Marriott Vacations Worldwide Appoints Jason Marino as Executive Vice President Effective September 30, 2023
July 25, 2023 at 06:00 pm IST
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Marriott Vacations Worldwide Corporation announced Jason Marino has been named Executive Vice President effective September 30. He will succeed Anthony ?Tony? Terry, who announced his intent to retire from the Company earlier this year. With nearly 10 years at the Company, Mr. Marino currently serves as Senior Vice President, Strategy, Financial Planning & Analysis and Operational Finance ? Vacation Ownership, leading a global team responsible for enterprise-wide finance and business functions, including strategic planning, M&A, budgeting and forecasting, capital structure allocation and financing activities. He also leads the teams providing operational financial support for the vacation ownership segment, including sales and marketing, development and inventory and revenue management. In his new role, Mr. Marino will report directly to John Geller, President and Chief Executive Officer. Mr. Marino joined the Company as Vice President, Corporate Finance in 2014, where he helped drive the creation and execution of the Company?s capital efficient inventory strategy, as well as the Company?s $4 billion acquisition of ILG in 2018, including subsequent integration and transformation programs. He also led the
Company?s acquisition of Welk Resorts in 2021 and has provided critical financial leadership in the Company?s capital raising activities. Prior to joining the Company, Mr. Marino served as Managing Director and head of business development and corporate finance at Cantor Commercial Real Estate, as well as Director of Real Estate Investment Banking at Credit Suisse Securities. While at Credit Suisse, he worked with public and private companies in the real estate, lodging and timeshare industries helping clients raise capital and drive strategic growth. Mr. Marino received a Masters of Business Administration from Cornell University, Johnson Graduate School of Management.
Marriott Vacations Worldwide Corporation is a global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company's segments include Vacation Ownership, and Exchange & Third-Party Management. The Vacation Ownership segment develops, markets, sells, finances, rents, and manages vacation ownership and related products under its licensed brands. Its brands include Marriott Vacation Club, Sheraton Vacation Club, Westin Vacation Club, Grand Residences by Marriott, The Ritz-Carlton Residences and Hyatt Vacation Club. The Exchange & Third-Party Management segment is comprised of the Interval International and Aqua-Aston businesses. The Interval International business offers a variety of membership programs and travel related products and the Aqua-Aston business provides property management and rental services to property owners at approximately 25 resorts and lodging properties.