Club Med Chairman Says He Was Pushed Out Amid Rift With Owner

The longstanding French head of luxury resort chain Club Med said he was pushed out by the Chinese owner due to a disagreement over strategy and governance.

Chairman Henri Giscard d’Estaing said in a letter to employees and a statement that he was abruptly replaced by owner Fosun Tourism Group in a move that went against a previously agreed-upon procedure.

Club Med “should be listed on the stock market and its center for decision making must remain in France,” he told staff in the letter, dated July 16. “Despite everything I’ve done to convince them, Fosun refused and has de ...