Stamford, Ct., USA - December 16, 2015, Stamford, Ct., USA - Starwood Hotels & Resorts Worldwide announced that Thomas B. Mangas, executive vice president and CFO, has been named chief executive officer from December 31, 2015.
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Mr. Mangas has been Executive Vice President and Chief Financial Officer since September 2014, responsible for the global accounting, tax, treasury, strategic planning, corporate development, risk management, investor relations and supply chain functions.
Prior to joining Starwood, Mr. Mangas served as Executive Vice President and Chief Executive Officer of Armstrong Floor Products, a division of Armstrong World Industries.
From 2010 to 2013, he was Senior Vice President and Chief Financial Officer of Armstrong World Industries, where he was responsible for finance, investor relations, information technology and global business services.
Previously, Mr. Mangas spent 20 years at The Procter & Gamble Company in increasingly senior finance and accounting positions.
The appointment follows the resignation of Adam Aron, who is leaving Starwood at the end of the month to become Chief Executive Officer and President of AMC Entertainment Holdings, Inc.
Given the time requirements of his new role, Mr. Aron has also resigned from Starwood’s Board of Directors, effective December 30, 2015.
The Company also announced that Alan M. Schnaid, currently Senior Vice President, Corporate Controller and Principal Accounting Officer of Starwood, will be appointed Chief Financial Officer, and Robyn Arnell, currently Vice President, Finance and Accounting Services, will assume the role of Corporate Controller.
Mr. Schnaid joined Starwood in 1994 and has been Starwood’s Senior Vice President, Corporate Controller and Principal Accounting Officer since 2005.
Prior to that, Mr. Schnaid was Senior Vice President and Corporate Controller since 1998 and Vice President and Controller since 1996. Prior to joining Starwood, he held accounting positions with Mazars and Company, Kenneth Leventhal and Company and Laventhol & Horwath.
Mr. Arnell joined Starwood in 1998 and has been Vice President, Finance and Accounting Services of Starwood since 2012, with responsibility for overseeing Starwood’s corporate and hotel shared service finance operations. ■
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