Club Med president Henri Giscard d'Estaing openly voiced his opposition to the decision by majority Chinese shareholder Fosun to demand the departure of the company's number two, in an internal letter consulted by AFP and revealed by the media outlet La Lettre today. "I regret to inform you that, following a decision by the majority of the Board of Directors, Michel (Wolfovski, Deputy General Manager) will have to leave Club Med at the end of October," lamented Henri Giscard d'Estaing in a letter dated July 16.
Club Med president and majority shareholder in turmoil
This is a machine translation. Automated translations are intended solely as a convenience and are not legally binding.
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