Stephane Maquaire, 51, who until this month led Carrefour's operations in Brazil, will take up his position as CEO and chairman "with immediate effect", the company said in a statement.
Giscard d'Estaing -- the 68-year-old son of former French president Valery Giscard d'Estaing -- ran Club Med for the past 22 years, repositioning the brand as an upmarket, family-oriented operator of resorts.
On July 16, Giscard d'Estaing announced that Club Med's Chinese owners, the conglomerate Fosun, had without warning replaced him as chairman.
The change came against a backdrop of mounting tensions between Giscard d'Estaing and Fosun over the ousted chairman's demand to have Club Med relisted on the Paris stock exchange.
hrc-kap/rmb/rlp
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