After more than 60 years of leadership, Marriott International Executive Chairman, J.W. Marriott, Jr, has announced his retirement.
According to the hotelmanagement, the 89-year-old told the Board of Directors that he will not stand for re-election at the Annual Meeting of Stockholders in May.
J.W. Marriott, Jr was formally designated Chairman Emeritus in recognition of his leadership and significant contributions to the company.
He will pass the baton to his son David S. Marriott, who was elected as Chairman by the Board.
