Added Organizational Changes Advance Streamlined Operations and
Development Structure
CHICAGO--(BUSINESS WIRE)--
Hyatt
Hotels Corporation (NYSE: H) today announced the appointment of Mark
Vondrasek as the company's chief commercial officer. In this role,
Vondrasek will be responsible for the previously announced commercial
services organization driving guest and customer engagement functions
while working across the organization to enhance the frequency and level
of engagement with guests. Vondrasek will assume his new role effective
March 1, 2018, continuing to report to Mark Hoplamazian, president and
chief executive officer.
"Mark's track record as a transformational leader, his past experience
and recent success in accelerating the World of Hyatt loyalty program
make him uniquely qualified for this role," said Hoplamazian. "His
ability to identify and advance innovative ideas that deepen
relationships with customers is vital to our experience-based growth
strategy."
Vondrasek will continue to oversee the World of Hyatt loyalty platform
as well as new growth platforms, including Miraval and exhale, along
with global sales, revenue management, distribution strategy, corporate
marketing, brands, communications, digital, consumer insights and global
contact centers. Information technology will report into Alex
Zoghlin, global head of data strategy, innovation and technology.
Hyatt further announced Jim Chu has been selected as global head of
development and owner relations to maintain and enhance the momentum in
new hotel development around the world, continuing to report to Chuck
Floyd, global president of operations. Building on the previously
announced streamlined structure for full service and select service
operations, managed and franchised operations and development will
reside within each region.
Additionally, James Francque has been appointed head of transactions,
focusing on new investment opportunities for the company, and reporting
to Mark Hoplamazian.
"I am extremely grateful to have a team of versatile leaders equipped to
lead across a variety of areas within our business," said Hoplamazian.
"This new organizational structure will help accelerate our growth and
position us to practice the agility and adaptability that is essential
to our future."
The term "Hyatt" is used in this release for convenience to refer to
Hyatt Hotels Corporation and/or one or more of its affiliates.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a portfolio of 14 premier brands. As
of December 31, 2017, the Company's portfolio included more than 700
properties in more than 50 countries across six continents. The
Company's purpose to care for people so they can be their best informs
its business decisions and growth strategy and is intended to attract
and retain top colleagues, build relationships with guests and create
value for shareholders. The Company's subsidiaries develop, own,
operate, manage, franchise, license or provide services to hotels,
resorts, branded residences, vacation ownership properties, and fitness
and spa locations, including under the Park Hyatt®, Miraval®,
Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The
Unbound Collection by Hyatt®, Hyatt Place®, Hyatt
House®, Hyatt Ziva™, Hyatt Zilara™, Hyatt
Residence Club® and exhale® brand names.
For more information about Hyatt Hotels Corporation, please visit www.hyatt.com.
FORWARD-LOOKING STATEMENTS
Forward-Looking Statements in this press release, which are not
historical facts, are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Our actual
results, performance or achievements may differ materially from those
expressed or implied by these forward-looking statements. In some cases,
you can identify forward-looking statements by the use of words such as
"may," "could," "expect," "intend," "plan," "seek," "anticipate,"
"believe," "estimate," "predict," "potential," "continue," "likely,"
"will," "would" and variations of these terms and similar expressions,
or the negative of these terms or similar expressions. Such
forward-looking statements are necessarily based upon estimates and
assumptions that, while considered reasonable by us and our management,
are inherently uncertain. Factors that may cause our actual results,
performance or achievements to differ materially from current
expectations include, among others, the rate and pace of economic
recovery following economic downturns; levels of spending in business
and leisure segments as well as consumer confidence; declines in
occupancy and average daily rate; the financial condition of, and our
relationships with, third-party property owners, franchisees and
hospitality venture partners; the possible inability of third-party
owners, franchisees or development partners to access the capital
necessary to fund current operations or implement our plans for
growth; risks associated with potential acquisitions and dispositions
and the introduction of new brand concepts; failure to successfully
complete proposed transactions (including the failure to satisfy closing
conditions or obtain required approvals); changes in the competitive
environment in our industry, including as a result of industry
consolidation, and the markets where we operate; general volatility of
the capital markets and our ability to access such markets; and other
risks discussed in the Company's filings with the U.S. Securities and
Exchange Commission, including our Annual Report on Form 10-K, which
filings are available from the U.S. Securities and Exchange
Commission. These factors are not necessarily all of the important
factors that could cause our actual results, performance or achievements
to differ materially from those expressed in or implied by any of our
forward-looking statements. We caution you not to place undue
reliance on any forward-looking statements, which are made only as of
the date of this press release. We undertake no obligation to update
publicly any of these forward-looking statements to reflect actual
results, new information or future events, changes in assumptions or
changes in other factors affecting forward-looking statements, except to
the extent required by applicable law. If we update one or more
forward-looking statements, no inference should be drawn that we will
make additional updates with respect to those or other forward-looking
statements.

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Source: Hyatt Hotels Corporation