Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that Jay Koval, Vice President of Investor Relations, will be stepping down from his position to pursue a new opportunity. Stephen Pettibone has been appointed Vice President of Investor Relations, effective immediately.
Vasant M. Prabhu, Vice Chairman and Chief Financial Officer said, “We are excited for Jay as he moves on in his career. For six years, Jay has been an integral part of our team, steering our Investor Relations function during the financial crisis and subsequent growth of our business. Last year, Starwood’s Investor Relations was named the Best in Gaming and Lodging by Institutional Investor Magazine. We wish Jay continued success.”
Prabhu continued, “Stephen Pettibone has been a valued member of Starwood’s finance team for nearly five years, most recently in the M&A function. During his years at Starwood, Stephen has worked in a range of roles that have allowed him to develop a broad understanding of our global business that he can bring to bear on our Investor Relations program. Prior to Starwood, Stephen held roles in corporate strategy at Sabre Holdings and investment banking at CIBC World Markets, where he focused on lodging and travel services companies.”
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 1,090 properties in nearly 100 countries and 154,000 employees at its owned and managed properties. Starwood Hotels is a fully integrated owner, operator and franchisor of hotels and resorts with the following internationally renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Four Points® by Sheraton, Aloft®, and Element(SM). The company boasts one of the industry’s leading loyalty programs, Starwood Preferred Guest (SPG), allowing members to earn and redeem points for room stays, room upgrades and flights, with no blackout dates. Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts.
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