STARWOOD Hotels & Resorts Worldwide president and CEO Frits van Paasschen has resigned following a “mutual agreement” with the board of directors.
Adam Aron, a Starwood director since 2006, has been appointed as interim CEO until a permanent replacement is found.
Meanwhile, van Paasschen will continue with Starwood as a consultant to assist in the transition.
Aron has been a senior operating partner at Apollo Management and CEO of World Leisure Partners since 2006. He had also served as CEO of the Philadelphia 76ers, chairman and CEO of Vail Resorts, and president and CEO of Norwegian Cruise Line. Earlier in his career, Aron was senior vice president of marketing for United Airlines and for Hyatt Hotels Corporation.
