Hyatt Names Mark Vondrasek as Chief Commercial Officer
February 26, 2018 1:14pm
CHICAGO (February 26, 2018) – 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.
Tags: 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.
Contact: Kathy Krenger
+1 312 780 5129
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.
Hyatt Regency Beijing Wangjing Offering 348 Guestrooms Opens in China Led by General Manager Till Martin
Hyatt Capital Gate Abu Dhabi Rebranding to Andaz Capital Gate Abu Dhabi Marking Andaz Entry Into the Middle East
Hyatt Expands Global Presence with 19 Executed Management and Franchise Contracts During March and April 2018
Hyatt Hotels Rebrands India's Hyatt Amritsar to Hyatt Regency Amritsar
Hyatt Signs with Henderson Park and Hines for Grand Hyatt Athens Set for Q3 2018 Opening
Nish Palas Istanbul Opens in Istanbul as Part of The Unbound Collection by Hyatt
Owned and Managed by Talbot Hotels S.A. the Hyatt Centric San Isidro Lima and Hyatt Centric Las Condes Santiago Open in Peru and Chile
Concord Aztec Brickell Opens 208-Room Hyatt Centric Brickell Miami in the City's Tallest Building, Panorama Tower
The Iconic Hôtel Martinez Reopens in Cannes, Joining The Unbound Collection by Hyatt
Cycas Hospitality to Manage France's First Dual-Branded Hyatt Place and Hyatt House Opening Late 2020
AC Ocean Walk and Hyatt Enter Franchise Agreement for the New 1,399-room Ocean Resort Casino in Atlantic City, N.J.
Hyatt Appoints Stephen Ho as President - Greater China, Global Operations
Hyatt and Tianfu Minyoun Hospitality Join Forces for 50 Hyatt Place and Hyatt House in China Over the Next Five Years
PNB Merdeka Ventures Sdn. Berthed and Hyatt to Develop the First Park Hyatt hotel in Kuala Lumpur, Malaysia
Hyatt Enters Agreement with Promotora Comercial Abadan for 144-Key Hyatt Place Aguascalientes in Mexico
Area Vice-President and General Manager Gottfried Bogensperger Welcomes Guests to New Grand Hyatt Manila
Hyatt Centric Ginza Tokyo Opens Marking Asia-Pacific Debut of the Hyatt Centric Brand
Hyatt to Realign its Corporate Leadership Team and Operations
Developed by BGR Mining & Infra Ltd., Hyatt Place Hyderabad/Banjara Hills Opens
Hyatt Increases Share Repurchase Authorization by $750 Million; Sold Hyatt Regency Monterey Hotel & Spa; Received $217 Million in Connection with Sale of Avendra
Please login or register to post a comment.