Less than a month after stepping down from his role as president and CEO of Apple Leisure Group, Alejandro Reynal is taking on the same position at Four Seasons Hotels and Resorts, succeeding John Davison.
Davison, a 20-year veteran of Four Seasons, announced his intention to retire late last year and remains a member of the company's board of directors.
Reynal spent three years with ALG, which was acquired by Hyatt Hotels Corp. in November. From 2011 to 2019, he was CEO of Atento, a global customer relationship management and business process outsourcing services company. Earlier in his career, he held management positions at Telefonica and The Coca-Cola Company.
Beyond Cascade Investment’s 71.25 percent stake in the company, an affiliate of Kingdom Holding Company—whose chairman is Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud—owns 23.75 percent of Four Seasons and Triples Holdings Limited—a company owned by Sharp—owns five percent.
What they said
Four Seasons founder and chairman Isadore Sharp said in a statement: "John Davison has been a tremendous leader and colleague for more than 20 years, and I am deeply grateful to him and our executive leadership team for their unwavering leadership through some of the hospitality industry's most challenging times.
“Alejandro joins Four Seasons as we mark the start of a new chapter, building upon our legacy of success and a culture that we have collectively championed over more than 60 years. He is a proven leader and executive, and even more importantly, a person of integrity with a deep commitment to excellence and a keen understanding of Four Seasons values and genuine heart."
Alejandro Reynal, new CEO of Four Seasons, said: "I look forward to working with the Board, executive leadership team, and the more than 50,000 employees worldwide whose dedication to excellence and personalized service sits at the heart of Four Seasons, and continuing to drive our success now and in the future. There are numerous strategic opportunities ahead, and we are well positioned to steer a new course in the luxury space that will further enhance the value and power of our brand."
Michael Larson, chief investment officer of Cascade Investment, a majority owner in Four Seasons with a 71.25 percent stake, said: "Throughout his career, Alejandro has led and inspired global teams to embrace innovation, leverage the power of data and insights, and deliver top financial performance and value to both investors and customers. We feel deep gratitude toward John and all that he has done to make Four Seasons even more successful and look forward to his contributions as a Board member as Alejandro builds on our shared vision toward achieving long-term strategic growth."