Business

Marriott CEO Sorenson, 62, Dies of Pancreatic Most cancers | Enterprise Information

By DEE-ANN DURBIN, AP Enterprise Author

Marriott Chief Govt Arne Sorenson, who started limiting his schedule this month to pursue a extra aggressive most cancers therapy, has died. He was 62.

Sorenson grew the corporate into the world’s largest resort chain and for the previous 12 months has steered it by the coronavirus pandemic, a catastrophic occasion within the journey business.

Sorenson was first identified with pancreatic most cancers in 2019.

J.W. Marriott Jr., the corporate’s government chairman, stated Sorenson beloved each side of the resort enterprise and relished touring and assembly staff all over the world.

“Arne was an distinctive government – however greater than that – he was an distinctive human being,” stated Marriott stated in a ready assertion Tuesday.

Sorenson was the primary Marriott CEO whose identify was not Marriott, and solely the third to guide the corporate in its 93-year historical past.

Sorenson joined the Bethesda, Maryland, firm in 1996, abandoning a partnership in a Washington regulation agency the place he specialised in mergers and acquisitions. He rose to president and chief working officer earlier than he was named CEO in 2012.

After changing into Marriott’s high government, he oversaw the $13 billion acquisition of Starwood Accommodations in 2016. He pushed the worldwide chain to develop into extra sustainable whereas additionally making an attempt to fight human trafficking. He advocated for homosexual rights and opposed President Donald Trump’s 2017 ban on journey from majority Muslim nations

Even on the depths of the coronavirus pandemic, when Marriott’s income plunged greater than 70%, Sorenson remained optimistic.

“The actual fact of the matter is, individuals like to journey. They like to journey for themselves personally they usually like to journey for work,” Sorenson stated din November. “It’s usually probably the most attention-grabbing and it’s the place they’re going to be taught probably the most.”

Tributes poured in Tuesday from enterprise and civic leaders, together with Maryland Gov. Larry Hogan and U.S. Rep. Jamie Raskin. CNBC host Jim Cramer stated in a Twitter submit that Sorenson believed enterprise was the best supply for social change.

“He was a beautiful chief who led with empathy, integrity and authenticity,” Common Motors Chairman and CEO Mary Barra tweeted.

Sorenson served on Microsoft’s board of administrators in addition to the board of administrators for the Particular Olympics.

When Sorenson stepped again from full-time duties this month, Marriott turned to 2 veteran executives, Stephanie Linnartz and Tony Capuano, to supervise day-to-day operations. They are going to proceed in these roles till Marriott’s board names a brand new CEO, which is predicted to occur inside two weeks, the corporate stated.

Sorenson is survived by his spouse, Ruth, and 4 grownup kids.

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