Vail Resorts Appoints Angela Korch as Chief Financial Officer

Vail Resorts, Inc. (NYSE: MTN) has appointed Angela Korch as Executive Vice President and Chief Financial Officer, effective Dec. 22, 2022.

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Rhea-AI Summary

Vail Resorts, Inc. (NYSE: MTN) has appointed Angela Korch as Executive Vice President and Chief Financial Officer, effective Dec. 22, 2022. Korch rejoins the company after serving as CFO at CorePower Yoga, bringing over a decade of experience in Vail’s finance roles. Her prior accomplishments include managing financial strategies during a period of rapid expansion and integration of 32 mountain resorts. She replaces Michael Barkin, who is resigning to pursue personal opportunities, with his last day scheduled for Jan. 1, 2023.

Positive

Angela Korch brings extensive experience in the industry and has a long history with Vail Resorts, potentially providing strong leadership.
Korch's previous roles involved significant achievements in financial management and operational strategy.

Negative

Michael Barkin's departure may raise concerns over leadership continuity and experience during a critical transition.

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11/28/2022 - 04:30 PM EST

BROOMFIELD, Colo., Nov. 28, 2022 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today announced the appointment of Angela Korch as Executive Vice President and Chief Financial Officer, effective Dec. 22, 2022. Angela rejoins Vail Resorts from CorePower Yoga, where she served as Chief Financial Officer since May 2020, after previously spending more than a decade in successive leadership roles within Vail Resorts' finance organization, working closely with the company's current CFO, Michael Barkin.

"We are pleased to welcome Angela back to Vail Resorts as our new CFO," said Chief Executive Officer of Vail Resorts, Kirsten Lynch. "Angela is a strong leader with deep experience in our industry, a passion for our sport, and a long history with our company."

Korch originally joined Vail Resorts in 2010 and held various leadership roles, including Vice President of Corporate & Mountain Finance, responsible for supporting the company's mountain division during a rapid expansion of its resort network. During her tenure, she managed financial and capital allocation strategies, transformed core processes, and played an integral role in the integration of 32 mountain resorts.

Prior to Vail Resorts, Korch was an Assistant Portfolio Manager at Muzinich & Company. Most recently, Korch served as CorePower Yoga's CFO, where she helped the company navigate through COVID-19-related challenges, raise capital, and return to studio portfolio expansion. She earned her MBA in finance from NYU Stern School of Business and has an undergraduate degree in applied economics and business management from Cornell University.

"It is an honor to return to Vail Resorts, a company that has played such an important role in both my professional and personal life," said Korch. "I am passionate about the company's mission and business strategy and excited about the direction Vail Resorts is headed under Kirsten's leadership. Michael has built a strong finance organization, and I am excited to have the opportunity to lead this team, and learn from them, as we jointly pursue ambitious business objectives in service of all our stakeholders."

Korch will replace Barkin, who announced his resignation in July 2022 to pursue personal opportunities. Barkin has remained in role to support the transition to his successor. His last day will be Jan. 1, 2023.

View original content to download multimedia:https://www.prnewswire.com/news-releases/vail-resorts-appoints-angela-korch-as-chief-financial-officer-301688201.html

SOURCE Vail Resorts, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is the new CFO of Vail Resorts as of December 2022?

Angela Korch has been appointed as the new CFO of Vail Resorts, effective December 22, 2022.

What prior experience does Angela Korch have before joining Vail Resorts?

Angela Korch was previously the CFO at CorePower Yoga and has over a decade of experience in various leadership roles within Vail Resorts.

Why did Michael Barkin resign from Vail Resorts?

Michael Barkin announced his resignation to pursue personal opportunities, with his last day set for January 1, 2023.

What impact does Angela Korch's appointment have on Vail Resorts?

Angela Korch's appointment is expected to strengthen leadership with her industry experience and familiarity with Vail Resorts.

Vail Resorts Appoints Angela Korch as Chief Financial Officer