[ad_1]
PARSIPPANY, New Jersey—Wyndham Accommodations & Resorts introduced that Michele Allen, chief monetary officer and head of technique, might be departing the corporate to pursue a brand new profession alternative outdoors of the resort trade. Kurt Albert, presently treasurer and head of monetary partnerships and planning, has been appointed interim chief monetary officer, efficient instantly. Wyndham plans to conduct a seek for a everlasting chief monetary officer, which can embody consideration of each inner and exterior candidates. Ms. Allen will serve in an advisory function at Wyndham via the tip of 2025 to assist a easy transition.
“Michele has been a useful member of the Wyndham crew for over 25 years,” stated Geoff Ballotti, president and chief govt officer. “Her distinctive monetary acumen and strategic imaginative and prescient have helped steer Wyndham via many pivotal moments. The contributions she’s made over time are numerous—from advancing key enterprise priorities to nurturing a world-class finance crew. On behalf of the Board and all of Wyndham’s crew members, we thank Michele for her dedication and management. We want her each success as she embarks on an thrilling new chapter in her profession.”
“It’s been an amazing privilege to construct my profession at Wyndham, working alongside so many gifted crew members, leaders, and the unbelievable neighborhood of franchisees who convey our manufacturers to life day by day,” stated Ms. Allen. “Collectively, we’ve formed an organization that has thrived via large change, and I’m deeply happy with all we’ve completed. As I sit up for a brand new problem, I’ll all the time be glad about the relationships which have made this journey so significant.”
Mr. Ballotti continued, “Kurt’s appointment as interim CFO underscores the depth and power of Michele’s crew and the caliber of management throughout Wyndham. With greater than 15 years as a key member of our finance division, we’re assured he’s well-equipped to steer our finance group throughout this era of transition.”
Mr. Albert has served as treasurer and head of monetary partnerships & planning since Might 2024 and, previous to that, held a number of management positions throughout the treasury and monetary planning & evaluation capabilities.
Along with this announcement, Wyndham reaffirmed its full-year 2025 outlook offered in its third-quarter 2025 earnings supplies
[ad_2]