Marriott Vacations Worldwide Announces Board Changes, Including Two New Independent Directors
February 24 2025 - 9:07AM
Business Wire
Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or
the “Company”) today announced the appointment of hospitality
industry leaders, Matthew Avril and James (“Jim”) Dausch, as
independent directors of the Board.
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Matt Avril (Photo: Business Wire)
The Company also announced the retirement of Melquiades (“Mel”)
Martinez and Raymond (“Rip”) Gellein as members of the Board
effective immediately prior to the Company’s annual meeting of its
stockholders, which is expected to take place in May 2025.
The board appointments announced today are effective March 4,
2025 and form part of MVW’s ongoing board refreshment process
overseen by the Board’s Nominating and Corporate Governance
Committee.
Mr. Avril has over 30 years of executive experience, principally
in the hospitality and vacation ownership industries, and most
recently served as Chief Executive Officer of Diamond Resorts
International, Inc. Prior to that, he was Chief Executive
Officer-elect for Vistana Signature Experiences, Inc. (“Vistana”)
after his retirement as President, Hotel Group, at Starwood Hotels
& Resorts Worldwide, Inc. (“Starwood”). Before that, he served
in several executive leadership positions with Starwood, and held
various senior leadership positions with Vistana, including as
President and Managing Director of Operations. Mr. Avril is a CPA
(inactive status) and his experience in hospitality and vacation
ownership includes marketing and sales, finance and accounting,
resort operations, technical operations and human resources.
Mr. Dausch is a senior executive with over 25 years of
experience conceptualizing and leading the execution of
transformational, growth-focused strategies at well-known brands,
including Marriott International, Inc., and is currently Global
Chief Digital and Technology Officer, Pizza Hut at Yum! Brands,
Inc. Prior to that, Mr. Dausch served as Executive Vice President
and Chief Customer Officer at Under Armour, Inc. Prior to that, his
career at Marriott International spanned over 20 years in various
senior leadership positions including as Chief Digital and
Transformation Officer, with increasing leadership responsibility
in the areas of operations, corporate finance, sales and marketing,
brand management, franchising, and digital and technology.
William Shaw, Chair of MVW’s Board of Directors, said, “Matt and
Jim bring decades of collective experience with leading hospitality
and consumer brands and deep industry, operational, technological
and digital expertise. They are both terrific additions with skills
that will help drive our strategy forward.”
“On behalf of the Board, I would like to thank Mel and Rip for
their many contributions to the Company and wish them all the best
in their retirement,” added Shaw. “Looking ahead, I am confident
that the Board is well equipped with the right mix of skills,
expertise and tenure needed to maximize long-term shareholder value
including advancing our strategy to leverage technology to
modernize our business.”
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 approximately 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/20250224691239/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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