Starwood Names New Chief Executive Officer

dam Aron has resigned from his position as chief executive officer of Starwood Hotels and Resorts Worldwide, Incorporated and will leave at the end of December of 2015 to become the chief executive officer and president of AMC Entertainment Holdings, Incorporated.

“It has been a privilege to lead an extraordinary team of people around the world who, through their creativity and innovation, have changed the hospitality industry and the hotel experience in meaningful ways”, said Aron. “I am proud of what we have accomplished together with reinvigorated existing brands, the launch of new brands, accelerated growth and our game-changing merger with Marriott to soon become the biggest and best hotel company in the world.”

Due to the time requirements of his new role, Aron has also resigned from the board of directors of Starwood Hotels and Resorts Worldwide, Incorporated effective as of Wednesday, December 30, 2015.

New Chief Executive Officer

Thomas B. Mangas — who is currently the executive vice president and chief financial officer of Starwood Hotels and Resorts Worldwide, Incorporated — has been named the new chief executive officer effective as of Thursday, December 31, 2015.

Other Executive Appointments

Additionally, Alan M. Schnaid — who is currently the senior vice president, corporate controller and principal accounting officer of Starwood Hotels and Resorts Worldwide, Incorporated — will be appointed the new chief financial officer. Robyn Arnell — who is currently the vice president, finance and accounting services — will assume the role of corporate controller.

Starwood continues to expect its previously announced acquisition by Marriott International, Incorporated to close by the middle of 2016.

Sources: Adam Aron from Twitter, left; and Thomas B. Mangas from Starwood Hotels and Resorts Worldwide, Incorporated, right.

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