Summary
Hilton Worldwide Holdings Inc. (HLT) announced a significant change to its Board of Directors with the appointment of Jon M. Huntsman, Jr. effective August 6, 2015. Mr. Huntsman, a notable business and political figure, has been appointed to the Board and will also serve on its Compensation Committee. His addition is noteworthy given the Board's affirmative determination of his independence under both Company guidelines and New York Stock Exchange rules.
Key Highlights
- 1Appointment of Jon M. Huntsman, Jr. to the Board of Directors.
- 2Mr. Huntsman will serve on the Board's Compensation Committee.
- 3The Board has determined Mr. Huntsman to be an independent director.
- 4Independence determination meets Company Corporate Governance Guidelines and NYSE rules.
- 5Director compensation for Mr. Huntsman will follow the standard policy outlined in the 2015 Proxy Statement.