BETHESDA, Md., Feb. 23, 2021 /PRNewswire/ — Marriott Worldwide’s (NASDAQ: MAR) Board of Administrators introduced right this moment that Anthony “Tony” Capuano has been appointed Chief Govt Officer and has joined the corporate’s Board of Administrators, efficient instantly. He was beforehand Group President, World Improvement, Design and Operations Providers. The Board of Administrators additionally introduced that Stephanie Linnartz, beforehand Group President, Shopper Operations, Expertise and Rising Companies, has been appointed President, efficient instantly. Mr. Capuano’s and Ms. Linnartz’s appointments observe the surprising passing of Marriott President and CEO Arne Sorenson on February 15, 2021.
“Tony has performed a vital position in Marriott’s development over the past decade,” stated J.W. “Invoice” Marriott, Jr., Govt Chairman and Chairman of the Board, Marriott Worldwide. “He might be a terrific chief as we proceed to advance our development technique whereas additionally navigating the market dynamics of the COVID-19 pandemic. He works thoughtfully and pragmatically with our proprietor and franchisee neighborhood and has been steadfast in making certain Marriott delivers operational excellence and elevated buyer experiences at our properties. Tony has a deep appreciation for Marriott’s hundreds of associates who in the end ship on our buyer and model promise and I do know he might be an outstanding steward of our tradition. Along with Stephanie within the position of President, and the remainder of our distinctive management crew, Marriott couldn’t be in higher arms,” Mr. Marriott stated.
“I’m honored to be appointed to take the helm of Marriott, however it’s a bittersweet second,” stated Mr. Capuano. “Arne was a mentor, a champion and a pal to every member of his close-knit management crew. It’s due to Arne’s efforts that we’re ready to maneuver ahead with this transition. Collectively, we are going to advance the technique we have now in place, which is laser-focused on restoration, enlargement, offering alternatives for our associates, sustaining constructive relationships with our house owners and franchisees, delivering secure and progressive experiences for our visitors and prospects, and constructing worth for our shareholders.”
Previous to this appointment, Mr. Capuano, 55, was Group President, World Improvement, Design and Operations Providers. On this position, he was liable for main world growth and design efforts and overseeing the corporate’s World Operations self-discipline. Throughout Mr. Capuano’s tenure main world growth, the corporate grew its footprint from simply over 3,200 properties in early 2009 to over 7,600 properties by year-end 2020. As well as, Mr. Capuano has overseen the super development and globalization of Marriott’s growth pipeline to 498,000 rooms as of December 31, 2020, with greater than half of the pipeline representing initiatives exterior of the U.S. Throughout the COVID-19 pandemic, Mr. Capuano has led Marriott’s work on its Dedication to Clear initiative, which was designed to boost Marriott’s already substantial cleansing protocols to supply further peace of thoughts for vacationers.
Mr. Capuano started his Marriott profession in 1995 as a part of the Market Planning and Feasibility crew. Between 1997 and 2005, he led Marriott’s full-service growth efforts within the Western U.S. & Canada. From 2005 to 2008, Mr. Capuano served as Senior Vice President of full-service growth for North America. In 2008, his obligations expanded to incorporate all of U.S. & Canada and the Caribbean and Latin America, and he grew to become Govt Vice President and World Chief Improvement Officer in 2009. Mr. Capuano started his skilled profession in Laventhol and Horwath’s Boston-based Leisure Time Advisory Group. He then joined Kenneth Leventhal and Firm’s hospitality consulting group in Los Angeles. Mr. Capuano earned his bachelor’s diploma in Lodge Administration from Cornell College. He’s an lively member of the Cornell Lodge Society and a member of The Cornell College of Lodge Administration Dean’s Advisory Board. Mr. Capuano can also be a member of the American Lodge and Lodging Affiliation’s Business Actual Property Monetary Advisory Council.
Stephanie Linnartz Takes on President Position
As President, Ms. Linnartz might be liable for growing and executing all facets of the corporate’s world shopper technique, together with model, advertising and marketing, gross sales, income administration, buyer engagement, digital, data expertise, rising companies and loyalty methods. As well as, Ms. Linnartz will oversee Marriott’s world growth group, which is liable for the strategic development of the corporate’s 30 lodging manufacturers, in addition to the worldwide design and operations companies capabilities. Ms. Linnartz may even spearhead the corporate’s progress on points together with the intersection of expertise and hospitality, the continued development of the Marriott Bonvoy loyalty platform, the excellence of our model portfolio, and environmental sustainability.
“Stephanie has a management monitor file and clear imaginative and prescient for the way our core lodging enterprise, journey platform initiatives and loyalty methods can work collectively to speed up development,” stated Mr. Marriott. “Her deep expertise throughout our enterprise will allow her to work seamlessly with our house owners and franchisees, innovate for our visitors and prospects, and champion new alternatives for our associates. Tony and Stephanie are precisely the CEO and President we want as we proceed to push ahead in the direction of restoration and development within the years forward.”
“Each member of the management crew feels a profound sense of loss at Arne’s passing. He was not only a pal and a frontrunner for us, he was a guidepost for the hospitality trade,” stated Ms. Linnartz. “One of the best ways we will honor Arne’s reminiscence is to proceed to maneuver the corporate ahead. It’s my privilege to tackle the position of President and to work with Tony and the remainder of the manager crew to make sure a seamless transition and to efficiently execute our technique.”
Previous to this appointment, Ms. Linnartz, 52, was Group President, Shopper Operations, Expertise and Rising Companies, the place she was liable for model, advertising and marketing, gross sales, income administration, buyer engagement, digital, data expertise, rising companies and loyalty methods. Ms. Linnartz performed a pivotal position throughout Marriott’s acquisition of Starwood Inns & Resorts, overseeing the mixing of business-critical techniques together with reservations, property administration, income administration and loyalty. In 2019, underneath her management, the corporate mixed the Marriott and Starwood loyalty applications to create the world’s largest hospitality loyalty program, Marriott Bonvoy, which presently has greater than 147 million world members.
Ms. Linnartz, who started her Marriott profession in 1997, served as World Chief Industrial Officer from 2013 to 2019; World Officer, Gross sales and Income Administration from 2009 to 2013; Senior Vice President, World Gross sales from 2008 to 2009; Senior Vice President, Gross sales and Advertising and marketing Planning and Assist from 2005 to 2008; and previous to that, varied roles in Marriott’s Finance and Enterprise Improvement Division. She presently serves on the board of administrators of The Dwelling Depot, the world’s largest dwelling enchancment retailer. She holds a bachelor’s diploma in political science and authorities from the Faculty of the Holy Cross, the place she is a member of the Board of Trustees, and earned her Grasp of Enterprise Administration from the Faculty of William and Mary.
About Marriott Worldwide
Marriott Worldwide, Inc. (NASDAQ: MAR) is predicated in Bethesda, Maryland, USA, and encompasses a portfolio of greater than 7,600 properties underneath 30 main manufacturers spanning 133 nations and territories. Marriott operates and franchises motels and licenses trip possession resorts all around the globe. The corporate provides Marriott BonvoyTM, its extremely– awarded journey program. For extra data, please go to our web site at www.marriott.com, and for the most recent firm information, go to www.marriottnewscenter.com.
CAUTIONARY LANGUAGE CONCERNING FORWARD-LOOKING STATEMENTS
All statements on this press launch are made as of February 23, 2021. We undertake no obligation to publicly replace or revise these statements, whether or not because of new data, future occasions or in any other case. This press launch incorporates “forward-looking statements” throughout the which means of federal securities legal guidelines, together with statements associated to the corporate’s technique, development prospects, growth pipeline, development of the Marriott Bonvoy loyalty platform, management transition, and comparable statements regarding anticipated future occasions and expectations that aren’t historic details. We warning you that these statements aren’t ensures of future efficiency and are topic to quite a few evolving dangers and uncertainties that we could not be capable to precisely predict or assess, together with the danger elements that we determine in our Securities and Alternate Fee (“SEC”) filings, together with our most up-to-date Annual Report on Kind 10-Okay.
SOURCE Marriott Worldwide, Inc.
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