Analysts Express Confidence in Marriott After Sorenson’s Death
Seasoned Executives Have 'Big Shoes To Fill' at Marriott, in Industry
Analysts who cover Marriott International said companies don't get stronger by losing emblematic leaders like Arne Sorenson, but the remaining executive leadership team is expected to continue to grow the company.
Analysts who cover Marriott International said companies don't get stronger by losing emblematic leaders like Arne Sorenson, but the remaining executive leadership team is expected to continue to grow the company.
C. Patrick Scholes, managing director of lodging and experiential leisure equity research for Truist Securities, said he doesn't expect there to be much disruption — among investors or consumers — due to the leadership change following Sorenson's death from pancreatic cancer Monday.
"Marriott is well-known for talent development and the longevity of its employees," he said, noting the company's executive leadership team "will have big shoes to fill, but they're fortunate to have strong depth of talent."
In a statement, Marriott said it expects to announce a new CEO within weeks, and an interim leadership plan is already in place.