Starwood CEO Checks Out

The Starwood interim CEO has left his position and accepted a job as AMC’s new chief executive.

Adam Aron, Starwood’s interim CEO, has stepped down from his position, expecting to leave at the end of the month to take a new position with AMC Entertainment. Aron has also resigned as a Starwood board member because of the time needed for his new position.

“It has been a privilege to lead an extraordinary team of people around the world who, through their creativity and innovation, have changed the hospitality industry and the hotel experience in meaningful ways,” he said in a press release. “I am proud of what we have accomplished together with reinvigorated existing brands, the launch of new brands, accelerated growth and our game-changing merger with Marriott to soon become the biggest and best hotel company in the world.”

Aron is to be replaced by Thomas Mangas, who currently holds the executive vice president and chief financial officer positions. Mangas joined Starwood in 2014; previously, he worked for Armstrong World Industries and Procter & Gamble.

“I am thrilled to take on this new role as we continue to provide our guests with Starwood’s unique brand of hospitality, grow our footprint around the globe, drive value for our hotel owners and shareholders, and ultimately bring together two great companies and the talent within,” Mangas said in the same release. “I look forward to continued partnership with Alan and Robyn, two longtime leaders who are examples of the strength of Starwood’s team.”

[Photo: Business Wire]