Long-time Marriott Veteran to Become
President and CEO of Under Armour
BETHESDA, Md., Dec. 21,
2022 /PRNewswire/ -- Marriott International (NASDAQ:
MAR) announced today that long-time executive Stephanie Linnartz has decided to leave the
company, effective February 24, 2023.
Ms. Linnartz has been appointed President and Chief Executive
Officer of Under Armour.
"It is with very mixed emotions that I share the news that
Stephanie Linnartz, a 25-year
veteran of Marriott, has decided to step down as President to
become President and CEO of Under Armour," said Anthony Capuano, Chief Executive Officer,
Marriott International. "On the one
hand, I am excited for this next chapter in Stephanie's career. On
the other, I am saddened by the departure of such an incredible
executive. Beyond the collaborative relationship that Stephanie and
I enjoy in our roles, we are good friends, having rooted for each
other for more than two decades as we grew in our careers at
Marriott and in our lives outside the company. I admire so much
about Stephanie – she has this great combination of grit, grace,
and humanity – qualities that make her an exceptional leader. To
say she will be missed is an understatement – but she will always
be part of our Marriott family."
As President of Marriott since 2021, Ms. Linnartz has led all
aspects of the company's global consumer strategy, including brand,
marketing, sales, revenue management, customer engagement, digital,
information technology, emerging businesses and loyalty. She also
oversees Marriott's global development organization, which is
responsible for the strategic growth of the company's 30 lodging
brands, as well as the global design and operations services
functions. In addition, Ms. Linnartz has developed a world class
team and spearheaded the company's progress on issues including the
intersection of technology and hospitality, the continued growth of
the Marriott Bonvoy loyalty platform, the excellence of Marriott's
brand portfolio, and environmental sustainability.
"It has been one of the most significant and best experiences of
my life to build a career at Marriott," said Ms. Linnartz. "I will
always be grateful for the opportunities I had to play a role in
the company's growth and industry leadership. I am thankful for the
support and friendship of Mr. Marriott, Arne Sorenson, David
Marriott and Tony Capuano
through the years. While I may not be walking the halls of Marriott
every day, I will still be a Marriott Bonvoy member and a loyalist
to our incredible portfolio of brands."
"I also want to thank Under Armour Executive Chair and Brand
Chief, Kevin Plank, for this dream
opportunity," Ms. Linnartz added. "I am thrilled to be joining an
iconic brand I have long admired. I can't wait to get in and work
alongside Kevin and the team to write the next chapter of this
exciting story."
Ms. Linnartz, who began her Marriott career in 1997, has worked
in a number of capacities over the ensuing 25 years, from finance
and business development to revenue management and sales and
marketing. She played a pivotal role during Marriott's acquisition
of Starwood Hotels & Resorts, including overseeing the
integration of various corporate functions and business-critical
systems. In 2019, under her leadership, the company combined the
Marriott and Starwood loyalty programs to create the world's
largest hospitality loyalty program, Marriott Bonvoy, which
currently has more than 173 million global members. Ms. Linnartz
serves on the board of directors of The Home Depot, the world's
largest home improvement retailer. She holds a bachelor's degree in
political science from the College of the Holy
Cross, where she is a member of the Board of Trustees, and
she earned her Master of Business Administration from the
College of William and Mary.
About Marriott International
Marriott International,
Inc. (NASDAQ: MAR) is based in Bethesda,
Maryland, USA, and encompasses a portfolio of nearly 8,200
properties under 30 leading brands spanning 138 countries and
territories. Marriott operates and franchises hotels and licenses
vacation ownership resorts all around the world. The company offers
Marriott Bonvoy®, its highly awarded travel program. For
more information, please visit our website
at www.Marriott.com, and for the latest company news,
visit www.MarriottNewscenter.com. In addition, connect with us
on Facebook and @MarriottIntl
on Twitter and Instagram.
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SOURCE Marriott International, Inc.