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Kurt Ritter, president and ceo of Rezidor for the past 19 years, is to stay on as the hotel group”s chief until February 2012.
Rezidor said Mr Ritter had made the group ”a major global player in the hotel industry” since becoming ceo in 1989.
Urban Jansson, chairman of Rezidor, said: ”This decision will further fortify and ensure the continuity of a strong leadership under which Rezidor has delivered an unparalleled growth.
”We are proud of his achievements and happy to be able to further count on his experience, knowledge and long term view on the business for another three years.”
The 61-year-old Swiss national joined the group in 1976 as general manager of the SAS Lule” hotel in Sweden.
Mr Jansson added: ”He”s probably the longest serving ceo within the industry.”
Belgium-based Rezidor operates 350 hotels in 53 countries across Europe, the Middle East and Africa.
It is currently focusing on development in Russia and the CIS.
Its brands include Radisson SAS Hotels & Resorts, Regent Hotels & Resorts, Country Inns & Suites and Park Inn.
Rezidor has also recently signed a deal to develop and operate a new lifestyle brand, Hotel Missoni, named after the Italian fashion house.