Marriott Vacations Worldwide Announces Planned Retirement of Chief Financial Officer
10 Maio 2023 - 9:00AM
Business Wire
Marriott Vacations Worldwide Corporation (NYSE: VAC) (the
“Company") today announced that Executive Vice President and Chief
Financial Officer Anthony “Tony” Terry has decided to retire later
this year. The Company is conducting a search for his successor.
Mr. Terry plans to stay on as CFO until the role has been filled
and the transition period is complete later this year.
“I want to thank Tony for his contributions over the last 27
years at the Company,” said John Geller, president and chief
executive officer. “His leadership has been critical during the
most significant milestones in our growth thus far and his guidance
through some of the toughest times for the travel industry was
critical. While we respect his personal decision to step away from
his professional career and enter retirement to spend more time
with his family, we will sincerely miss him as a long-standing
member of our leadership team.”
Over the course of his time with Marriott Vacations Worldwide,
Mr. Terry led work associated with the spin-off of the Company from
Marriott International in 2011. He also supported the $4 billion
acquisition of ILG in 2018 through due diligence efforts as well as
by leading integration efforts within the Finance & Accounting
organizations across the two companies.
Mr. Terry shared, “I want to thank John, our Board of Directors
and my colleagues for giving me the tremendous opportunities I’ve
had during my career. I look forward to watching this great Company
continue to grow and offer our associates the same opportunities I
was given professionally and personally.”
Mr. Terry began his career in 1996 as a Manager, Financial
Accounting for Marriott Vacation Club International, and was
quickly promoted to roles with oversight of financial and business
planning functions, new product development, brand management and
product supply management. He then went on to serve as Senior Vice
President of Global Operational Finance for Vacation Ownership,
where he led a global team responsible for all aspects of Finance
and Accounting in support of the Company’s Sales and Marketing,
Operations, Development, and Rentals organizations within the
segment. Mr. Terry was promoted to Executive Vice President and
Chief Financial Officer in October 2021.
Mr. Terry’s retirement is not the result of a disagreement
between Mr. Terry and the Company on any matter relating to the
Company’s operations, policies or practices.
About Marriott Vacations Worldwide Corporation
Marriott Vacations Worldwide Corporation is a leading global
vacation company that offers vacation ownership, exchange, rental
and resort and property management, along with related businesses,
products, and services. The Company has over 120 vacation ownership
resorts and approximately 700,000 owner families in a diverse
portfolio that includes some of the most iconic vacation ownership
brands. The Company also operates an exchange network and
membership programs comprised of more than 3,200 affiliated resorts
in over 90 countries and territories, and provides management
services to other resorts and lodging properties. As a leader and
innovator in the vacation industry, the Company upholds the highest
standards of excellence in serving its customers, investors and
associates while maintaining exclusive, long-term relationships
with Marriott International, Inc. and an affiliate of Hyatt Hotels
Corporation for the development, sales and marketing of vacation
ownership products and services. For more information, please visit
www.marriottvacationsworldwide.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230510005280/en/
Neal Goldner Investor Relations 407-206-6149
neal.goldner@mvwc.com
Cameron Klaus Global Communications 407-513-6606
cameron.klaus@mvwc.com
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