TFE Hotels begins a global search for a new CEO
Argaman’s resignation coincides with her 20-year anniversary at TOGA. “Approaching 20 years with TFE Hotels was a time of both celebration and reflection for me, celebration for all that an extraordinary group of people have achieved,” she said.
“The company has gone from operating in one country to five, from one brand to seven and from eight serviced apartments in the suburbs to today, where, with our pipeline, we have over a hundred hotels.”
TOGA Group managing director and TFE Hotels chairman Allan Vidor thanked Argaman for her commitment and contribution to the hotel group.
“I have had the great pleasure of working with Rachel for 20 years and she has made an indelible mark on the group,” he said. “We will now embark on a global search for Rachel’s replacement and look forward to the appointment of a new CEO to continue our remarkable journey.”
Argaman will remain in her role as CEO until the end of July with Vidor taking an oversight role during the transition period until a replacement is appointed.
“This will be a thorough process to ensure we appoint the right individual to continue to drive our significant expansion both locally and internationally,” Vidor said.