Yesterday, Starwood Hotels & Resorts announced the appointment of Thomas B. Mangas as the company’s new CEO, effective Dec 31. Mangas is currently serving as Starwood’s executive v.p. and chief financial officer, having previously held leadership positions at Armstrong World Industries, Inc. and The Procter & Gamble Company. When asked about his new role, Mangas said that he was “thrilled to…provide our guests with Starwood’s unique brand of hospitality, grow our footprint around the globe, drive value for our hotel owners and shareholders, and ultimately bring together two great companies and the talent within.”
Additionally, Starwood announced that Alan M. Schnaid, who currently serves as the senior v.p., corporate controller and principal accounting officer, will be appointed chief financial officer, and Robyn Arnell, who is currently the v.p., finance and accounting services, will assume the role of corporate controller. Starwood still expects to be acquired by Marriott International Inc. by mid-year 2016. For more information, visit starwoodhotels.com.