Latest news with #MarriottVacationsWorldwideCorporation
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
Business Wire
19-05-2025
- Business
- Business Wire
Marriott Vacations Worldwide to Participate at the Morgan Stanley Travel & Leisure Conference
ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide (NYSE: VAC) announced today that John Geller, President and Chief Executive Officer, and Jason Marino, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley 3rd Annual Travel & Leisure Conference on June 3, 2025, from 12:45 – 1:20 p.m. E.T. A live webcast of the event will be available in the Investor Relations section of the Company's website at An audio replay of the conference call will be available for 30 days on the Company's website. 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 approximately 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
Miami Herald
13-05-2025
- Business
- Miami Herald
Marriott worker scheduled to work Sabbath in violation of her religion, suit says
A Marriott employee's new boss told her she had to work the Sabbath, in violation of her religion, after she had received an exemption for two years, according to a federal lawsuit filed in Florida. The Equal Employment Opportunity Commission said it failed to reach an early settlement with the Marriott Vacations Worldwide Corporation and Marriott Ownership Resorts, so it filed a religious discrimination lawsuit in the Middle District of Florida on May 5. McClatchy News reached out to Marriott for comment on the lawsuit May 13 but did not immediately receive a response. The former employee, a Seventh-Day Adventist, said she told her employer that she couldn't accept the job if she had to work Saturdays because that was the day of worship and rest in her religious practice, according to the lawsuit. 'Because her religion is central to her life, (the woman) discloses her religion to potential employers and informs potential employers that she cannot work Saturdays during interviews,' the commission's attorneys wrote in the filing. Her boss at the time granted that request, and she was hired in May 2021 selling timeshares at one of the hotel chain's properties in Orlando, the filing says. The woman said she did well at the company, and in 2022 transferred to a position that involved higher commission with the same managers, but then two new managers began to oversee her role, according to the complaint. Her new managers asked her former boss about her exemption from working Saturdays, then they informed her she was going to be placed on 'overage,' which was typically seen as a punishment in the division, and scheduled her to work Saturdays for May 2023, the lawsuit says. The employee told the manager that working the Sabbath violates her religion, but he told her she had to come in anyway, so she reported to human resources that she was being discriminated against for her religion, according to the filing. She didn't come in for her Saturday shifts in May, then she had a call with HR toward the end of the month, in which the HR representative told her she had to work Saturdays if she was scheduled, the lawsuit says. She went to her regional director, who told her the same, and she continued to be scheduled to work Saturdays, the complaint says. She resigned June 1, 2023, according to the lawsuit. Federal officials say Marriott Vacations Worldwide Corporation and Marriott Ownership Resorts failed to provide reasonable religious accommodation, retaliated against their employee and constructively discharged her by creating a condition in which she had no choice but to leave. The Equal Employment Opportunity Commission is seeking back pay and punitive damages on the former employee's behalf.
Yahoo
12-05-2025
- Business
- Yahoo
Marriott Vacations Worldwide Corporation Announces Quarterly Cash Dividend
ORLANDO, Fla., May 12, 2025--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.79 per share of common stock. The dividend is payable on or around June 6, 2025, to stockholders of record as of the close of business on May 23, 2025. 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 approximately 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 Sign in to access your portfolio
Business Insider
12-05-2025
- Business
- Business Insider
Analysts Conflicted on These Consumer Cyclical Names: National Vision Holdings (EYE), Marriott Vacations Worldwide Corporation (VAC) and Mercadolibre (MELI)
Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on National Vision Holdings (EYE – Research Report), Marriott Vacations Worldwide Corporation (VAC – Research Report) and Mercadolibre (MELI – Research Report). Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. National Vision Holdings (EYE) Barclays analyst Adrienne Yih maintained a Hold rating on National Vision Holdings on May 9 and set a price target of $17.00. The company's shares closed last Friday at $17.17. According to Yih is a 4-star analyst with an average return of 5.0% and a 48.5% success rate. Yih covers the NA sector, focusing on stocks such as Dick's Sporting Goods, Canada Goose Holdings, and Lululemon Athletica. Currently, the analyst consensus on National Vision Holdings is a Moderate Buy with an average price target of $17.83, representing a 3.5% upside. In a report issued on May 7, Morgan Stanley also maintained a Hold rating on the stock with a $17.00 price target. Marriott Vacations Worldwide Corporation (VAC) In a report issued on May 9, Brandt Montour from Barclays maintained a Buy rating on Marriott Vacations Worldwide Corporation, with a price target of $88.00. The company's shares closed last Friday at $64.65, close to its 52-week low of $63.46. According to Montour is a 4-star analyst with an average return of 6.1% and a 47.3% success rate. Montour covers the NA sector, focusing on stocks such as Six Flags Entertainment Corporation, Hilton Worldwide Holdings, and Wyndham Hotels & Resorts. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Marriott Vacations Worldwide Corporation with a $84.57 average price target, representing a 31.0% upside. In a report issued on May 8, Truist Financial also maintained a Buy rating on the stock. Mercadolibre (MELI) In a report released yesterday, Andrew R. Ruben from Morgan Stanley reiterated a Buy rating on Mercadolibre, with a price target of $2850.00. The company's shares closed last Friday at $2450.00. Mercadolibre has an analyst consensus of Strong Buy, with a price target consensus of $2751.25, implying a 13.5% upside from current levels. In a report issued on May 7, BTIG also maintained a Buy rating on the stock with a $2750.00 price target.
