Jennifer Fox, group CEO of Millennium & Copthorne Hotels, is stepping down three months after taking up the position.
In a statement, M&C said Fox and the London-based hospitality business “mutually agreed” she would depart the company effective immediately. As part of her departure, Fox was reportedly paid roughly $1.3 million in salary, bonus, pension compensation and other benefits.
No reason has been given for Fox’s departure.
Fox will be replaced, on an interim basis, by M&C chief of staff Tan Kian Seng. Seng previously served as interim CEO from February 2017 until June 2018, prior to Fox’s arrival at the company.
From 2011 to 2016, Fox led Fairmont Hotels & Resorts as president. She joined London-based M&C during June of this year, replacing Aloysius Lee.
M&C, which operates the Millennium, Grand Millennium, Copthorne and Kingsgate hotels, said it will provide further details in the future.
Fox began her career at ITT Sheraton, where she worked in sales and marketing and as a general manager. She was COO of Europe for IHG from 2005 to 2011, and after that became board of director with Australian media entertainment organization Village Roadshow.
As of Dec. 31, M&C owns or invests in 136 hotels consisting of 39,402 rooms in regions such as Asia, Europe, Australia and the U.S. A majority of the company is owned by City Developments Limited of Singapore.