Latest news with #Asmar
Yahoo
27-05-2025
- Business
- Yahoo
Marriott Vacations Worldwide Appoints Christian Alejandro Asmar to Board of Directors
ORLANDO, Fla., May 27, 2025--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) ("MVW" or the "Company") announced the appointment of Christian Alejandro Asmar to its Board of Directors effective today. Mr. Asmar is the co-founder and Managing Partner of Impactive Capital, which owns approximately 9.5% of the outstanding shares of MVW. Following Mr. Asmar's appointment, MVW's board will consist of 12 directors, 11 of whom are independent. Also, the Company plans to establish two new ad hoc board committees. One of these committees is expected to focus on advising the Board on the Company's modernization efforts aimed at revenue growth and cost efficiencies, of which Mr. Asmar will be a member, and a second committee is expected to advise the Board on the Company's technology innovation strategy. "Impactive Capital has been a significant stockholder of the Company for over a year, and we have appreciated their ongoing engagement with management and the Board," said William J. Shaw, Chairman of the Board, Marriott Vacations Worldwide. "Christian brings a depth of expertise and stockholder perspective, and we look forward to working with him to create value for all our stockholders." Mr. Asmar said, "I am excited to join the board of MVW at this important time for the Company. Impactive has a strong track record of working constructively with the businesses we invest in, and I look forward to partnering with my fellow directors to support the Board and management in their efforts to drive operational efficiency, enhance free cash flow per share, and deliver sustainable, long-term returns for shareholders." Impactive Capital LLC is an active investment management firm based in New York that serves some of the largest pension, endowment and foundations globally. Prior to founding Impactive, Mr. Asmar was a Managing Director and Investing Partner at Blue Harbour Group, a leading activist investment firm. Prior to joining Blue Harbour, Mr. Asmar was a founding team member of Morgan Stanley Infrastructure Partners (MSIP), where he worked in infrastructure investments in the energy, transportation and social infrastructure sectors and served on the board of multi-billion-dollar private infrastructure assets. In addition, he had previous experience in the Investment Banking division at Morgan Stanley where he structured and executed project level financing in emerging markets and Latin America. Mr. Asmar served on the Board of Avid Technology, Inc. [Nasdaq: AVID] from November 2019 to November 2023. In connection with the appointment of Mr. Asmar to the Board, the Company and Impactive Capital have entered into a support agreement which contains customary standstill provisions. About Marriott Vacations Worldwide Corporation Marriott Vacations Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has over 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates an exchange network and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories, and provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and an affiliate of Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit View source version on Contacts Neal GoldnerInvestor Cameron KlausGlobal
Campaign ME
06-05-2025
- Entertainment
- Campaign ME
Moreish's Rouba Asmar joins Young Director Award as Middle East Ambassador
The Young Director Award (YDA), one of the most important fringe events at the Cannes Lions International Festival of Creativity, attracting more than 400 participants and over 900 spectators every year, is expanding its reach with a stronger presence in the Middle East. Joining the YDA Ambassadors Advisory Board is Rouba Asmar, Founder and Executive Producer at Moreish, who will represent the region as part of YDA's mission to champion the next generation of filmmakers worldwide. Founded in 1998 by CFP-E (the Federation of Advertising Production Associations across Europe) under then-President François Chilot, the Young Director Award stems from the philosophy that 'talent is the driving force behind great filmmaking'. What sets YDA apart is its singular focus: debuting directors. It's built on the idea that powerful creative voices can come from anywhere, they just need the right stage. This is where Rouba's new role finds deep relevance. This ambassadorship aims to be more than an exciting milestone; it's a chance to help shift the spotlight onto the Middle East, a region rich in culture, energy and stories that deserve to be heard around the world. 'We have extraordinary stories in the Middle East, and extraordinary people ready to tell them,' Asmar said. 'What we need are the right platforms, the right community, and a mindset that celebrates directorial vision not just execution. I believe YDA can help accelerate that change.' Beyond awarding talent, YDA's purpose is to give emerging filmmakers a platform where they can be seen and celebrated by leading industry figures from all over the world. As it gears up for its 28th edition this June in Cannes, YDA is looking to welcome more voices from the Middle East in the future, and Asmar's involvement is key to making that happen. 'Our mission has always been to discover and elevate emerging talent and foster new perspectives in storytelling,' says François Chilot, Founder and President of YDA. 'Culture shapes the way we see the world, and that diversity is filmmaking's greatest gift.' In her new role, Asmar will work closely with regional film schools, cultural institutions, and creative communities to build bridges and open doors for fresh talent. Future plans include film screenings, networking events, and initiatives designed to inspire the next generation of Middle Eastern filmmakers, and help them take their place on the global stage.
Sydney Morning Herald
02-05-2025
- Business
- Sydney Morning Herald
Health Workers Union put into administration as secretary Diana Asmar stands down
Health Workers Union (HWU) secretary Diana Asmar will step down from the embattled Victorian branch, which will be put into administration after a deal was struck with the national organisation to avoid a protracted court battle. The national executive of the Health Services Union reached the deal with Asmar on Friday after spending months in court seeking to take control of the HWU, one of its four Victorian branches. The Fair Work Commission has taken civil action against Asmar, alleging that a printing business connected to her received $2.7 million in HWU member funds for no service, with the money instead going into private accounts, and that more than $120,000 in reimbursements was claimed without evidence of relevant business expenses. The Health Services Union itself is not accused of any wrongdoing, and has since September sought to put the HWU into administration over the allegations. Asmar privately denied the accusations and had previously fought against giving up control of the HWU. On Friday, the Health Services Union's national executive announced it had reached an in-principle agreement that would put the Victorian branch into full administration, avoiding months of court hearings that were scheduled to begin in May. Asmar has agreed to support this process and will be automatically removed from her position, ending her time in office, which was not due to expire until November 2026. The agreement does not affect the Fair Work Commission's prosecution against Asmar and other senior HWU leaders. Health Services Union national secretary Lloyd Williams said the union would continue to support the commission as it seeks to prosecute Asmar and recover compensation for any losses from alleged financial misconduct.
The Age
02-05-2025
- Business
- The Age
Health Workers Union put into administration as secretary Diana Asmar stands down
Health Workers Union (HWU) secretary Diana Asmar will step down from the embattled Victorian branch, which will be put into administration after a deal was struck with the national organisation to avoid a protracted court battle. The national executive of the Health Services Union reached the deal with Asmar on Friday after spending months in court seeking to take control of the HWU, one of its four Victorian branches. The Fair Work Commission has taken civil action against Asmar, alleging that a printing business connected to her received $2.7 million in HWU member funds for no service, with the money instead going into private accounts, and that more than $120,000 in reimbursements was claimed without evidence of relevant business expenses. The Health Services Union itself is not accused of any wrongdoing, and has since September sought to put the HWU into administration over the allegations. Asmar privately denied the accusations and had previously fought against giving up control of the HWU. On Friday, the Health Services Union's national executive announced it had reached an in-principle agreement that would put the Victorian branch into full administration, avoiding months of court hearings that were scheduled to begin in May. Asmar has agreed to support this process and will be automatically removed from her position, ending her time in office, which was not due to expire until November 2026. The agreement does not affect the Fair Work Commission's prosecution against Asmar and other senior HWU leaders. Health Services Union national secretary Lloyd Williams said the union would continue to support the commission as it seeks to prosecute Asmar and recover compensation for any losses from alleged financial misconduct.
CBS News
23-03-2025
- Business
- CBS News
Dubai chocolate has made its way to Columbia Heights Minnesota
From TikTok to Minnesota's Twin Cities, the buzz around this chocolate is just too sweet to ignore and Columbia Heights is the epicenter of all the craze. Inside, The Golden Nuts, the air is filled with the aroma of coffee and roasted nuts, shelves lined with a selection of sweets but amid the array-one item stands out. "It's Dubai Chocolate," smiled AJ Asmar. A rich milk chocolate bar filled with pistachio butter and katafi dough. A pack of two bars will cost you about $10. Co-Owners, AJ Asmar and Mahmoud Rammouni opened the shop last year with hopes of bringing something new to the state. "This is considered one of the first Middle Eastern bakery in Minnesota," Rammouni said. Their rendition of the viral Dubai chocolate has people lining up—eager to get their hands on the luxurious chocolate bar. But, Asmar said they didn't want to stop there, rolling out the Dubai Strawberry Cup, inspired by the popular bar. "We want to give people the Dubai chocolate experience here locally," Asmar said. As the craze continues to grow, Asmar and Rammouni hope to continue to bring people together to get a tase of luxury while staying on top of the latest viral phenomenon
