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Vail Resorts chief financial officer retiring

BROOMFIELD, Colo. (AP) -- Vail Resorts Inc. said Tuesday that its chief financial officer and president of its lodging, retail and real estate business will retire at the end of the year.

Jeffrey W. Jones joined the ski resort company in 2003, according to the company's website.

Vail Resorts, based in Broomfield, Colo., said it will begin a search immediately for a replacement. Jones intends to remain engaged with the company, as needed, beyond his retirement date of Dec. 31 to ensure a smooth transition.

The company operates the mountain resorts of Vail, Beaver Creek, Breckenridge and Keystone in Colorado and the resorts of Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada. It also operates the Grand Teton Lodge Co. in Jackson Hole, Wyo.

Vail Resorts shares fell $1.32, or 2.6 percent, to close at $49.