STAMFORD, Conn. — Thomas B. Mangas is set to become the new CEO of Starwood Hotels & Resorts Worldwide, Inc., effective Dec. 31.
Mangas — who currently serves as the company’s EVP and CFO — takes on the new role in the wake of current CEO Adam Aron’s resignation. Aron is leaving Starwood at the end of the month to become CEO and president of AMC Entertainment Holdings, Inc.
“On behalf of Starwood’s board of directors, I would like to thank Adam for stepping in to lead our company during a pivotal time in Starwood’s history. He accomplished much during his tenure as CEO, and contributed in countless ways as a member of our board for nearly a decade,” said Bruce W. Duncan, chairman of the board. “He leaves the company in excellent hands with Tom, a valued leader on our team who was instrumental in our review of our strategic alternatives and will continue to oversee the completion of our combination with Marriott.”
Meanwhile, Alan M. Schnaid — SVP, corporate controller and principal accounting officer — will step up as CFO, and current VP, Finance and Accounting Services, Robyn Arnell, will assume the role of corporate controller.