Home Business News Millennium hotels boss to get £1m payout: Here’s why

Millennium hotels boss to get £1m payout: Here’s why

by Purvai Dua
28th Sep 18 1:41 pm

Jennifer Fox may have been the chief executive of Britain’s Millennium & Copthorne for only three months but she will walk away with £1m as payoff from the top job.

A statement from the company said Fox and M&C had “mutually agreed” she would leave with immediate effect.

The company, which operates the Millennium, Grand Millennium, Copthorne and Kingsgate hotels, did not say the reason for Fox’s exit.

Fox, who took up the role in June after chief exec after Aloysius Lee resigned in January, said last month that she was reviewing the company’s “earnings profile” and developing a strategic plan. No reason was given for her abrupt departure.

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