Millennium & Copthorne Hotels

Ticker MLC

Today's data summary

Market closed
% change
-0.53%
Price Pence
468.50
Change
-2.50
As of 12:07 23 Feb 2019
Market cap. Pound sterling
1,521.65 million
As of 12:07 23 Feb 2019

Latest updates

M&C ex-boss gets £1m for three months

Millennium & Copthorne hotel
Millennium & Copthorne

Jennifer Fox may only have been chief executive of Millennium & Copthorne for just three months but she will walk away with £1m.

Ms Fox has spent 30 years in the hospitality industry, including as president of Fairmont Hotels & Resorts and 10 years with InterContinental Hotels.

She started work at M&C on 19 June, replacing Aloysius Lee, who had resigned in January.

Hotel boss leaves after three months

Millennium & Copthorne's former box Jennifer Fox
Millennium & Copthorne

Millennium & Copthorne Hotels has announced that its chief executive Jennifer Fox and the board have "mutually agreed" for her to step down from her position with immediate effect.

She had been chief executive since 19 June.

It says that Tan Kian Seng, group chief of staff who had been interim chief executive, will resume that position.