Industry Update
Appointment13 October 2021

Anthony Terry

Promoted CFO
At Marriott Vacations Worldwide Corp. in Orlando - FL, USA

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Anthony Terry

Marriott Vacations Worldwide Corporation (NYSE: VAC) announces the promotion of Anthony "Tony" Terry to the position of executive vice president and chief financial officer effective October 16. Mr. Terry is a 25-year veteran of the company with deep experience across financial accounting, financial analysis, organizational optimization, and strategic planning and analysis. This appointment demonstrates a continued commitment to leadership development and thoughtful succession planning. As part of this appointment, Mr. Terry will report to John E. Geller, Jr. who will remain President, Marriott Vacations Worldwide, enabling Mr. Geller to fully shift his focus toward long-term growth and business transformation as well as continue his oversight of the Vacation Ownership, Finance & Accounting, Human Resources and Information Technology organizations.

Mr. Terry joined Marriott Vacation Club International, a division of Marriott International, in 1996 as Manager, Financial Accounting and was quickly promoted to roles of increasing responsibility. He had oversight of various financial and business planning functions and then rotated into executive roles covering new product development, brand management and product supply management. Most notably, Mr. Terry led work associated with significant milestones in the company's growth, including the spin-off of Marriott Vacations Worldwide from Marriott International in 2011. He also supported the $4 billion acquisition of ILG in 2018 through due diligence efforts as well as by leading integration efforts within the Finance & Accounting organizations across the two companies.

Mr. Terry most recently served as Senior Vice President of Global Operational Finance, where he led a global team responsible for all aspects of Finance and Accounting in support of the company's Sales and Marketing, Operations, Development, and Rentals organizations within the Company's Vacation Ownership segment. He partnered with business leaders, providing financial support and a strategic perspective designed to drive the overall financial results of the Company that maximized profitability and growth. Prior to joining the company, Mr. Terry worked at The Walt Disney Company and at Arthur Andersen LLP. He holds a Bachelor of Science degree in Accounting from Florida State University and has attended various executive leadership programs, including the Wharton School of Business Executive Development Program and Marriott International's Lodging Leadership Program.

Recent Appointments at Marriott Vacations Worldwide Corp.

John Geller - President

5 January 2021 — Today, Marriott Vacations Worldwide Corporation (NYSE:VAC) is pleased to announce the promotion of John E. Geller, Jr. to the position of president of Marriott Vacations Worldwide, along with the continuation of his current role as chief financial officer.
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Lori Gustafson - Executive VP and Chief Brand and Digital Strategy Officer

1 December 2020 — Marriott Vacations Worldwide Corporation (NYSE: VAC) announced Lori Gustafson as the company's new executive vice president and chief brand and digital strategy officer. Ms. Gustafson is also a member of the company's Executive Committee.
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