Feb 17, 2021 01:01 AM EST
Marriott CEO Arne Sorenson has died after a pancreatic cancer fight. He was 62 years old.
Marriott International's president and CEO Arne Sorenson died Monday after nearly two-year battle with his cancer. The sad news was announced by the the hotel chain on Tuesday.
Just two weeks ago, the company announced that Sorenson had to start reducing his work schedule so he can focus on cancer treatment instead. This is why his death is deemed "unexpected" in Tuesday's press release.
It can be remembered that Sorenson was only diagnosed with stage 2 pancreatic cancer back in May 2019.
Sorenson was described as an "exceptional executive, but more than that, he was an exceptional human being," by J.W. Marriott, Jr., the company's executive chairman.
"He had an uncanny ability to anticipate where the hospitality industry was headed and position Marriott for growth. But the roles he relished the most were as husband, father, brother and friend," J.W. Marriott, Jr., added.
The chairman closed his statement with, "We share your heartbreak, and we will miss Arne deeply." Sorenson was Marriott's third CEO but the very first from outside the founding family.
Under his helm, Marriot entered into a $12 billion merger between with Starwood in 2016. During his time working as the top executive, he garnered countless praises for his exceptional leadership skills. He was praised for how effective his leadership is "on difficult national and global issues."
Last year, even as he was fighting his own sickness, he made a statement about the COVID-19 pandemic and how it is affecting the company's operations in a March 2020 video, subsequently attracting worldwide attention for what he said.
He mentioned that many were concerned that he's making the video bald, it was quite normal given his treatments. Instead of wanting the focus on him, he said that he and his team were focused on overcoming the crisis. The hotel industry was badly hit, after all.
A message to Marriott International associates from President and CEO Arne Sorenson. pic.twitter.com/OwsF14TZgb— Marriott International (@MarriottIntl) March 19, 2020
Marriott (MAR) executives Stephanie Linnartz and Tony Capuano filled in for Sorenson while he was on leave. Sorenson himself said he trusts the two of them greatly, before stepping back on his duties and focusing on health.
"Since my diagnosis, I've been working with a great medical team at Johns Hopkins to treat this cancer," said Sorenson, at the time.
"While I have worked throughout my treatment to date and plan to remain as engaged in the business as my health allows, the right thing to do for me, my family and the company is to focus on my health. I know Stephanie and Tony will work with Marriott's strong executive team to continue to move the company forward. I, along with my family and my medical team, remain optimistic about my prognosis and I plan to return full-time after the conclusion of my treatments."
Linnart and Capuano will continue to do so up until a new CEO is announced. This announcement is expected to be named within the next two weeks.
Barry Gabster is the founder of InitiateU and is a leading proponent of the marketing mailer revolution, having already taken his company to 10x growth in 2021, alone. In fact, the exponential growth has seen the company rise from $800K-$8.5M just on word-of-mouth referrals.
If you think that the micro accounts are useful only for beginners who may not be able to cope with the fast dynamics of changing quotes on trading platforms, then this is not so. Professionalism grows out of these cent accounts.
Journalists love their jobs because they get to interact with people from all sorts of backgrounds and expertises, then turn around and share their knowledge with the world.
As the metaverse takes over more of our digital lives, the commoditization of all aspects of our virtual beings becomes more and more of a reality.
Bitcoin and cryptocurrency in general guarantee some amazing profits if invested correctly.
In the currency trading business, many individuals make mistakes. Since most individuals join this profession with too much excitement, they forget about efficient strategies. Instead of controlling their investment and execution process, most individuals make poor choices for trading.
In today's digital world, more and more people are investing in cryptocurrencies. These digital tokens have exploded into popularity over the past few years, and have grown to the point that there are now nearly over 6,000 of them, according to Statista.
Following the pandemic, natural calamities, and major employment shifts, a startling new study on the online news site News Nation shows that 1 in 4 Americans don't have an emergency fund.