Top News M&C Hotels’ CEO quits after four months By TTG Asia / Posted on 27 July, 2020 17:36 Clarence Tan, senior vice president development AMEA, InterContinental Hotels Group (IHG) The group CEO of Millennium & Copthorne Hotels (M&C), the hospitality arm of Singapore-based City Developments Limited, has resigned after just four months in the position. Clarence Tan, 52, will cease to be CEO of M&C from August 2. He was appointed on April 2. “Mr Tan has shared that he is resigning in order to spend more time with his family. Moving forward, he remains open to interesting or suitable opportunities that may come along,” CDL said, according to a report by The Business Times. Prior to his current stint, Tan served as managing director for South-east Asia and Korea for InterContinental Hotels Group. Earlier in May, M&C reduced its global headcount by eight per cent and furloughed another 30 per cent of staff in its owned-and-managed hotel portfolio, as the Covid-19 pandemic took a toll on its business, according to the report. Senior management and executives in M&C have, since April 1, also accepted salary cuts of up to 30 per cent, depending on their seniority, it added.