Menu

Starwood Hotels announced Resignation of Vice Chairman and CFO

  • Published by Ozgur Tore

Starwood Hotels & Resorts Worldwide, Inc. announced that Vasant M. Prabhu has resigned as Vice Chairman and Chief Financial Officer to join NBCUniversal as Chief Financial Officer.

Twenty-year Starwood veteran and finance leader Alan Schnaid , currently Senior Vice President, Finance and Chief Accounting Officer, will serve as interim Chief Financial Officer effective immediately. To ensure a smooth transition, Prabhu will continue with Starwood through May 30, 2014. Starwood has commenced a comprehensive search for a permanent replacement, assisted by executive search firm Korn Ferry, that will consider both internal and external candidates.

Prabhu said, "It’s been a privilege to have worked with such an outstanding team during my tenure at Starwood. While it was a difficult decision to leave such an innovative and global organization, I know that the company is well positioned to continue to grow its brands and take full advantage of the revolution in high-end travel that is underway. I wish Frits and the team continued success and my sincerest thanks."

Advertisement

Destinations

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

ftnNEWS would like to present you a unique vacation idea here in Turkey: Cappadocia Region. Located on the central Anatolia plateau within a volcanic landscape sculpted by erosion to form a successi...

Fascinating Tunisia

Fascinating Tunisia

Recently I have visited Tunisia as a familiarization trip organized by the Tunisia Tourism Ministry with the support of Tunis Air. Tunisia is not only a beach holiday destination. It also offers a r...

City of beauties: Kharkiv

City of beauties: Kharkiv

Kharkiv or in Russian Kharkov, located in the northeast of Ukraine, is the second largest city in the country with a population of over 1.5 million inhabitants. Thanks to the European Football Champ...