Marriott Chief Operations Officer Robert McCarthy to Retire
By Nathalie Tadena
Marriott International Inc. (MAR) said its chief operations officer Robert McCarthy will retire in February after 38
years with the hotel chain.
Mr. McCarthy was appointed to his current position in late 2011. He began his career as a waiter in a Marriot
restaurant outside Philadelphia while attending Villanova University and has held a number of leadership roles including
group president for the Americas and global lodging services.
Mr. McCarthy is exploring other hospitality-related business opportunities, including hotel ownership, Marriott said.
The company also said other senior executives will take on broader responsibilities.
Marriott, which operates the Courtyard, Renaissance, Ritz-Carlton and Fairfield brands as well as its namesake hotels,
has made a generally robust recovery from the recession. The company has benefited from growing demand from corporate
travelers in the U.S. and low hotel-supply growth. Marriott has become increasingly dependent on international markets
because of stalled construction of new hotels in the U.S.
In July, Marriott reported its second-quarter profit increased 25% as the hotel industry bellwether recorded improved
revenue per available room and higher average daily rates.
Shares were up by 26 cents to $43.26 in recent trading. The stock is up 16% since the start of the year.
Write to Nathalie Tadena at firstname.lastname@example.org
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