Wednesday, February 18, 2015
Starwood Hotels & Resorts’ Frits van Paasschen has resigned from his position as CEO. The change was announced Tuesday, February 17th, and was described as a mutual agreement with Starwood’s board of directors.
This comes just a week after the announcement of the Starwood Vacation Ownership spin-off. For the moment, Starwood Director Adam Aron will act as interim CEO and van Paasschen will continue to stay on as a consultant through the transition. Starwood has stated that they are considering both internal and external candidates. [Read more...]