Millennium & Copthorne Hotels (M&C) has launched a search for a new chief executive, after incumbent Richard Hartman announced he would step down at the end of the year.
Hartman, 64, will retire as group chief executive by the end of 2010, although he will remain on the M&C board as a non-executive director.
M&C chairman Kwek Leng Beng said: "Richard Hartman joined M&C in April 2008. He has since strengthened the management and steered the company through one of the worst economic crises in recent history.
"His wealth of knowledge and experience in the global hospitality business has made a major contribution to our strategic thinking and placed us in a strong competitive position. I am very pleased that he will remain on the board as our senior adviser after he retires as group CEO."
M&C said earlier this month that it has seen further signs of a recovery in the hotel market.