Four Seasons Hotels & Resorts said Tuesday that CEO Kathleen Taylor is leaving the company.
"The privately held company, with the backing of long-term shareholders Kingdom Holding Co., Cascade Investment and Triples Holdings, is focused on building on Four Seasons' leadership position by accelerating execution of its existing strategy to drive global growth and expansion of its iconic brand,” Four Seasons said in a statement.
Taylor assumed the role of CEO from Four Seasons founder Isadore Sharp in 2010.
"I am deeply grateful to Katie for her nearly 25 years of outstanding service and wish her well in the next phase of her career,” Sharp said in a statement. "Katie has been a trusted colleague and fundamental to building Four Seasons into the admired and successful company it is today. She leaves us with a strong foundation for the future, and we remain firmly committed to leadership in luxury hospitality and accelerating our goals for long-term growth.”
In a statement, Taylor said, “Throughout my almost quarter century with Four Seasons the one constant has been the power of the employees — they have always been my inspiration. I am also immensely proud of the members of my Executive Leadership Team and going forward, it is they, along with the nearly 40,000 employees that will fulfil the vision that we have put in place together, driving the future success of the company.”
Four Seasons has retained executive-search firm Ferguson Partners to assist in searching for Taylor’s successor.
In the interim, Four Seasons’ nine-member Executive Leadership Team will manage the company with oversight from the company’s board.