8-KLeadership ChangesExhibits & Filings

MARRIOTT INTERNATIONAL INC /MD/ 8-K Report, Executive Changes (Dec 14, 2011)

Filed December 14, 2011For Securities:MAR

Summary

This 8-K filing from Marriott International, Inc. announces significant leadership changes designed to ensure a smooth transition in executive roles. Effective March 31, 2012, J.W. Marriott, Jr. will transition from his long-standing role as Chief Executive Officer to become Executive Chairman of the Board, while retaining his position as Chairman of the Board. This move signifies a planned succession strategy for the top leadership position. Arne M. Sorenson, currently President and Chief Operating Officer, will assume the CEO responsibilities, stepping into the primary operational leadership of the company. Robert J. McCarthy, the current Group President, will be promoted to Chief Operations Officer. These appointments are intended to leverage the experience of the existing leadership team while positioning the company for continued growth and strategic execution under new operational leadership.

Key Highlights

  • 1J.W. Marriott, Jr. to transition from CEO to Executive Chairman, effective March 31, 2012.
  • 2Arne M. Sorenson appointed President and Chief Executive Officer, effective March 31, 2012.
  • 3Robert J. McCarthy appointed Chief Operations Officer, effective March 31, 2012.
  • 4The Board of Directors made these appointments upon the recommendation of the Compensation Policy Committee.
  • 5This filing details a planned executive succession, ensuring continuity in leadership.
  • 6Biographical information for the key executives is provided, highlighting their experience and tenure with the company.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce significant changes in Marriott International's executive leadership, specifically the transition of the Chief Executive Officer role and the appointment of new officers.

Arne M. Sorenson, who was previously the President and Chief Operating Officer, has been appointed as the new President and Chief Executive Officer. This transition is effective March 31, 2012.

J.W. Marriott, Jr. will remain Chairman of the Board and will assume the new role of Executive Chairman of the Board, stepping down as Chief Executive Officer.

These changes represent a planned succession in leadership, aiming to provide a seamless transition. Investors can look to Arne M. Sorenson's leadership to continue driving the company's strategy and growth, while J.W. Marriott, Jr.'s continued involvement as Executive Chairman ensures valuable experience remains within the company's oversight.