Marriott Vacations Worldwide Announces New Executive Roles to Support Future Growth
14 Dezember 2023 - 3:00PM
Business Wire
Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or
the “Company”) announces today a new organizational structure aimed
at driving long-term, sustainable growth across its vacation
ownership business, exchange and third-party management segment and
future travel-related products and services.
With the previously announced 2024 retirement of Jeanette
Marbert, President, Exchange and Third-Party Management, two
executive roles have been created as part of MVW’s senior
leadership team to best support the Company’s growth strategies to
deliver consistent performance.
- Lori Gustafson will expand her responsibilities as Executive
Vice President and Chief Membership & Commercial Services
Officer as the Company aligns membership, travel services and brand
and digital teams under one organization to support the Company’s
future growth strategies. Ms. Gustafson has been serving as Chief
Brand & Digital Officer for the past three years, helping to
advance the Company’s digital strategy and evolve the core vacation
ownership experience across touchpoints. She has been a key leader
in major initiatives like the introduction of the Abound by
Marriott Vacations program that allows owners to access products
across The Marriott Vacation Clubs portfolio; the integration of
legacy Hyatt Residence Clubs and Welk Resorts under one Hyatt
Vacation Club brand; and the execution of the Vacation Next
initiative, the Company’s multiyear journey to leverage brand and
digital strategy to unlock growth potential. In this expanded role,
Ms. Gustafson will have oversight of MVW’s membership business
lines, including Interval International; key enterprise shared
service groups supporting all business lines; and a newly formed
Global Commercial Services team, which will be tasked with defining
and executing on the Company’s future travel products and services
strategies. Ms. Gustafson will continue to report to John Geller,
President and Chief Executive Officer.
- In the Company’s Exchange business, Marcos Agostini has been
appointed Executive Vice President, Managing Director, Interval
International, a leading global exchange and travel membership
company. He will join MVW’s Executive Committee reporting to Ms.
Gustafson. Mr. Agostini joined Interval in 1993 in the Latin
America operations area and has held increasing roles in both
operations and sales and leading worldwide resort sales and service
as well as business development initiatives. He currently serves as
Senior Vice President, Global Sales & Business Development for
Interval. Well-respected in the hospitality and travel industry,
Mr. Agostini has successfully helped clients build business through
the Interval network now with a global membership base of nearly
1.6 million members and has helped attract new clients to the
industry over the past 30 years.
"This is the ideal time to realign our organizational structure
to support the anticipated growth both for our exchange and
membership business as well as the travel-related products and
services category,” said John Geller, President and Chief Executive
Officer, Marriott Vacations Worldwide. “Lori and Marcos are
valuable leaders within our organization, and I look forward to the
contributions they will bring in their new roles as we accelerate
our strategic priorities to deliver value to all our
stakeholders.”
These executive appointments will be effective January 1,
2024.
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/20231214284240/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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