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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."

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