Club Med, in the midst of a major transformation, has unveiled a new organizational chart to support its new strategic project, despite internal tensions with its shareholder Fosun. This reshuffle comes at a crucial time, when the company is posting promising financial results.

A Reshuffled Organizational Chart

Starting November 1, the functions of Michel Wolfovski, dismissed from his position after nearly thirty years within the company, will be divided among three new delegated general directors: Gino Andreetta, Gregory Lanter, and Andrew Xu. All three will also hold corporate mandates, while two other members of Henri Giscard d’Estaing’s team, Sylvie Brisson and Anne Browaeys, will see their responsibilities expanded.

In a statement, Henri Giscard d’Estaing highlighted the expertise of the new leaders: "I know they are all respected, committed, and experienced."

Despite the tensions that led to Michel Wolfovski's dismissal, who had recently challenged decisions made by Fosun, the new organizational chart seems to be a step towards consolidating the company's leadership in line with the expectations of its majority shareholder. 

A positive half-year

This reorganization comes as Club Med records a rising semi-annual revenue, reaching €1.15 billion. Henri Giscard d’Estaing commented on this performance, stating: "I would like to warmly thank Michel Wolfovski (...) for his essential contribution to the transformation period of Club Med, thanks to his commitment and strategic vision. His departure comes at a time when Club Med is reaping the benefits of this strategy with record results and a resort portfolio that has never been more beautiful in 75 years of history."

Club Med on Track for Winter 2024/25

As winter approaches, Club Med is also pleased with its financial results, with revenue of €400 million in the Alps for the winter 2023/2024, representing a 7% increase compared to the previous year. Grégory Lanter, the general director of development and mountain strategy, announced a 16% increase in reservations for this new season. However, he specified that the increasing complexity of financial arrangements could limit future opening or renovation projects for winter 2025/2026.

For winter 2024/25, Club Med is enhancing its offerings with several new features while continuing its upward trend in quality. Among the notable changes, the Serre-Chevalier village, the largest ski area in the Southern Alps, will reopen on December 15 after a €50 million renovation. This 349-room resort, completely redesigned, will now display 4 tridents and offer customers a multitude of activities, ranging from snowkiting to yoga classes, while integrating a fitness area, a redesigned restaurant, and a spa in collaboration with the Payot brand.

The renovation, led by interior architect Laurent Maugoust, emphasizes sustainability and local culture. It has created 91 connecting rooms, suitable for families, while respecting the establishment's eco-responsibility commitments.

At the same time, Club Med will inaugurate an Exclusive Collection space in La Rosière, featuring 43 suites and a private lounge. The "Teens & Chill Pass" program, aimed at teenagers aged 11 to 17, will also be expanded to all villages in the Alps, offering a variety of activities to encourage social interaction.