VAC - Marriott Vacations Worldwide Corporation

NYSE - NYSE Delayed Price. Currency in USD

Marriott Vacations Worldwide Corporation

6649 Westwood Boulevard
Suite 500
Orlando, FL 32821
United States
407-206-6000
http://www.marriottvacationsworldwide.com

SectorConsumer Cyclical
IndustryResorts & Casinos
Full Time Employees11,000

Key Executives

NameTitlePayExercisedYear Born
Mr. Stephen P. WeiszPres, CEO & Director1.95MN/A1951
Mr. John E. Geller Jr.Exec. VP and Chief Financial & Admin. Officer1.04MN/A1967
Mr. Ralph Lee CunninghamExec. VP & COO788.27kN/A1960
Mr. Brian E. MillerExec. VP and Chief Sales & Marketing Officer1.16MN/A1963
Ms. Lizabeth Kane-HananExec. VP and Chief Growth & Inventory Officer686.27kN/A1966
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, and Marriott Vacation Club Pulse brands. It operates through three segments: North America, Asia Pacific, and Europe. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand. In addition, it sells two points-based vacation ownership products through Marriott Vacation Club points-based ownership programs focused in North America and the Asia Pacific; and weeks-based vacation ownership products. Further, it is involved in financing consumer purchases of vacation ownership products; and renting vacation ownership inventory. Additionally, the company provides on-site management and services, such as daily housekeeping services, valet, in-residence dining, and access to fitness facilities, as well as spa and sports facilities for Ritz-Carlton branded properties. As of December 30, 2017, Marriott Vacations Worldwide Corporation operated 65 properties with 13,654 vacation ownership villas and approximately 400,000 owners in the United States, and 9 other countries and territories. It sells its upscale tier vacation ownership products primarily through a network of resort-based sales centers and off-site sales locations. Marriott Vacations Worldwide Corporation is headquartered in Orlando, Florida.

Corporate Governance

Marriott Vacations Worldwide Corporation’s ISS Governance QualityScore as of April 1, 2018 is 5. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 9; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.