BNP Paribas said that the appointments of Gilles Pelisson as Accor CEO and Serge Weinberg as president of the company's supervisory board pave the way for 'a real improvement of corporate governance' at the hotel group.
This statement, given by a BNP spokesperson, would seem to draw a line under the bank's decision last week, taken along with two other institutional investors in Accor, to withdraw from the process to select a successor to Jean-Marc Espalioux, the outgoing Accor CEO, analysts said.
BNP Paribas, Caisse des Depots and Societe Generale claimed that the selection process was biased in favour of one candidate. There was widespread speculation in the press that the contentious candidate was Gilles Pelisson, the nephew of Gerard Pelisson, who co-founded Accor along with Paul Dubrule.
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