Marriott Vacations Worldwide Appoints Jason Marino as Chief Financial Officer
25 Julho 2023 - 9:30AM
Business Wire
Mr. Marino is a seasoned financial executive
with nearly two decades of corporate strategy and financial
leadership experience
Marriott Vacations Worldwide Corporation (NYSE: VAC) (the
“Company”) today announced Jason Marino has been named Executive
Vice President and Chief Financial Officer effective September 30.
He will succeed Anthony “Tony” Terry, who announced his intent to
retire from the Company earlier this year.
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Marriott Vacations Worldwide Corporation
has named Jason Marino as Executive Vice President and Chief
Financial Officer. (Photo: Business Wire)
With nearly 10 years at the Company, Mr. Marino currently serves
as Senior Vice President, Strategy, Financial Planning &
Analysis and Operational Finance – Vacation Ownership, leading a
global team responsible for enterprise-wide finance and business
functions, including strategic planning, M&A, budgeting and
forecasting, capital structure allocation and financing activities.
He also leads the teams providing operational financial support for
the vacation ownership segment, including sales and marketing,
development and inventory and revenue management. In his new role,
Mr. Marino will report directly to John Geller, President and Chief
Executive Officer.
"Jason has been an integral part of our extended leadership team
for many years and his promotion to this executive role is a
natural fit given his business acumen, industry experience and
ability to identify strategic investment opportunities that deliver
value to our stakeholders," said Mr. Geller, President and Chief
Executive Officer. "I am pleased to see Jason expand his
responsibilities within our organization and I know that his
promotion will only further power the future growth of the
Company.”
Mr. Marino joined the Company as Vice President, Corporate
Finance in 2014, where he helped drive the creation and execution
of the Company’s capital efficient inventory strategy, as well as
the Company’s $4 billion acquisition of ILG in 2018, including
subsequent integration and transformation programs. He also led the
Company’s acquisition of Welk Resorts in 2021 and has provided
critical financial leadership in the Company’s capital raising
activities.
“I am excited and honored to step into this role for Marriott
Vacations Worldwide,” said Mr. Marino. “I look forward to
partnering with our dynamic leadership team to execute our
strategic vision of delivering exceptional vacation experiences,
tools and products for all our Owners, members and guests.”
Prior to joining the Company, Mr. Marino served as Managing
Director and head of business development and corporate finance at
Cantor Commercial Real Estate, as well as Director of Real Estate
Investment Banking at Credit Suisse Securities. While at Credit
Suisse, he worked with public and private companies in the real
estate, lodging and timeshare industries helping clients raise
capital and drive strategic growth. Mr. Marino received a Masters
of Business Administration from Cornell University, Johnson
Graduate School of Management.
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/20230725510404/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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