>> EASTERN USA TIMESHARE NEWS:
PARSIPPANY: By now you all know that Wyndham has finally filled the position of CEO of Wyndham Vacation Ownership unexpectedly vacated by Franz Hanning in Nov. 2016. Right? You’ve all seen the press release about it, right?
So you know the new CEO’s name is Michael D. Brown. If you didn’t actually read the whole presser or investigate any further, here is the relevant data about his experience in the industry; he looks so young in his official photograph (he’s really about 45?) that you might be surprised at the depth of his experience.
Brown’s introduction to timeshare came with nearly 16 years of employment at Marriott International and Marriott Vacation Club International, where he served from about 1993 to 2008 in a series of sales, development, operations, and finance leadership roles across the U.S., Europe and the Caribbean.
From Marriott he moved to Hilton Grand Vacations in July 2008, where he served in a variety of management positions for 5 1/2 years. There he rose to the position of Executive Vice President Sales & Marketing where he led the company’s domestic sales operations. In December 2013 he was promoted to the position of Chief Operating Officer for HGV, where he remained until he was tapped to lead the Wyndham Vacation Ownership division of Wyndham Worldwide.
We don’t know what his compensation for accepting this new job will be, but considering his total calculated compensation as of FY 2016 with HGV was $1,447,751 (according to Bloomberg), I’d imagine it up there in the stratosphere somewhere.
Notably, at HGV Brown championed responsible business practices, including serving as the inaugural executive sponsor of the organization’s Diversity and Inclusion Council. Also, since HGV has never suffered from the poor reputation that Wyndham VO’s sales division has demonstrated during most of its existence, dating all the way back to when it was Fairfield Resorts, perhaps Brown will bring a more positive ethos to the game at his new job and improve both the company’s reputation and the reality of the way it does business. You know the old canard that a fish rots from the head down; we’ll be watching this new head. 😉
Brown will report to Wyndham Worldwide Chairman and Chief Executive Officer Stephen P. Holmes, who has been serving as interim leader of the business since the start of the year.
“If you haven’t got anything nice to say about anybody, come sit next to me.” -Alice Roosevelt Longworth
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