Marriott Global president Stephanie Linnartz was not the only departing vacation govt to crank out headlines this calendar year, but she’s 1 of the number of who have selected to go away the vacation sphere fully.
Linnartz, who has been with Marriott for 25 many years and the company’s president due to the fact 2021, will depart to be president and CEO of athletic clothing and extras brand name Less than Armour.
It can be a thing of an atypical shift, dependent on the trendlines of vacation government departures from 2022 by itself.
Earlier this year, Alejandro Reynal declared he was leaving Hyatt’s Apple Leisure Team but joined 4 Seasons Hotels & Resorts as CEO. Lonely Planet CEO Matt Goldberg made the bounce to Tripadvisor last spring. Roger Dow, a former Marriott veteran who stepped down as CEO of the US. Travel Association this past summer months, introduced that his subsequent enterprise would be devoted to fixing the hospitality industry’s workforce crunch.
According to Sean Hennessey, a clinical associate professor at New York University’s Jonathan M. Tisch Middle for Hospitality, Linnartz’s industry pivot “is a small little bit uncommon” for the hotel sector in particular.
“The hotel marketplace has at times brought in an outdoors executive to deliver in some new thinking,” mentioned Hennessey, giving the illustration of Starwood’s 2007 use of CEO Frits van Paasschen, who previously led Coors Brewing Co. “It’s more difficult to assume of an example in which a prime participant from the hospitality sector went in the other course.”
Expenditure business lauds Linnartz employ
Financial investment financial institution Stifel, meanwhile, positively sights Under Armour’s choice to hire a hotel marketplace heavyweight.
In a Dec. 21 investigate report, Stifel analysts lauded Under Armour’s “addition of outside the house expertise” amid “an uneven setting” and highlighted the fact that Linnartz arrives to Under Armour from a substantially larger buyer organization.
“Most notably, Ms. Linnartz is witnessed as the driving force of Marriott’s electronic transformation, which include the 173 million member Bonvoy membership method,” the Stifel report stated, introducing that Linnartz’s existence on The House Depot’s board of administrators even further bolsters her practical experience from a retail point of view.
Hennessey in the same way thinks that Linnartz is effectively suited to shift gears from inns to apparel.
“Stephanie is effectively identified for her executive function skills, no matter if in relation to coordinating new initiatives, new technologies, mergers — she’s been involved in all of people points,” mentioned Hennessey. “So, although perhaps she hasn’t been [involved with] sneakers or T-shirts, she has the govt skills that I feel could be valuable in any style of [industry].”
Marriott Global, in the meantime, declined to remark on likely options to appoint a new president, though a spokesperson mentioned that Marriott CEO Tony Capuano would be “functioning carefully with Stephanie and his leadership workforce on the layout of the organization likely ahead.”