Management ChangeJul 21, 2026, 08:01 AM
Marriott Vacations EVP Lori Gustafson Departs; Position Eliminated
AI Summary
Marriott Vacations Worldwide announced that Lori Gustafson, Executive Vice President and Chief Brand and Digital Officer, will depart the company effective July 31, 2026, due to the elimination of her position in an internal reorganization. Ms. Gustafson will receive a severance payment of $1,425,000, representing one and a half times her 2026 base salary plus target bonus. She is also eligible for an additional payment based on 2026 performance, with other equity awards treated per existing terms, contingent on a release of claims and restrictive covenants.
Key Highlights
- Lori Gustafson, EVP and Chief Brand and Digital Officer, will depart the company.
- Her position is being eliminated as part of an internal reorganization.
- Departure is effective July 31, 2026.
- Ms. Gustafson will receive a severance payment of $1,425,000.
- She is eligible for an additional payment based on 2026 company performance.
- Benefits are contingent upon a general release of claims and restrictive covenants.
- The Separation Agreement is filed as Exhibit 10.1.
Price Impact
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