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 Departing President and CEO of the Wyndham Hotel Group, 
Steven A. Rudnitsky, to Get $2.2 million Severance
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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 Worldwide.
 

Form 8-K for WYNDHAM WORLDWIDE CORP 

3-Sep-2008
Change in Directors or Principal Officers

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;  Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 

On September 2, 2008, Wyndham Worldwide Corporation (the "Company") announced that Steven A. Rudnitsky, Chief Executive Officer of the Company's lodging business unit, is leaving the Company effective September 30, 2008. It is expected that, consistent with his employment agreement, Mr. Rudnitsky will receive cash severance of approximately $2.2 million and any of Mr. Rudnitsky's long term incentive awards that would have otherwise vested within one year of the effective date of his separation will vest immediately upon separation and remain outstanding for two years following the effective date of separation. 

About Wyndham Worldwide
As one of the world’s largest hospitality companies, Wyndham Worldwide offers individual consumers and business-to-business customers a broad suite of hospitality products and services across various accommodation alternatives and price ranges through its premier portfolio of world-renowned brands. Wyndham Hotel Group encompasses almost 6,550 franchised hotels and almost 551,000 hotel rooms worldwide. Group RCI offers its more than 3.6 million members access to over 67,000 vacation properties located in approximately 100 countries. Wyndham Vacation Ownership develops, markets and sells vacation ownership interests and provides consumer financing to owners through its network of approximately 145 vacation ownership resorts serving over 800,000 owners throughout North America, the Caribbean and the South Pacific. Wyndham Worldwide, headquartered in Parsippany, N.J., employs more than 33,000 employees globally. For more information about Wyndham Worldwide, please visit the Company’s web site at www.wyndhamworldwide.com.

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Contact:

Betsy O’Rourke 
SVP Marketing + Communications 
Wyndham Worldwide 
973 753 7422
betsy.o’rourke@wyndhamworldwide.com
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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

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