Hotel Online Special Report

advertisement
Marriott Selects Ernst & Young as Independent Auditor;
Arthur Andersen Had Served Since 1959
WASHINGTON, May 3, 2002 - Marriott International, Inc. (NYSE: MAR) announced today that its board of directors has appointed Ernst & Young LLP as the company's independent auditor for 2002, replacing Arthur Andersen LLP.

The change was based on the unanimous recommendation of the Audit Committee after careful consideration. "We are pleased to select Ernst & Young as our independent auditor," said Arne M. Sorenson, executive vice president and chief financial officer of Marriott International.

Prior to the appointment of Ernst & Young LLP, Arthur Andersen had served as the company's independent accountants since 1959.

"We appreciate the dedication and professionalism Andersen brought to Marriott, and thank the firm and the individuals who worked on our account for their years of service," said Sorenson.

Although the timing of events involving Andersen this year prevented Marriott from submitting the selection of its independent auditor to the shareholders in 2002, the company fully expects to resume this practice next year.

MARRIOTT INTERNATIONAL, INC. is a leading worldwide hospitality company with nearly 2,600 operating units in the United States and 64 other countries and territories. 

###

Contact
Marriott International, Inc.
http://www.marriott.com


 
Also See Marriott International Plans to Stick by Andersen, the Accounting Firm / January 2002 


To search Hotel Online data base of News and Trends Go to Hotel.Online Search

Home | Welcome! | Hospitality News | Classifieds | Catalogs & Pricing | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.