Wolfgang M. Neumann appointed new President & CEO of Rezidor

The Board of Directors of the Rezidor Hotel Group has appointed Wolfgang M. Neumann as new President & Chief Executive Officer (CEO) of Rezidor; effective January 1, 2013. He succeeds Kurt Ritter who is retiring at the end of the year. Wolfgang M. Neumann (50 years) is since May 2011 Chief Operating Officer (COO) & Executive Vice President of the Rezidor Hotel Group. "We are pleased to announce Wolfgang M. Neumann as Kurt Ritter's successor. He has an extensive experience in international hotel management. Wolfgang will build on Rezidor's strengths as an industry leader, and will continue to focus on revenue generation and profitable growth", said Trudy Rautio, Chairman of the Rezidor Hotel Group and President & CEO of Carlson. Kurt Ritter (65 years) is stepping down on his own request after 23 years as President & CEO of Rezidor. He will assist Wolfgang M. Neumann as an advisor during a transition period of three months as from January 1, 2013, and will afterwards continue to serve as a key strategic advisor to Trudy Rautio. "We are very grateful for the role Kurt Ritter has played in guiding the growth of Rezidor for more than two decades to be one of the fastest growing hotel companies", said Trudy Rautio. "More recently he was instrumental in the integration of the Carlson Rezidor Hotel Group to become one of the largest and most dynamic hotel groups in the world." For further information, kindly contact: Investor Relations: Ebba Ankarcrona, Director Investor Relations ebba.ankarcrona@rezidor.com Media Relations: Christiane Reiter, Senior Director Corporate Communication christiane.reiter@rezidor.com For further background information, kindly refer to the attached detailed media release Press release PDF: http://hugin.info/142138/R/1643980/529573.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Rezidor Hotel Group via Thomson Reuters ONE [HUG#1643980]