STOCK TITAN

Notifications

Limited Time Offer! Get Platinum at the Gold price until January 31, 2026!

Sign up now and unlock all premium features at an incredible discount.

Read more on the Pricing page

Vail Resorts Announces Board of Directors Transitions

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management

Vail Resorts (NYSE: MTN) announced significant changes to its Board of Directors as two long-serving members, John Sorte and John Redmond, will not seek reelection at the 2025 Annual Meeting of Stockholders.

Mr. Sorte, who has served since 1993, and Mr. Redmond, who joined in 2008, have been instrumental in transforming Vail Resorts from a regional operator into the world's largest mountain resort company. Following their departure, the Board will consist of nine Directors, with eight being independent.

The company emphasized that these transitions are not due to any disagreements on operations, policies, or practices, and reflect the Board's ongoing commitment to refreshment and maintaining the right mix of skills and expertise.

Vail Resorts (NYSE: MTN) ha annunciato importanti cambiamenti nel suo Consiglio di Amministrazione: due membri di lungo corso, John Sorte e John Redmond, non si candideranno alla rielezione in occasione dell'Assemblea Annuale degli Azionisti 2025.

Il signor Sorte, al servizio dal 1993, e il signor Redmond, entrato nel 2008, hanno contribuito in modo determinante a trasformare Vail Resorts da operatore regionale nella più grande azienda di resort montani al mondo. Dopo la loro dipartita, il Consiglio sarà composto da nove direttori, di cui otto indipendenti.

L'azienda ha sottolineato che questa rotazione non deriva da disaccordi su operazioni, politiche o pratiche, e riflette l'impegno continuo del Consiglio nel rinnovarsi e mantenere la giusta combinazione di competenze ed esperienza.

Vail Resorts (NYSE: MTN) anunció cambios significativos en su Junta Directiva, ya que dos miembros de larga trayectoria, John Sorte y John Redmond, no se postularán para la reelección en la Reunión Anual de Accionistas de 2025.

El Sr. Sorte, que ha servido desde 1993, y el Sr. Redmond, que se unió en 2008, han sido fundamentales para transformar a Vail Resorts de operador regional a la compañía de resorts de montaña más grande del mundo. Tras su salida, la Junta estará integrada por nueve Directores, ocho de los cuales serán independientes.

La empresa enfatizó que estos cambios no se deben a desacuerdos sobre operaciones, políticas o prácticas, y reflejan el compromiso continuo de la Junta con la renovación y con mantener la combinación adecuada de habilidades y experiencia.

Vail Resorts (NYSE: MTN)가 이사회에 중대한 변화를 발표했습니다. 오랜 재직자 두 명인 John Sorte와 John Redmond가 2025년 연차 주주총회에서 재선에 도전하지 않기로 했습니다.

1993년부터 재직해 온 Sorte 이사와 2008년 합류한 Redmond 이사는 Vail Resorts를 지역 운영자에서 세계에서 가장 큰 산악 리조트 기업으로 탈바꿈시키는 데 핵심적인 역할을 해왔습니다. 이들이 떠난 후 이사회는 아홉 명의 이사로 구성되며 그 중 여덟 명은 독립적입니다.

회사는 이 전환이 운영, 정책 또는 관행에 대한 어떤 이견 때문이 아니라는 점과 이사회가 지속적으로 구성원을 새롭게 하고 필요한 기술과 전문성을 유지하려는 의지를 반영한다고 강조했습니다.

Vail Resorts (NYSE : MTN) a annoncé d’importants changements à son Conseil d’administration, alors que deux membres de longue date, John Sorte et John Redmond, ne se représenteront pas à l’élection lors de l’Assemblée générale annuelle des actionnaires 2025.

M. Sorte, en fonction depuis 1993, et M. Redmond, arrivé en 2008, ont joué un rôle clé dans la transformation de Vail Resorts d’opérateur régional à la plus grande société de stations de montagne au monde. Après leur départ, le Conseil sera composé de neuf administrateurs, dont huit seront indépendants.

L’entreprise a souligné que ces transitions ne résultent pas de désaccords sur les opérations, les politiques ou les pratiques, et elles reflètent l’engagement continu du Conseil en faveur du renouvellement et du maintien du bon équilibre des compétences et de l’expertise.

Vail Resorts (NYSE: MTN) gab bekannt, dass es wesentliche Änderungen im Vorstand gibt, da zwei langjährige Mitglieder, John Sorte und John Redmond, sich bei der ordentlichen Hauptversammlung der Aktionäre 2025 nicht wiederwählen lassen.

Herr Sorte, der seit 1993 im Amt ist, und Herr Redmond, der 2008 beitrat hat, haben maßgeblich dazu beigetragen, Vail Resorts von einem regionalen Betreiber zu dem weltweit größten Unternehmen für Bergresorts zu entwickeln. Nach ihrem Ausscheiden wird der Vorstand aus neun Direktoren bestehen, von denen acht unabhängig sein werden.

Das Unternehmen betonte, dass diese Übergänge keineswegs wegen Meinungsverschiedenheiten zu Betrieb, Politik oder Praktiken erfolgen, und sie spiegeln das fortlaufende Engagement des Vorstands wider, sich zu verjüngen und die richtige Mischung aus Fähigkeiten und Fachwissen zu bewahren.

Vail Resorts (NYSE: MTN) أعلنت عن تغييرات كبيرة في مجلس إدارتها حيث لن يترشح عضوان مخضران، جون سورتي وجون ريدمند، لإعادة انتخابهما في اجتماع المساهمين السنوي لعام 2025.

عمل السيد سورتي منذ 1993، والسيد ريدمند الذي انضم في 2008، لقد كانا عاملاً حاسمًا في تحويل Vail Resorts من مشغّل إقليمي إلى أكبر شركة منتجعات جبلية في العالم. بعد مغادرتها سيضم المجلس تسعة مديرين، من بينهم ثمانية مستقلون.

أكدت الشركة أن هذه الانتقالات ليست بسبب أي خلافات حول العمليات أو السياسات أو الممارسات، وتعكس الالتزام المستمر للمجلس بالتجديد والحفاظ على المزج الصحيح من المهارات والخبرة.

Vail Resorts (NYSE: MTN)宣布对董事会进行重大调整,两位长期在任的成员John Sorte和John Redmond将不在2025年股东大会上寻求连任。

Sorte先生自1993年任职,Redmond先生自2008年加入,二人对将Vail Resorts从区域运营商转变为全球最大的山地度假村公司起到了关键作用。董事会在其离任后将由九名董事组成,其中八名为独立董事。

公司强调,这些变动并非由于在运营、政策或做法上的分歧,而是董事会持续进行更新、保持合适的技能与专业组合的承诺的体现。

Positive
  • Long-term board stability demonstrated by 30+ years of service from John Sorte
  • Strong independent board composition with 8 out of 9 directors being independent
  • Orderly transition process with clear succession planning
Negative
  • Loss of significant institutional knowledge with departure of two long-serving board members

BROOMFIELD, Colo., Sept. 29, 2025 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) announced today that Board of Directors members John Sorte and John Redmond have informed the Company that they will not stand for reelection at the end of their current terms, which conclude on the date of the Company's 2025 Annual Meeting of Stockholders.

Mr. Sorte has served on the Board since 1993 and Mr. Redmond has served since 2008. Across their tenures, both have provided invaluable insight and guidance that have helped Vail Resorts grow from a regional operator into the world's largest mountain resort company. Messrs. Sorte and Redmond's contributions have been instrumental in shaping and delivering the Company's mission to create the Experience of a Lifetime for our employees, so they, in turn, can create the Experience of a Lifetime for our guests.

"We are grateful to John Sorte and John Redmond for their decades of service on our Board of Directors," said Rob Katz, Chairperson and Chief Executive Officer of Vail Resorts. "From the launch of the Epic Pass to strategic acquisitions in North America and our expansion into Europe and Australia, their efforts, experience and leadership have directly supported Vail Resorts as we grew into the company we are today. We wish them both the very best."

"Serving on Vail Resorts' Board for over three decades has been an incredible experience," said Mr. Sorte. "What started as a strategic vision to make skiing and riding more accessible to all has led to our global expansion from a small local player to the world's premier mountain resort company. I look forward to following the Company's successes for years to come."

"It has been a pleasure to be part of Vail Resorts' expansion since joining the Board in 2008," said Mr. Redmond. "I have been incredibly impressed by the Company's ability to consistently deliver exceptional guest experiences. Vail Resorts is well positioned to continue setting the industry standard long into the future."

At the conclusion of Mr. Sorte's and Mr. Redmond's terms, the Board will comprise nine Directors, eight of whom are independent. As part of its ongoing commitment to Board refreshment, the Board regularly reviews its membership to ensure it reflects the right mix of skills and expertise to support the Company's strategy and drive long-term sustainable shareholder value.

Neither Mr. Sorte's nor Mr. Redmond's decision not to seek reelection was due to any disagreement with the Company on any matter relating to operations, policies, or practices.

About Vail Resorts, Inc. (NYSE: MTN)

Vail Resorts is a network of the best destination and close-to-home ski resorts in the world including Vail Mountain, Breckenridge, Park City Mountain, Whistler Blackcomb, Stowe, and 32 additional resorts across North America; Andermatt-Sedrun and Crans-Montana Mountain Resort in Switzerland; and Perisher, Hotham, and Falls Creek in Australia. We are passionate about providing an Experience of a Lifetime to our team members and guests, and our EpicPromise is to reach a zero net operating footprint by 2030, support our employees and communities, and broaden engagement in our sport. Our company owns and/or manages a collection of elegant hotels under the RockResorts brand, a portfolio of vacation rentals, condominiums and branded hotels located in close proximity to our mountain destinations, as well as the Grand Teton Lodge Company in Jackson Hole, Wyo. Vail Resorts Retail operates more than 250 retail and rental locations across North America. Learn more about our company at www.VailResorts.com, or discover our resorts and pass options at www.EpicPass.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/vail-resorts-announces-board-of-directors-transitions-302569986.html

SOURCE Vail Resorts, Inc.

FAQ

Why are John Sorte and John Redmond leaving Vail Resorts' (MTN) Board of Directors?

Both directors have chosen not to stand for reelection at the end of their current terms, which conclude at the 2025 Annual Meeting of Stockholders. The decision was not due to any disagreements with the company's operations, policies, or practices.

How long have the departing Vail Resorts board members served?

John Sorte has served on the Board since 1993 (over 30 years), and John Redmond has served since 2008 (over 15 years).

What will be the composition of Vail Resorts' board after these departures?

Following their departure, the Board will comprise nine Directors, with eight being independent.

What is Vail Resorts' (MTN) current market presence?

Vail Resorts operates a network of 37 ski resorts across North America, Switzerland, and Australia, including flagship properties like Vail Mountain, Breckenridge, Park City Mountain, and Whistler Blackcomb.
Vail Resorts

NYSE:MTN

MTN Rankings

MTN Latest News

MTN Latest SEC Filings

MTN Stock Data

5.31B
35.33M
1.42%
112.07%
11.07%
Resorts & Casinos
Services-miscellaneous Amusement & Recreation
Link
United States
BROOMFIELD