Morgans Hotel group provides update on CEO search
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Morgans Hotel group provides update on CEO search
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Category: Worldwide
This is a press release selected by our editorial committee and published online for free on 2010-12-01
Morgans Hotel Group Co. (Nasdaq: MHGC) ("MHG") today confirmed that its Search Committee, overseen by the company's Board of Directors, is engaged in a search for a new Chief Executive Officer and has retained the executive search firm of Spencer Stuart to assist in this process .
The contract of Fred Kleisner, the company's current CEO, concludes on December 31, 2010. Mr. Kleisner has indicated his willingness, if necessary, to serve as CEO beyond the expiration of his contract in order to ensure a smooth transition.
David Hamamoto, Chairman of the Board of Directors stated: "We are conducting a thorough search and are considering a number of highly qualified candidates. We appreciate Fred's willingness to maintain his position with the company until we identify the right person to lead Morgans Hotel Group into the future."
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