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2/23, 2:14 PM (Source: TeleTrader)
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Marriott hires Capuano as new CEO

Marriott International Inc. announced on Tuesday that its Board of Directors appointed Anthony Capuano as the company's new CEO.

Capuano was previously the group president of Global Development, Design and Operations Services. Meanwhile, Stephanie Linnartz became Marriott's president after working previously as the group president of Consumer Operations, Technology and Emerging Businesses. Both hirings are effective immediately. Marriott's previous President and CEO Arne Sorenson passed away on February 15.

"Arne was a mentor, a champion and a friend to each member of his close-knit leadership team. It is because of Arne's efforts that we are prepared to move forward with this transition," Capuano said in the company's statement.

Breaking the News / MS