An earlier version of this Market Pulse inaccurately reported the day on which Sorenson died. He died Monday, Marriott said.
Marriott International Inc. MAR, +0.55% said Tuesday that its Chief Executive and President Arne Sorenson died unexpectedly on Monday. Sorenson had disclosed in May of 2019 that he had been diagnosed with pancreatic cancer and on Feb. 2, said he would be taking time off to allow for more aggressive treatment. “Mr. Sorenson became the third CEO in Marriott’s history in 2012, and the first without the Marriott surname,” the hotel group said in a statement. “A visionary leader, Mr. Sorenson put the company on a strong growth trajectory that included the $13-billion acquisition of Starwood Hotels & Resorts.” The company said the two executives who were tapped to run the business during Sorenson’s treatment, Stephanie Linnartz, group president, consumer operations, technology and emerging businesses, and Tony Capuano, group president, global development, design and operations services, will continue to run it until the board appoints a new CEO, which is expected within one to two weeks.
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