People

Radisson CEO departs

Insight Comment
Reading the tea leaves on this one it looks like Jim Alderman’s departure was a pretty abrupt one and given his extensive industry experience a move to a rival hotel company seems on the cards.

Jim Alderman has stepped down as CEO of Radisson Hotel Group Americas with the company drafting in chief commercial officer Tom Buoy to replace him on an interim basis.
The company said Alderman had left to “pursue other opportunities” and has started its search for a replacement.

"Our plan is to continue to move forward with the vision set forth by our board and executive team to grow the company," said Tom Buoy, interim CEO. "We have an exceptional internal team of leaders focused on making Radisson Hotel Group Americas better for owners, franchisees, team members, and investors alike, and I am very confident we will continue to grow in 2022 and beyond."

Industry veteran Alderman joined Radisson in March 2020, he was previously chief development officer at Extended Stay America. Prior to that he had also worked at Kimpton Hotels & Restaurants, Wyndham Hotels & Resorts, Starwood Capital, IHG and Ernst & Young.

Earlier this year, Radisson effectively split itself in two with Radisson Hotel Group Americas looking after operations in the United States, Canada, Latin America and the Caribbean and Radisson Hotel Group representing Europe, the Middle East, Africa and Asia-Pacific.

The move was to get around US regulations relating to foreign ownership. The company is owned by China’s Jin Jiang.