STAMFORD, Conn. — Frits van Paasschen has resigned from his position as CEO, president and director of Stamford, Conn.-based Starwood Hotels and Resorts. Adam Aron, a Starwood director since 2006, will assume the role of interim CEO.
“I’m proud of Starwood’s accomplishments and the growth we’ve seen around the world and across all nine of our brands,” said van Paasschen. “We have challenged ourselves to deliver on bold plans while continuously finding new ways to provide better experiences for our guests, and it’s clear from our progress that Starwood is now in a strong position for the future.”
Aron is prepared to take the reins. “Having served on the Board for almost a decade, I know where Starwood has been and where it’s headed and am excited to lead the company as we continue to work to increase value for shareholders and customers,” he said.
The Board is conducting a search for a permanent CEO and is considering internal and external candidates. Van Paasschen will stay on as a consultant during this process to assist in the transition.