. |
Group chief executive Jennifer Fox and M&C "have mutually agreed" she will leave with immediate effect, the company said. | Group chief executive Jennifer Fox and M&C "have mutually agreed" she will leave with immediate effect, the company said. |
In a statement, M&C said chief of staff Tan Kian Seng would take over until a permanent replacement was found. | In a statement, M&C said chief of staff Tan Kian Seng would take over until a permanent replacement was found. |
Ms Fox is a former president of Fairmont Hotels & Resorts, and spent 10 years at InterContinental Hotels. | Ms Fox is a former president of Fairmont Hotels & Resorts, and spent 10 years at InterContinental Hotels. |
The industry veteran replaced Aloysius Lee, who had resigned in January. | The industry veteran replaced Aloysius Lee, who had resigned in January. |
At the time of her appointment, she spoke of her ambitions for the company, whose brands include Millennium, Grand Millennium, Copthorne and Kingsgate. | At the time of her appointment, she spoke of her ambitions for the company, whose brands include Millennium, Grand Millennium, Copthorne and Kingsgate. |
"I see this as a significant opportunity at a time of great change in our industry," she said. | |
Ms Fox, who started work at M&C on 19 June, joined at a time when M&C's revenues were under pressure from rising costs, especially at its hotels in London. | |
She was working on a new strategic plan for the group, and had made two key appointments; new heads of global marketing and human resources. | |
Last month, the hotel group's revenues in the first half of the year fell to £477m, compared to £485m the previous year. Group chairman Kwek Leng Beng described the results as "mixed". | Last month, the hotel group's revenues in the first half of the year fell to £477m, compared to £485m the previous year. Group chairman Kwek Leng Beng described the results as "mixed". |