Four Seasons Hotels and Resorts tapped Prudential Real Estate Investors CEO Allen Smith to be the company’s CEO.
Smith will become just the third CEO in Four Seasons’ 53-year history when he steps in next month.
Smith joined Prudential?s hotel-investment group in 1987 and ascended to the group?s CEO in 2008. Prudential has $53 billion in of real estate assets.
Smith, 56, succeeds Kathleen Taylor, who stepped down as Four Seasons CEO in February after about 25 years with the company and three years as CEO.
Taylor had succeeded company founder Isadore Sharpe, who remains chairman.
Sharpe took Four Seasons private in 2007, with Saudi Prince Alwaleed Bin Talal’s Kingdom Holding Co., Bill Gates? Cascade Investment and Sharpe?s Triples Holdings taking ownership.