Club Med Appoints Stéphane Maquaire as President and CEO

New Delhi, 24th July, 2025: The Board of Directors of Club Med Holding is pleased to announce the appointment of Stéphane Maquaire as the President and Chief Executive Officer of Club Med Holding, effective immediately.

Based on the recommendation of Henri Giscard d’Estaing, Club Med’s rigorous succession and evaluation process identified Stéphane Maquaire, a French national, as uniquely qualified among the candidates considered to lead the company into a new phase of profitable growth. Stéphane Maquaire will lead Club Med Holding from Paris and ensure the preservation of the French identity and values at the heart of the brand.

The Board wishes to thank Henri Giscard d’Estaing, for his accomplished leadership over the past two decades, which has been instrumental in delivering Club Med’s successful transformation and in preparing the company for its next chapter. A key criterion for the succession process has been the pursuit of the Group’s strategy of international expansion while preserving its French roots and long-standing core values.

Stéphane Maquaire brings strong leadership experience with French companies on the international stage. With deep expertise in premium brand transformation as well as commercial real estate, he has demonstrated a consistent track record of growth, operational excellence and consumer-facing innovation. Stéphane Maquaire joins Club Med from Carrefour, where he served as Executive Director for Carrefour Brazil and Latin America.

Following the appointment, Stéphane Maquaire met with the three incumbent Deputy CEOs to examine operational priorities. As President and CEO, Stéphane Maquaire will build on the current strategy while guiding the company to seize new opportunities in a fast-evolving travel and hospitality landscape.

"In Stéphane, we have chosen a leader with deep experience in the consumer sector and a remarkable international track record. He is ideally positioned to accelerate Club Med’s momentum and write the next chapter of this extraordinary story. We are deeply grateful to Henri Giscard d’Estaing for his exceptional contributions to Club Med over the years. His leadership and strategic vision have shaped a winning model that embodies the very best of French hospitality and lifestyle on the global stage.”

Xiaoliang Xu, Co-CEO of Fosun International, Chairman of Fosun Tourism Group, and Chairman of Club Med Holding

“Club Med is a global icon, not only for its excellence, but for the joy and belonging it has brought to generations of travellers, thanks to the unparalleled passion and dedication of its teams around the world. Above all, it is a culture, a spirit, a way of living and sharing. I am honoured by the opportunity to lead this unique company into its next chapter of success, building on Henri Giscard d’Estaing’s remarkable legacy.

I firmly believe that Club Med’s values, its French roots, its spirit of freedom, and its deep sense of kindness, inclusion, and care for people, are more relevant than ever. I’m looking forward immensely to meeting my new teams, all the G.Os and G.Es, alongside our G.Ms: to listening, learning, growing together, and shaping the future of Club Med, as one team.”

Stéphane Maquaire, President and CEO of Club Med Holding:

As part of its continued commitment to international governance and diversity, besides Stéphane Maquaire, two new members will be added to the board: Philippe Heim and Takuya Yamada. Philippe Heim is a seasoned executive with extensive management experience in France and internationally, including key leadership roles at Société Générale, as CFO and deputy CEO, and after as Chairman of the Executive Board of La Banque Postale, while Takuya Yamada, Chairman of IDERA Capital, the asset manager of Club Med’s two resorts in Japan, has collaborated closely with Club Med in recent years. Their appointments reflect the global footprint of both Fosun and Club Med, and shareholder’s ambition to strengthen international participation at the highest level of the company.