Four Seasons names John Davison Chief Financial Officer
August 23 2005 - 5:05PM
PR Newswire (US)
TORONTO, Aug. 23 /PRNewswire-FirstCall/ -- Four Seasons Hotels Inc.
(TSX Symbol "FSH.SV"; NYSE Symbol "FS") announced today the
appointment of John Davison, a senior Four Seasons executive, as
Chief Financial Officer. Mr. Davison replaces Douglas Ludwig who is
stepping down as CFO in order to take early retirement. "The
success of Four Seasons rests on a strong financial foundation,"
said Isadore Sharp, Chairman and Chief Executive Officer. "Doug
Ludwig has been a significant contributor in establishing that
foundation, and in building the team who will take it forward. We
thank him for his years of service, and wish him well." John
Davison is being promoted from within the Company, having joined
Four Seasons in 2002 after a 14-year career with IMAX Corporation.
At IMAX he served as Chief Financial Officer for more than 10
years, before becoming President and Chief Operating Officer in
1999. Mr. Davison is a Chartered Accountant and Chartered Business
Valuator, and received his Bachelor of Commerce from the University
of Toronto. "John was recruited to Four Seasons in 2002 as an
important addition to our senior financial management team," said
Mr. Sharp, "and he has since made an outstanding contribution to
our business. His leadership skills and depth of international
management experience make him well suited to lead our highly
qualified corporate finance team." + + + + + Dedicated to
continuous innovation and the highest standards of hospitality,
Four Seasons invented luxury for the modern traveler. From elegant
surroundings of the finest quality, to caring, highly personalized
24-hour service, Four Seasons embodies a true home away from home
for those who know and appreciate the best. The deeply instilled
Four Seasons culture is personified in its employees - people who
share a single focus and are inspired to offer great service.
Founded in 1960, Four Seasons has followed a targeted course of
expansion, opening hotels in major city centers and desirable
resort destinations around the world. Currently with 65 hotels in
29 countries, and more than 20 properties under development, Four
Seasons will continue to lead luxury hospitality with innovative
enhancements, making business travel easier and leisure travel more
rewarding. For more information on Four Seasons, visit
http://www.fourseasons.com/. DATASOURCE: Four Seasons Hotels and
Resorts CONTACT: Barbara Henderson, Vice President, Corporate
Finance, (416) 441-4329; Elizabeth Pizzinato, Director, Corporate
Public Relations, (416) 441-4335
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