Fairmont & eCornell Announce Partnership for Employee Development

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. October 14, 2008

MAY 10, 2007. Fairmont Hotels & Resorts is pleased to announce that it has partnered with Cornell University and eCornell on a new venture that will provide top-quality online training and education to leaders at Fairmont Hotels & Resorts locations worldwide.

Developed by Cornell University's world-renowned School of Hotel Administration, Johnson Graduate School of Management, and School of Industrial Relations, Fairmont's management-level colleagues will have the ability to take courses and earn Certificates from Cornell University in the fields of Hospitality Management, Foodservice Management, Financial Management, Proactive Leadership, Executive Leadership, Supervisory Skills and Human Resources Management.

Fairmont Hotels & Resorts' Senior Vice President of Human Resources, Ms. Carolyn Clark stressed, "As Fairmont continues to advance its strategy of brand expansion and global growth, leadership development will be a key priority. As a global leader in the hotel marketplace, we are proud to partner with a leading group like Cornell University and look forward to realizing the benefits of this new e-learning solution."

eCornell courses provide the convenience of structure and flexibility with around-the-clock/around-the-world access to course materials, online and telephone customer support, and dedicated online instructors. The eCornell learning model & portfolio provide a global e-learning solution that addresses the training challenges of cost, time and location.

Mr. Ross Pearo, Vice President of Product Development & Marketing added, "eCornell's proven content, global scalability, turn-key implementation and ability to complement internal brand standard programs were all critical factors in Fairmont's decision to enter into partnership with us."

Fairmont Hotels & Resorts' Corporate Director, Training & Development, Matt Smith commented, "We are delighted to offer our leaders the wide selection of professional education programs available through our eCornell partnership. The flexible schedules, affordable costs, and globally accessible "e-classrooms" make eCornell a great addition to our leadership development strategy."

Added Smith, "eCornell's comprehensive catalog enables Fairmont to address the learning needs of the entire organization as well as the more specific individual needs of key leaders or those who display high potential. This truly enables us to build our organizational capability as well as impact our recruitment and retention of top talent."

Mr. Chris Proulx, eCornell's President and Chief Executive Officer added, "eCornell is delighted to partner with Fairmont Hotels & Resorts by providing a flexible and effective corporate learning solution that meets the training and development needs of such a diverse and growing organization."

About eCornell

Established and wholly-owned by Cornell University, eCornell has the most comprehensive online, professional and executive development curriculum offered by any top-20 university in the United States. eCornell provides exceptional online learning experiences tailored for professional and executive development in the areas of strategy, leadership and management development, human resources, financial management, and hospitality management. Collaboration between Cornell faculty experts and learning and user-experience designers provide for engaging, rigorous, and interactive learning. For more information, please visit www.ecornell.com.