Arne Sorenson, CEO, Marriott Global talking at the World Financial Forum in Davos, Switzerland, January 21, 2020.
Adam Galica | CNBC
Arne Sorenson, who turned into once credited with turning Marriott Global into the world’s greatest resort chain after procuring Starwood Accommodations & Hotels in a $13 billion deal in 2016, has died.
Sorenson, the third CEO in Marriott’s history and the first delivery air the founding household, handed away on Monday, the corporate said in a press launch Tuesday. He turned into once 62 years used and had been present process treatment for pancreatic cancer.
Sorenson expanded the industry’ presence worldwide, below dozens of producers, alongside with W Accommodations, Ritz-Carlton, Courtyard and Sheraton.
Most currently, he turned into once tasked with leading the industry via an endemic, which has brought most worldwide and home stir to a standstill.
In May presumably well 2019, the resort operator had presented that Sorenson had been diagnosed with cancer. Earlier this month, it shared the data that the CEO will most definitely be temporarily reducing support his work schedule to accommodate extra demanding treatment.
Marriott had already, earlier this 365 days tapped two executives – Stephanie Linnartz, team president of user operations, technology and rising companies; and Tony Capuano, team president of worldwide pattern, form and operations companies – to oversee day-to-day operations, filling in for Sorenson.
The company said Tuesday that Linnartz and Capuano will continue to develop so till the board appoints a brand sleek CEO, which is anticipated to be in the next two weeks.
Marriott shares had been up decrease than 1% in premarket procuring and selling Tuesday, having fallen about 12% over the previous 12 months. The resort operator has a market cap of nearly $42 billion.