Four Seasons Hotels and Resorts’ President and CEO, John Davison, has announced he will be retiring and stepping down from the dual role in 2022. Davison, 63, has been with the hospitality company for nearly 20 years.
Davison will continue to lead the company until the selection and on boarding of a new CEO is completed next year. He has also accepted an appointment to Four Seasons Board of Directors.
“I’ve been tremendously honoured and grateful to work alongside our Board, executive leadership team, and more than 40,000 talented, dedicated employees worldwide as we continue to navigate the historic challenges brought about by the pandemic,” Davison said.
“With our long-term strategic planning process well underway, now is an ideal time to begin the process of handing over the reins to a new CEO who will have the duration and runway to shape and implement execution of our plans in the years ahead.”
“As we look forward to the future, I am more confident than ever that Four Seasons is well-positioned to capitalise on the many growing opportunities within the luxury market globally.
“I am incredibly grateful to my colleagues worldwide for their unwavering dedication and commitment and look forward to continuing to do all I can to support Four Seasons in the next chapter of its remarkable history,” he said.
Davison joined Four Seasons in 2002 and, after successive leadership roles in the company, was appointed Chief Financial Officer in 2005. In 2018, Davison was appointed interim-CEO and was permanently appointed to the position in 2019.
Before joining Four Seasons, Davison spent 14 years at Imax Corp., rising to President, Chief Operating Officer and Chief Financial Officer.
The search process for Four Seasons’ new CEO has commenced.