Summary
Marriott International, Inc. (MAR) filed an 8-K report on April 28, 2014, detailing a significant executive appointment. The company announced the appointment of Val Bauduin as its new Controller and Chief Accounting Officer, effective early June 2014. Mr. Bauduin will report directly to the Executive Vice President and Chief Financial Officer, Carl T. Berquist, and will ultimately succeed Mr. Berquist as the principal accounting officer. This appointment brings in a seasoned professional with extensive experience in the hospitality industry and complex financial transactions. Mr. Bauduin's background includes his role as a Partner and U.S. Hospitality leader at Deloitte & Touche LLP, where he specialized in international hospitality clients and advised on various capital market transactions, including IPOs, debt issuances, and spinoffs. His expertise in real estate development within the gaming and hospitality sectors, combined with his academic credentials from the University of Notre Dame and The Wharton School, positions him to bring valuable insights and leadership to Marriott's accounting and financial operations. Investors can view this as a strategic move to strengthen the company's financial leadership team with specialized expertise.
Key Highlights
- 1Marriott International appointed Val Bauduin as Controller and Chief Accounting Officer, effective early June 2014.
- 2Val Bauduin will succeed Carl T. Berquist as the principal accounting officer upon his start.
- 3Mr. Bauduin previously served as a Partner and U.S. Hospitality leader at Deloitte & Touche LLP.
- 4He has significant experience with large hospitality clients and complex capital market transactions.
- 5Mr. Bauduin possesses expertise in international operations and real estate development within the hospitality sector.
- 6He holds an MBA from The Wharton School and is a CPA.