Marriott Vacations Worldwide (NYSE: VAC) has announced leadership changes, with the appointment of Matthew E. Avril as interim President and CEO. Avril, who has more than 30 years of experience in the hospitality and vacation ownership industry, has taken on the role following the departure of John Geller.
The company's board of directors has initiated a search for a permanent President and CEO, expressing confidence in Avril's ability to work alongside the experienced management team to improve performance and restore shareholder value. Avril has affirmed his commitment to creating immediate shareholder value.
The company is reaffirming its 2025 guidance, which was issued on November 5, 2025, and also intends to opportunistically repurchase shares under its remaining $347 million share repurchase program during the quarter.
Marriott Vacations Worldwide Corporation is a leading global vacation company with 120 vacation ownership resorts and approximately 700,000 owner families in its portfolio. The company operates an exchange network and membership programs comprising more than 3,200 affiliated resorts in over 90 countries and territories and provides management services to other resorts and lodging properties. Following these announcements, the company's shares moved 6.36%, and are now trading at a price of $50.15. Check out the company's full 8-K submission here.
