BRITANNIA HOTELS ANNOUNCEMENT
Britannia Hotels announces the retirement of its founder and Chief Executive, Alexander Langsam, as a Director of the business.
Mr Langsam, 86, started Britannia in Manchester in 1976 and the group today has 64 hotels in Great Britain, and is still growing.
Mr Langsam always intended to retire before 2025, when he will turn 87, and his retirement comes after months of preparation. He will retain his shareholding in Britannia.
Robert Ferrari, who has been a Director of the group since 1986 and is currently CFO, will become the new Chief Executive.
Mr Langsam said: “I am incredibly proud of the hotel chain I built over the past 48 years, and I have every confidence that the business will go from strength to strength in future.
As a shareholder, I will continue to take an interest in the company – though I look forward to enjoying my retirement without the responsibilities of management.”
Mr Langsam intends to spend his retirement principally in Spain and Austria.
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