Posted 2/5/2013 - 12:41:12 PM
TORONTO—Kathleen Taylor will be vacating her role as CEO of Four Seasons Hotels and Resorts.
Taylor assumed the role from Isadore Sharp, the founder of Four Seasons, in 2010. She has been with the company for almost 25 years. During that time, the business quadrupled in size, increased its global footprint from three countries to operations in 37 countries and developed strategic partnerships with more than 100 hotel owners and developers.
Sharp, who continues as chairman and a shareholder, said this in a statement: "I am deeply grateful to Katie for her nearly 25 years of outstanding service and wish her well in the next phase of her career. Katie has been a trusted colleague and fundamental to building Four Seasons into the admired and successful company it is today. She leaves us with a strong foundation for the future and we remain firmly committed to leadership in luxury hospitality and accelerating our goals for long-term growth.”
“Throughout my almost quarter century with Four Seasons the one constant has been the power of the employees —they have always been my inspiration,” said Taylor in a statement. “I am also immensely proud of the members of my Executive Leadership Team (ELT) and going forward, it is they, along with the nearly 40,000 employees that will fulfill the vision that we have put in place together, driving the future success of the company.”
Ferguson Partners Ltd., an executive search firm, will assist Four Seasons in the search for a successor. In the interim, the nine-member ELT will manage the company with oversight from the company’s board.