European hotel giant Accor has reshaped its management structure to head off accusations of nepotism in the boardroom.
The move comes after the recent controversial appointment by co-founder Gérard Pélisson of his nephew as the company's new chief executive.
At a shareholder meeting yesterday the supervisory board and management board were scrapped in favour of a 17-strong board of directors.
The meeting's chairman, Serge Weinberg, said: "These changes correspond to a new stage in the group's history and reflect a desire to strengthen its governance structures."
Five of the appointees are non-French nationals.
The directors include Baudouin Prot, chief executive of international bank BNP-Paribas; Franck Riboud, chief executive of Danone; Theo Waigel, a former German minister of finance; and Sir Roderic Lyne, a former UK ambassador.
Chief executive Gilles Pélisson said: "I'm very pleased that the new board has shown such confidence in me and I look forward to joining the 168,000 other Accor employees as together we lead the group into a new stage in its development."
Under the new structure, Accor's founding co-chairmen Paul Dubrule and Gérard Pélisson will attend board meetings in an advisory capacity.
By Emily Manson
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