Marriott Worldwide Board of Administrators Pronounces Two New Administrators
Lauren Hobart, President and CEO of DICK’S Sporting Items and Grant Reid, former President and CEO of Mars, Included Elected to Board of Administrators
BETHESDA, Md., March 15, 2023 /PRNewswire/ — The board of administrators of Marriott Worldwide, Inc. (NASDAQ: MAR) right now introduced the election of Lauren R. Hobart, President and Chief Govt Officer of DICK’S Sporting Items, and Grant F. Reid, former President and Chief Govt Officer of Mars, Included, as impartial administrators of the corporate, efficient March 15, 2023. Each are anticipated to be included within the firm’s slate of nominees for election at its upcoming 2023 annual assembly of stockholders.
“Lauren and Grant each have excellent observe information as chief executives of consumer-focused firms, a historical past of driving development by way of expertise, innovation and digital operations, and expertise constructing sturdy firm cultures,” mentioned Frederick “Fritz” Henderson, Marriott Worldwide’s Unbiased Lead Director. “We’re thrilled to have them be a part of the board and are assured that their contemporary views and contributions will assist advance the corporate’s technique and development.”
Lauren Hobart
Ms. Hobart serves as President and Chief Govt Officer of DICK’S Sporting Items. She is the third CEO within the firm’s 75-year historical past and the primary non-family member CEO.
“Lauren is a precious addition to Marriott’s board of administrators,” mentioned David Marriott, Chairman of the Board for Marriott Worldwide. “Lauren’s vital affect on shaping a tradition of inclusivity at DICK’S whereas enhancing the teammate and buyer expertise will profit Marriott as we proceed our efforts to create a constructive and sustainable affect wherever we do enterprise.”
Ms. Hobart joined DICK’S in February 2011 as Senior Vice President and Chief Advertising Officer (CMO). In her time as CMO, Ms. Hobart revamped the corporate’s advertising efforts, drove vital enchancment within the return on funding of the advertising spend and was instrumental in creating and launching DICK’S CALIA model. Ms. Hobart was promoted to Govt Vice President and CMO and later to Govt Vice President, Chief Buyer & Digital Officer. She grew to become President of DICK’S in Could 2017, overseeing the shops, advertising, eCommerce, expertise, human sources, communications, authorized and technique & analytics organizations, and have become President and CEO in February 2021.
Ms. Hobart has additionally served on the DICK’S board of administrators since January 2018 and is President of The DICK’S Sporting Items Basis. Beneath Ms. Hobart’s management, The DICK’S Sporting Items Basis developed its signature Sports activities Matter initiative in 2014, which has enabled over a million kids to have entry to sports activities. Previous to becoming a member of DICK’S, Ms. Hobart spent 14 years at PepsiCo in varied management roles. Previous to PepsiCo, Ms. Hobart was at Wells Fargo Financial institution and JP Morgan Chase.
Grant Reid
Mr. Reid served as President and CEO of Mars, a place he held for nearly 9 years, and led the corporate throughout a interval of great development and transformation. He introduced his retirement in June 2022 after a 34-year profession with the corporate. As CEO, Mr. Reid fused efficiency with function, delivered sustainable development, ramped up Mars’ digital capabilities, constructed its iconic manufacturers and expanded into newer territories like veterinary well being, pet companies, and wholesome snacking. In consequence, underneath Mr. Reid’s management, Mars’ annual gross sales grew by greater than 50% to almost $45 billion, and its world affiliate workforce greater than doubled from 60,000 to 140,000.
“We’re excited to welcome Grant to Marriott’s board of administrators and stay up for his contributions,” mentioned Mr. Marriott. “Grant brings with him a wealth of expertise, having led a family-owned firm that produces a few of the world’s most beloved and iconic manufacturers. His acumen in navigating the complexity of world provide chains and his dedication to individuals and our planet will assist advance Marriott’s operations and core values.”
Throughout his tenure as CEO, Mr. Reid championed Mars’ work on environmental points, launching its $1 billion Sustainable in a Technology Plan in 2017 and, extra just lately, driving coalitions to speed up cross-industry motion, together with being requested by the previous Prince of Wales to function chair of the Sustainable Markets Initiative’s (SMI) Agribusiness Process Power.
With the election of Ms. Hobart and Mr. Reid, the Marriott Worldwide board will increase to 14 administrators, 11 of whom are impartial. The board dimension is anticipated to be decreased to 13 at Marriott Worldwide’s annual assembly, at which one present director, having reached the age restrict for administrators underneath Marriott Worldwide’s Governance Ideas, is just not anticipated to be nominated for re-election by the board. With Ms. Hobart and Mr. Reid, the present members of Marriott Worldwide’s board of administrators are:
- David S. Marriott, Chairman of the Board; Former President, U.S. Full Service Managed by Marriott, Marriott Worldwide, Inc.
- Anthony G. Capuano, President and Chief Govt Officer, Marriott Worldwide, Inc.
- Isabella D. Goren, Former Chief Monetary Officer, American Airways, Inc. and AMR Company
- Deborah Marriott Harrison, International Cultural Ambassador Emeritus, Marriott Worldwide, Inc.
- Frederick A. Henderson, Marriott Worldwide’s Lead Director; Former Chairman and Chief Govt Officer, SunCoke Power, Inc.
- Eric Hippeau, Managing Associate, Lerer Hippeau
- Lauren R. Hobart, President and Chief Govt Officer, DICK’S Sporting Items
- Debra L. Lee, Former Chairman and Chief Govt Officer, BET Networks
- Aylwin B. Lewis, Former Chairman, President and Chief Govt Officer, Potbelly Company
- Margaret M. McCarthy, Former Govt Vice President, CVS Well being Company
- George Muñoz, Principal, Muñoz Funding Banking Group, LLC
- Grant F. Reid, Former President and Chief Govt Officer, Mars, Included
- Horacio D. Rozanski, President and Chief Govt Officer, Booz Allen Hamilton Inc.
- Susan C. Schwab, Professor Emerita, College of Maryland and Former U.S. Commerce Consultant
Word on Ahead-Trying Statements
This press launch accommodates “forward-looking statements” throughout the that means of United States federal securities legal guidelines, together with statements associated to the anticipated advantages of the addition of Ms. Hobart and Mr. Reid to the board, anticipated director nominees for election on the firm’s upcoming 2023 annual assembly of stockholders, the long run dimension of the corporate’s board, the corporate’s efforts to create a constructive and sustainable affect, and comparable statements regarding anticipated future occasions and expectations that aren’t historic info. We warning you that these statements will not be ensures of future efficiency and are topic to quite a few evolving dangers and uncertainties that we could not have the ability to precisely predict or assess, together with the danger elements that we determine in our U.S. Securities and Change Fee filings, together with our most up-to-date Annual Report on Type 10-Okay or Quarterly Report on Type 10-Q. Any of those elements might trigger precise outcomes to vary materially from the expectations we categorical or indicate on this press launch. We make these forward-looking statements as of the date of this press launch and undertake no obligation to publicly replace or revise any forward-looking assertion, whether or not because of new info, future occasions or in any other case.
About Marriott Worldwide
Marriott Worldwide, Inc., (NASDAQ: MAR) is predicated in Bethesda, Maryland, USA, and encompasses a portfolio of almost 8,300 properties underneath 30 main manufacturers spanning 138 international locations and territories. Marriott operates and franchises accommodations and licenses trip possession resorts all all over the world. The corporate provides Marriott Bonvoy®, its extremely awarded journey program. For extra info, please go to our web site at www.Marriott.com. As well as, join with us on Fb and @MarriottIntl on Twitter and Instagram.
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SOURCE Marriott Worldwide, Inc.
