Rezidor’s Nominating Committee supplements its proposal

20 Apr 2012

 

The Nominating Committee of Rezidor Hotel Group AB (“Rezidor”) consists of William Van Brunt representing the Carlson group as Chairman, Jan Andersson representing Swedbank Robur funds and Peter van Berlekom representing Nordea Investment Funds.

On 27th of March 2012 the Nominating Committee’s proposals for Rezidor’s Annual General Meeting on Wednesday, 25th of April 2012 were published.

Based on subsequent discussions, the Nominating Committee determined that the Board of Rezidor should include a position of Vice Chairman with an increase in remuneration for this added responsibility. As a result, the Nominating Committee supplements and amends its proposal to the Annual General Meeting 2012 under item 12 of the agenda concerning Board remuneration by (i) providing remuneration to the Vice Chairman of € 50,000 and (ii) increasing the total Board remuneration by €14,000 to €381,000, as a consequence.

Mr. Van Brunt, the Chairman of the Nominating Committee, states that in addition to enhancing governance of Rezidor Hotel Group AB, the intent of the Carlson group, as the majority shareholder, is that as long as a Director who is not independent of the Carlson group holds the position of Chairman of the Board, the position of Vice Chairman would be filled by a Director independent of both the Carlson group and Rezidor, to ensure that that there is a clear understanding that the focus of the Board of Directors and Rezidor is on all shareholders.

 

For further information, kindly contact:
Marianne Ruhngaard, General Counsel and Secretary of the Board
Tel: +32 2 702 9308
E-mail: marianne.ruhngaard@rezidor.com

 

About the Rezidor Hotel Group

The Rezidor Hotel Group is one of the fastest growing hotel companies worldwide and a member of the Carlson Rezidor Hotel Group, one of the world’s ten largest hotel groups. Rezidor features a portfolio of 427 hotels in operation and under development with over 93,000 rooms in 69 countries. Rezidor operates the brands Radisson Blu and Park Inn by Radisson in Europe, the Middle East and Africa, along with the Club Carlson loyalty programme for frequent hotel guests. Under a worldwide license agreement with the iconic Italian fashion house Missoni, Rezidor also operates and develops the luxury lifestyle brand Hotel Missoni.

In November 2006, Rezidor was listed on the Stockholm Stock Exchange. Carlson, a privately held, global hospitality and travel company, based in Minneapolis (USA), is the majority shareholder.

The Corporate office of The Rezidor Hotel Group is based in Brussels, Belgium. For more information, visit www.rezidor.com and www.carlsonrezidor.com