STAMFORD, Conn. — Starwood Hotels & Resorts Worldwide, Inc. announced on Dec. 15 that Thomas B. Mangas, currently executive vice-president and chief financial officer, has been named chief executive officer, effective Dec. 31. The appointment follows the resignation of Adam Aron, who is leaving Starwood at the end of the month to become chief executive officer and president of AMC Entertainment Holdings, Inc.
The company also announced that Alan M. Schnaid, currently senior vice-president, corporate controller and principal accounting officer, will be appointed chief financial officer, and Robyn Arnell, currently vice-president, finance and accounting services, will assume the role of corporate controller.
Executive vice-president and chief financial officer since September 2014, Mangas has been responsible for global accounting, tax, treasury, strategic planning, corporate development, risk management, investor relations and supply chain functions. Prior to joining Starwood, Mangas served as executive vice-president and chief executive officer of Armstrong Floor Products, a division of Armstrong World Industries, Inc. (NYSE: AWI). From 2010 to 2013, he was senior vice-president and chief financial officer of Armstrong World Industries, Inc., where he was responsible for finance, investor relations, information technology and global business services.
Schnaid joined Starwood in 1994 and has been Starwood’s senior vice-president, corporate controller and principal accounting officer since 2005. Prior to that, he was senior vice-president and corporate controller since 1998 and vice-president and controller since 1996.
Arnell joined Starwood in 1998 and, since 2012, has been vice-president, finance and accounting services, with responsibility for overseeing Starwood’s corporate and hotel shared service finance operations.
Given the time requirements of his new role, Aron has also resigned from Starwood’s board of directors, effective Dec. 30.