Matthew Avril has been named Chief Executive Officer (CEO) at Starwood Vacation Ownership ("SVO")
Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced plans to spin-off its vacation ownership business, Starwood Vacation Ownership ("SVO"), into a separate publicly traded company. Matthew Avril, who retired as President of Starwood's Hotel Group in 2012, will return to lead the new company as Chief Executive Officer following completion of the spin-off. Stephen Williams will continue to serve as Chief Operating Officer. Avril, 54, began his career with Starwood in 1989 through Vistana, Inc., the original predecessor to SVO. During his tenure with SVO he served as both Chief Financial Officer and subsequently as Co-President. He became President of Starwood's Hotel Group in 2008 with oversight responsibility for the company's global hotel operations for all nine of Starwood's brands and its Global Sales Organization. Throughout his tenure, Starwood's hotel business experienced significant market share gains and record high associate engagement. He also contributed to Starwood's success as a global enterprise, driving key initiatives and best practices across all geographies.