News for the Hospitality Executive
Steven A. Rudnitsky, to Get $2.2 million Severance
|Wyndham Worldwide Announces Departure of Steven A. Rudnitsky
Parsippany, NJ September 2, 2008 - Wyndham Worldwide (NYSE:WYN) today announced that Steven A. Rudnitsky, president and chief executive officer of the Wyndham Hotel Group business unit, is leaving the company to pursue other interests. A search for a new CEO for the business is underway.
“Steve’s leadership transformed our lodging business from a pure domestic
franchise company into a major global franchise and management company
through the acquisition of world-class brands, acceleration of international
hotel development and the strengthening of our core domestic operations.
I thank him for his many valuable contributions. As we search for his successor,
we will be looking for a new leader who can build on this solid and stable
business platform,” commented Stephen P. Holmes, chairman and CEO of Wyndham
About Wyndham Worldwide
|Also See:||Wyndham Worldwide Acquiring the Microtel Inns & Suites and Hawthorn Suites Hotel Brands, Totaling 29,000 Rooms, from a Subsidiary of Global Hyatt Corporation / June 2008|
|Joseph R. Kane, President, Wyndham Hotel Group Retiring, to be Succeeded by Ken Greene / February 2007|
|Cendant Corp.Splitting Itself into Four Separate Public Companies - The Cendant Name Will be Retired; Stephen Holmes Will Head the Hotel and Timeshare Spinoff / October 2005|