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Posted 09 June, 2022

MARRIOTT VACATIONS WORLDWIDE Corp appointed new CEO

CEO Change detected for ticker NYSE:VAC in a 8-K filed on 09 June, 2022.


  On June 9, 2022, Marriott Vacations Worldwide Corporation (the "Company") announced that Stephen P. Weisz has decided to retire as the Company's Chief Executive Officer at the end of the Company's fiscal year on December 31, 2022.  

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Overview of MARRIOTT VACATIONS WORLDWIDE Corp
Leisure/Arts/Hospitality • Hotels
Marriott Vacations Worldwide Corp. is a global vacation company engaged in vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It operates through Vacation Ownership and Exchange & Third-Party Management. The Vacation Ownership segment develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, and Hyatt Residence Club brands. The Exchange and Third-Party Management segment consists of exchange networks and membership programs, as well as the management of resorts and lodging properties. The company was founded in 1984 and is headquartered in Orlando, FL.
Market Cap
$3.23B
View Company Details
MARRIOTT VACATIONS WORLDWIDE Corp by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 9, 2022, Marriott Vacations Worldwide Corporation (the "Company") announced that Stephen P. Weisz has decided to retire as the Company's Chief Executive Officer at the end of the Company's fiscal year on December 31, 2022. Mr. Weisz, however, will remain as an advisor to assist in the transition through February 17, 2023. The Company also announced current President, John E. Geller, Jr., will succeed Mr. Weisz as President and Chief Executive Officer effective January 1, 2023.

Mr. Geller (age 55) has served as our President since October 2021. From January 2021 to October 2021, he served as our President and Chief Financial Officer. From January 2018 to January 2021, he served as our Executive Vice President and Chief Financial and Administrative Officer. From 2009 to December 2017, he served as our Executive Vice President and Chief Financial Officer. Mr. Geller joined Marriott International in 2005 as Senior Vice President and Chief Audit Executive and Information Security Officer.

There are no arrangements or understandings between Mr. Geller and any other persons pursuant to which Mr. Geller was selected as President and Chief Executive Officer of the Company. There are no family relationships between Mr. Geller and any director or executive officer of the Company, and Mr. Geller has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended, nor are any such transactions currently proposed.

A copy of the news release announcing these actions is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.