TORONTO, Feb. 14, 2018 /PRNewswire/ -- Four Seasons Hotels and Resorts, the world's leading luxury hospitality company, today announced that its President and Chief Executive Officer, J. Allen Smith, will be leaving his position at the end of 2018 upon the completion of his five-year contract with the Company.
Smith, who was appointed President and CEO in 2013, will continue to lead Four Seasons until the Board of Directors completes its search for a successor.
Commenting on behalf of the Board, Four Seasons Founder and Chairman Isadore Sharp said, "Through his five years of leadership, Allen has built an outstanding senior management team and successfully pursued strategic initiatives so the company is well positioned for the next chapter of its evolution and leadership. The Board and Allen are committed to a successful CEO transition and meeting their responsibility to maintain and enhance Four Seasons brand, people and service culture, and management capabilities. Four Seasons has never been stronger."
Smith said, "It is a profound honor and privilege for me to lead Four Seasons and I am deeply grateful to my colleagues whose passion for being the best is evident every day in all that they do. I have been fortunate to enjoy the tremendous support of our Board of Directors and hotel owners, who share a deep sense of commitment to our long term success."
About Four Seasons Hotels and Resorts
Founded in 1960, Four Seasons Hotels and Resorts is dedicated to perfecting the travel experience through continual innovation and the highest standards of hospitality. Currently operating 109 hotels and resorts, and 38 residential properties in major city centres and resort destinations in 46 countries, and with more than 50 projects under planning or development, Four Seasons consistently ranks among the world's best hotels and most prestigious brands in reader polls, traveller reviews and industry awards. For more information and reservations, visit fourseasons.com. For the latest news, visit press.fourseasons.com and follow @FourSeasonsPR on Twitter.