Marriott Vacations Worldwide Announces the Promotion of John E. Geller, Jr. to President
Marriott Vacations Worldwide Corporation (NYSE:VAC) has promoted John E. Geller, Jr. to President while maintaining his role as Chief Financial Officer.
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Rhea-AI Summary
Marriott Vacations Worldwide Corporation (NYSE:VAC) has promoted John E. Geller, Jr. to President while maintaining his role as Chief Financial Officer. Geller's promotion is endorsed by CEO Stephen P. Weisz, who cites Geller's 12 years as CFO and his role in shaping the company’s strategy. Mr. Geller will lead the vacation ownership sector and oversee Finance, Human Resources, and IT. The company, known for its vacation ownership and resort management, aims for continued growth amidst economic recovery aspirations for 2021.
Positive
- John E. Geller's promotion signals a strengthened leadership structure.
- Geller's extensive experience in financial management strengthens corporate strategy.
Negative
- None.
Details
News Market Reaction – VAC
The recorded move for VAC in the trading session of this news was -3.18%.
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ORLANDO, Fla., Jan. 4, 2021 /PRNewswire/ -- Today, Marriott Vacations Worldwide Corporation (NYSE:VAC) is pleased to announce the promotion of John E. Geller, Jr. to the position of president of Marriott Vacations Worldwide, along with the continuation of his current role as chief financial officer.
Mr. Geller joined Marriott International in 2005 where he served as senior vice president and chief internal audit and information security officer. From May-December 2008, he was the chief financial officer for the Western Region of North America Lodging Operations, after which he transitioned to the role of chief financial officer at Marriott Vacations Worldwide Corporation until December 2017, when he also assumed responsibility for the information technology and human resources departments.
"As we move into 2021 with hopes of continued recovery in the economy, it is my profound pleasure to announce this exciting change to our executive leadership team and structure," said Stephen P. Weisz, CEO, Marriott Vacations Worldwide. "After John's 12 years as CFO of the business as well as his assumption of duties as Chief Administrative Officer in January 2018, I believe that this is a logical and well-earned next step in his career as well as a significant milestone for MVW."
Added Mr. Geller, "I am truly honored to assume this new role and its responsibilities so that we can continue the growth and evolution of our great company for our shareholders, Owners, Members and associates."
As President and CFO, Mr. Geller will oversee the vacation ownership arm of the business while retaining leadership of the Finance and Accounting, Human Resources and Information Technology organizations.
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 a diverse portfolio that includes seven vacation ownership brands. It also includes exchange networks and membership programs, as well as management of 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 and 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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SOURCE MVW Services Corporation
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