Marriott International Announces Retirement of Leeny Oberg, Chief Financial Officer and EVP, Development, in 2026
Rhea-AI Summary
Marriott International (NASDAQ:MAR) announced that CFO and EVP of Development Leeny Oberg will retire on March 31, 2026, after 26 years with the company. Two veteran executives will succeed her: Jen Mason, a 33-year Marriott veteran, will become CFO, while Shawn Hill, with 28 years at the company, will assume the role of Chief Development Officer.
Oberg, who has served as CFO since 2016 and led the company's strategic growth since 2023, was instrumental in navigating the pandemic, the Starwood acquisition, and delivering significant shareholder value with stock performance outpacing the S&P 500. Mason currently serves as Global Officer of Treasury and Risk Management, while Hill is the Chief Development Officer for Marriott's Asia Pacific Excluding China region.
Positive
- None.
Negative
- Loss of experienced CFO who successfully navigated major challenges including pandemic and Starwood acquisition
- Simultaneous change in two critical C-suite positions (CFO and Development) creating potential transition risks
News Market Reaction – MAR
In the trading session that priced this news, MAR declined 2.82%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Oberg has served as Marriott's CFO since 2016. In February 2023, Oberg was additionally tapped to lead the strategic growth of the company's global lodging portfolio. "Leeny's focus on value creation is evident in everything she does. Whether it was navigating the pandemic successfully, enhancing the company's cost competitiveness or having a disciplined and strategic approach to investing in growth, her impact on Marriott is long lasting," said Anthony Capuano, President and Chief Executive Officer, Marriott International. "Leeny's strength lies in the depth of her expertise, but also in her warmth, relatability and dedication to support those who work with her. As a result, she has built a deep bench of talented leaders who are ready to take the next steps on the exceptional path she has helped carve for Marriott. I am grateful to Leeny for helping to position the company so beautifully for this transition and for her many years of leadership and friendship."
"It has been an honor to be part of the Marriott team, and a privilege to serve as the company's CFO for the past decade and the leader of the Development organization over the past few years," said Oberg. "Reflecting on my tenure, I am most proud of my teams and what we have accomplished together. While it's never easy to leave a company and job you love, I have the utmost confidence in the leaders who will assume these roles and am very optimistic about the strategic path Marriott is on. I look forward to working collaboratively with them to ensure a smooth transition for the company."
"Leeny has made substantial contributions to Marriott, including her incredible work on the Starwood acquisition and integration and her resolute navigation through the pandemic," said J.W. Marriott, Jr., Chairman Emeritus, Marriott International. "Since she became CFO on January 1, 2016, the company has seen a significant increase in shareholder value, with the stock meaningfully outperforming the S&P 500. Leeny embodies our values and helped guide our culture throughout her career, and I am grateful for her leadership. She will be missed."
Prior to being named Marriott's CFO in 2016, Oberg, 65, served as the Chief Financial Officer for The Ritz-Carlton Hotel Company, where she contributed significantly to the brand's performance, growth, and organizational effectiveness. Earlier in her career at the company, Oberg held a range of finance leadership positions, including Senior Vice President, Corporate and Development Finance and Senior Vice President, International Project Finance and Asset Management for
Chief Financial Officer and Chief Development Officer Successors Named
The company also announced that Jen Mason, a 33-year Marriott veteran, will assume the role of Executive Vice President and Chief Financial Officer once Oberg steps down from that role. Mason, 55, joined Marriott in 1992 and currently serves as Global Officer, Treasurer and Risk Management. In this role, Mason oversees global capital market activities and hotel financing, financial strategy and capital allocation, financial risk management, and global capital transactions and treasury services. Mason is also responsible for the company's risk management function including insurance, claims, business continuity and global safety and security.
Since joining Marriott in 1992, Mason has held several leadership roles, including CFO for the company's largest segment, the
In addition, the company named Shawn Hill, 54, to the role of Executive Vice President and Chief Development Officer effective January 1, 2026, initially reporting to Oberg, and after Oberg steps down from her role, to Capuano. Hill, who has been with the company for nearly 28 years, is currently Chief Development Officer for Marriott's Asia Pacific Excluding China (APEC) region. In that role, Hill has been responsible for growing Marriott's share meaningfully in the APEC region through new development, existing hotel conversions, franchising, branded residential, and affiliations and licensing agreements with other travel brands and companies. During Hill's tenure leading Development for APEC, the region's portfolio has grown from more than 465 open properties and 276 in the pipeline when he began to more than 635 open properties and another 383 properties in the pipeline as of March 31, 2025.
Hill started his career with Marriott in 1997. He worked at Marriott's headquarters in
Upon assuming these roles, Mason and Hill will serve on Marriott's executive leadership team and report to President and CEO Anthony Capuano. Oberg will step down from her role following Marriott's filing of its 2025 Annual Report on Form 10-K. She will remain with the company until March 31, 2026, to help ensure a smooth transition.
"I am thrilled to welcome Jen Mason as our new Chief Financial Officer and Shawn Hill as our new Chief Development Officer upon their assumption of their new positions next year," said Capuano. "Both will bring an incredible depth of experience and demonstrated leadership to their roles, making them well positioned to drive Marriott's continued growth and success in the years to come. Jen's strategic financial acumen and Shawn's proven development expertise will help ensure that Marriott continues to lead the industry. I look forward to continuing to work closely with them as we build on our legacy of innovation and excellence."
ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in
NOTE ON FORWARD-LOOKING STATEMENTS: All statements in this press release are made as of July 14, 2025. We undertake no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise. This press release contains "forward-looking statements" within the meaning of federal securities laws, including statements related to the company's leadership transition plans, strategy, growth prospects, development pipeline, industry leadership position, and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we describe in our
IRPR#1
View original content to download multimedia:https://www.prnewswire.com/news-releases/marriott-international-announces-retirement-of-leeny-oberg-chief-financial-officer-and-evp-development-in-2026-302504634.html
SOURCE Marriott International, Inc.