1 May 2014
Starwood Hotels and Resorts Worldwide, Inc. (NYSE: HOT) said that Vasant M. Prabhu has resigned as vice chairman and chief financial officer to join NBCUniversal as chief financial officer.
Twenty-year Starwood veteran and finance leader Alan Schnaid, currently senior vice president, FINANCE AND CHIEF ACCOUnting officer, will serve as interim chief financial officer effective immediately. To ensure a smooth transition, Prabhu will continue with Starwood through May 30, 2014. Starwood has commenced a comprehensive search for a permanent replacement, assisted by executive search firm Korn Ferry, that will consider both internal and external candidates.
Starwood Hotels and Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with nearly 1,200 properties in 100 countries, and 181,400 employees at its owned and managed properties. For more information, visit www.starwoodhotels.com.