Carlson Names Hubert Joly as President and CEO

Global travel, hotel, restaurant and marketing giant Carlson today announced that its board of directors has appointed Hubert Joly as the company's new president and chief executive officer, effective March 1, 2008.

Joly currently serves as president and chief executive officer of Carlson Wagonlit Travel (CWT), a multinational corporate travel management company, which is 55 percent owned by Carlson. Under his leadership, CWT has grown its sales from $8.9 billion in 2003 to about $22 billion in 2007, according to the company release. Carlson's current CEO and co-owner Marilyn Carlson Nelson will continue as chairwoman of the board.

"After an extensive internal and external search, our board of directors unanimously agreed that Hubert has the business acumen, leadership qualities and global experience to lead our company to the next level of growth and excellence," Nelson said. "We are extremely pleased and proud that Hubert has accepted the opportunity to carry forward Carlson's strategy to expand our brands and operations around the world."

Carlson brands employ nearly 200,000 people around the world. The company owns or manages 1,000 restaurants and nearly 1,000 hotels (including franchise operations. Nelson and Joly indicated that the Carlson Wagonlit Travel board has initiated a search for the future CEO of CWT. CWT has $22 billion in sales and 22,000 employees in more than 150 countries.