After more than 60 years of leadership, Mr. J.W. Marriott, Jr. confirmed to the Board of Directors of Marriott International, Inc. (NASDAQ; MAR) that he plans to retire as Executive Chairman in May and will not stand for re-election to the Board at the upcoming Annual Meeting of Stockholders. In recognition of Mr. Marriott’s leadership and his significant contributions to the Company, the Board formally designated him Chairman Emeritus, effective immediately following the upcoming 2022 Annual Meeting. In addition, the Board has elected Mr. David S. Marriott to succeed Mr. J.W. Marriott, Jr. as Chairman of the Board, also effective immediately following the Annual Meeting.
J.W. Marriott, Jr. guided what was once a family-run root beer stand and restaurant business to a global hospitality company that is today comprised of nearly 8,000 properties across 30 brands in 139 countries and territories. Mr. Marriott’s passion for the hospitality industry began at an early age. He spent…