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Danubius CEO to retire after 15 years

Danubius Hotels Rt Chief Executive Officer Sándor Betegh will retire in March next year and will be replaced by deputy CEO Imre Deák, the company said. Betegh, who has worked for the hotelier for 30 years and managed the company as CEO since 1990, will continue to serve on the board of directors, Danubius Chairman Bernard Schreier said in a stock exchange statement on Friday. Danubius, which has hotels in the Czech Republic, Hungary, Slovakia and Romania, bought a minority stake in London's Ramada Plaza Regents Park Hotel earlier this month to increase brand recognition and help recruit customers. Deák will replace Betegh March 1, 2006, and economic deputy CEO János Tóbiás will become general deputy CEO, the chairman said in the statement.