Posted 10 February, 2023
MARRIOTT INTERNATIONAL INC /MD/ appointed new CEO
CEO Change detected for ticker Nasdaq:MAR in a 8-K filed on 10 February, 2023.
On February 10, 2023, the Board of Directors (the "Board") of Marriott International, Inc. ("Marriott" or the "Company") appointed Anthony G. Capuano, currently the Chief Executive Officer ("CEO") of Marriott and a member of the Board, to the additional role of President of Marriott, effective February 24, 2023.
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Overview of MARRIOTT INTERNATIONAL INC /MD/
Leisure/Arts/Hospitality • Hotels
Marriott International, Inc. engages in the operation and franchise of hotel, residential, and timeshare properties. Its brands include Marriott Bonvoy, The Ritz-Carlton, Edition, W Hotels Worldwide, The Luxury Collection, Stregis Hotels and Resorts, JW Marriott, Bvlgari Hotels and Resorts, Sherton, Marriott, Marriott Vacation Club, Delta Hotels Marriott, Westin Hotels and Resorts, Le Meridien, Renaissance Hotels, Autograph Collection Hotels, Tribute Portfolio, Design Hotels, Gaylord Hotels, Courtyard, Springhill Suites, Four Points by Sheraton, Fairfield, Protea Hotels, AC Hotels Marriott, aloft Hotels, Moxy Hotels, City Express, ResidenceINN, Towneplaces Suites, Marriott Executive Apartments, and element. It operates through the following geography segments: United States and Canada, Europe, Middle East, and Africa, Asia Pacific, and Greater China. The company was founded by John Willard Marriott and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.Market Cap
$71.6B
View Company Details
$71.6B
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 February 10, 2023, the Board of Directors (the "Board") of Marriott International, Inc. ("Marriott" or the "Company") appointed Anthony G. Capuano, currently the Chief Executive Officer ("CEO") of Marriott and a member of the Board, to the additional role of President of Marriott, effective February 24, 2023. As previously announced, Stephanie Linnartz, the current President of Marriott, has resigned effective February 24, 2023 in order to accept the position of President and Chief Executive Officer of Under Armour, Inc. Mr. Capuano, age 57, was appointed CEO effective February 21, 2021. Prior to his appointment as CEO, Mr. Capuano was Group President, Global Development, Design and Operations Services, a role he assumed in January 2020. In that role, he was responsible for leading the Company's global development and design efforts and overseeing the Company's Global Operations discipline. Mr. Capuano began his Marriott career in 1995 as part of the Market Planning and Feasibility team. Between 1997 and 2005, he led Marriott's full-service development efforts in the Western U.S. and Canada. From 2005 to 2008, Mr. Capuano served as Senior Vice President of full-service development for North America. In 2008, his responsibilities expanded to include all of U.S. and Canada and the Caribbean and Latin America, and he became Executive Vice President and Global Chief Development Officer in 2009. Mr. Capuano began his professional career in Laventhol and Horwath's Boston-based Leisure Time Advisory Group. He then joined Kenneth Leventhal and Company's hospitality consulting group in Los Angeles, CA. Mr. Capuano earned his bachelor's degree in Hotel Administration from Cornell University. He is an active member of the Cornell Hotel Society and a member of The Cornell School of Hotel Administration Dean's Advisory Board, as well as the Business Roundtable, and the American Hotel and Lodging Association's IREFAC Council. Additionally, Mr. Capuano serves on the Board of Directors of McDonald's Corporation and Save Venice, a nonprofit organization dedicated to preserving the artistic heritage of Venice, Italy. Mr. Capuano will not receive any additional compensation in connection with his appointment as President of Marriott.
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