The case involved a lot of incredibly complicated financial details, and Arne helped me first to understand and then to explain them so that they sounded simple. If I’d followed my own heart, I probably would have chosen him as my successor. Arne M. Sorenson is president and chief executive officer of Marriott International, Inc. Mr. Sorenson presides over one of the world’s largest hospitality companies and some of the most iconic brands in travel. Marriott CEO Arne Sorensen Says Most of the World Has Seen the Bottom ... Bill’s son, is expected to join the board of directors in 2021. Arne and his wife, Ruth. With his acquisition of Starwood three years ago, Arne Sorenson created the world's largest hotel empire. John just shook his head and laughed. He completed radiation treatment and immunotherapy earlier that year and underwent another round of chemotherapy post surgery. As far as I know, Arne didn’t seriously consider leaving. While I majored in religion, I didn’t get that call. In 2002 he joined our board. In 2012, Sorenson became the third CEO in the company’s history, having held several positions since joining in 1996, including president and chief operating officer, chief financial officer and president of Continental European Lodging. He is the President and Chief Executive Officer of Marriott International. I know that some of our lodging competitors tried to hire him for very senior roles. About three years later he came to work for us. So in 2005 John became vice chairman of the board and left his executive position at the company. But as time went on, Bill Marriott realized that it wasn’t the right fit—for either John or the company. Arne was clearly the right choice, and it was time.  A graduate of Luther College and the University of Minnesota Law School,   Sorenson became the head of the largest publicly traded hotel chain in the world on March 31, 2012. He remained based at our U.S. headquarters, in Bethesda, Maryland, but he spent one week every month visiting hotels in Europe, and he really began to understand the business from the bottom up. In that job he presented to the board at every meeting. I didn’t want that. Arne knows the business, lives our core values and has the respect and admiration of all of the company's major stakeholders." Although the announcement, in December of 2011, was treated as big news because Marriotts had been in the top job for nearly 85 years, it wasn’t much of a surprise to people who knew the company. When I became the head of Marriott, in 1964, many people were surprised. In 2016, he led Marriott International’s $13.6-billion acquisition of Starwood Hotels & Resorts, catapulting the company’s total number of hotel rooms to more than 1.2 million. In 2016, he led Marriott International’s $13.6-billion acquisition of Starwood Hotels & Resorts, catapulting the company’s total number of hotel rooms to more than 1.2 million. In 2019, Mr. Sorenson was named CEO of the Year by Chief Executive magazine and was placed on Forbes’ list of America’s Most Innovative Leaders and Barron’s list of World’s Best CEOs. Have you looked at how other companies have transitioned from family CEOs to nonfamily CEOs? He had been a director for Wal-Mart, and was the Chief Operating Officer for Marriott. By most measures, Sorenson has enjoyed extraordinary success. I was only 32 and had worked […]. I recognized that Arne had great potential, but he didn’t have any experience in the operations side of the hotel business. Here people have dramatically different backgrounds and skills, and I needed to understand that kind of culture. All rights reserved. Sorenson isn’t missing his morning workouts, and said he … Do you agree with Bill Marriott, who says there’s a real benefit to having a family member in the CEO job in a family company? Especially in the personal services business, in which the brand is guaranteeing a certain kind of experience, I believe that having someone whose name is synonymous with the brand, who stands behind it and cares about you, is a real advantage. Arne M. Sorenson is President and Chief Executive Officer of Marriott International, Inc., a global leading lodging company with more than 4,300 lodging properties in 81 countries and territories and reported revenue of more than $14 billion in fiscal year 2014.. He serves on the board of trustees for The Brookings Institution and the board of directors for Special Olympics and the Warrior-Scholar Project. John had worked here for 20 years before I arrived, and by that time he had a big job. We brought him in to head our mergers and acquisitions team. Scopri le migliori foto stock e immagini editoriali di attualità di Arne M Sorenson su Getty Images. I was really impressed that he could explain something so complex in a way that anyone could understand. Arne M. Sorenson is president and chief executive officer of Marriott International, Inc. Mr. Sorenson presides over one of the world’s largest hospitality companies and some of the most iconic brands in travel. But the more I looked at the situation, the more I realized that John is a natural-born entrepreneur. HBR asked him to reflect back on the succession process. The largest trade he's ever made was exercising 497,640 units of Marriott International stock on 16 January 2014 worth over $11,649,752. 60s A M Sorenson Washington, DC (Northwest Washington) View Full Report. Arne Morris Sorenson (born October 13, 1958) is an American hotel executive. I first met Arne Sorenson, who eventually succeeded me, in 1993. He was 20 years older than I was, and when it came to finance, he was brilliant. Arne Sorenson: The short answer is ‘with no plan.’ I am the son of a Lutheran preacher. If you believe the conventional wisdom about family businesses—that talented nonfamily executives won’t stick around, because they feel they have little chance of being promoted to the most senior jobs, which are reserved for family members—you’d think he would have been pretty excited about those opportunities. Their son, Arne, moved home to help on the farm in the late 90s. Page monitored by Marriott International. Arne Sorenson. Bill Marriott will step down as CEO and become executive chairman. That’s not the way I’m built. In all, John spent three decades at Marriott. But I never felt that with John. He doesn’t have the temperament to run a company the size of Marriott today, with 3,800 properties and 18 brands. He is interesting in that he is the first person from outside of the Marriott family to run Marriott International. Like all family members who have joined the company (including me), John started at the bottom, as a cook in the kitchen. We had a good relationship, and we still do. 4 of 5 records View all. It was a favorite saying of our founder J. Willard Marriott and his son, Bill Marriott. Il ceo di Marriott, Arne Sorenson, legge così l'ascesa della piattaforma home sharing e la sua crescente concorrenza al mondo alberghiero. Arne M. Sorenson is president and chief executive officer of Marriott International, Inc. I don’t recall a conversation where anyone said “Arne, you have lousy people skills.” But I do recall a series of conversations I had with Bill and with other leaders about how important Marriott’s culture is to its success, and how this was something I needed to be aware of and supportive of. But gradually he realized that he had to make a different choice. Many companies have mandatory retirement at 65, and a lot of CEOs today are retiring in their fifties. He spent most of his adult life preparing to succeed me as CEO. Some of them were probably viewed as potential successors, but I was in no hurry to give up the job. Family: Wife: Ruth Marie Sorenson, four children Age: 53 Born: Tokyo, Japan Current residence: Chevy Chase, MD, 20815 In February of 2012, activists with Jobs with Justice and “Shareholder Spring” attempted to visit Mr. Sorenson in his office. Arne Morris Sorenson (born 1958) is an American hotel executive. He was born in Tokyo.He studied at the University of Minnesota.. Sorenson became the head of the largest publicly traded hotel chain in the world on March 31, 2012. While I majored in religion, I didn’t get that call. He has tremendous potential, but at the moment, he is still learning. I went to law school instead. Born and raised in Japan until he was 7 years old, when his family relocated to St. Paul, Minnesota, Marriott International president and CEO Arne Sorenson was introduced to travel at an early age. He devoted his heart and soul to learning the business. Did you ever think you’d face a ceiling at Marriott because it’s a family-run company? Marriott was involved in a big lawsuit, and Arne was one of the lawyers who represented us. As I watched John adapt to this role, I could see that he wasn’t having much fun. In an emotional video message on Thursday to Marriott International employees, CEO Arne Sorenson characterized the coronavirus crisis as more severe for … Eleanor was born May 22, 1930, to Leona Young Bear and Fred Hale. That would be disloyal. Every company develops some level of bureaucracy as it grows, and for a senior executive, managing that bureaucracy is an important part of the job. Arne Sorenson is the president and CEO of Marriott International. But in my experience, fears about retention are overblown: If you treat people well, they’ll want to stay. And if a family company chooses its first nonfamily CEO, that doesn’t necessarily mean no family member will serve as its top executive in the future. I care too much about Marriott, which has been my life’s work, to make a risky choice. The group “call[ed] on Mr. Sorenson to meet with members of Organization United for Respect at Walmart (OUR Walmart) and to ask Walmart board chair Rob Waltonand CEO Mike Duke to do th… Both my grandfathers were Lutheran preachers. As expected, Sorenson replaced him, becoming the first non-family member to head Marriott. Arne Sorenson, i segreti di chi gestisce le nozze Marriott’s-Starwood. But even though he’d spent years filing lawsuits and conducting cross-examinations, Arne has a broader background, as I came to learn. Before he joined Marriott, he was a partner with the law firm Latham & Watkins in Washington, D.C. (An edited interview with Sorenson accompanies the article.) The job gave him broader exposure to employees away from our headquarters—to general managers and frontline workers. In 1998 our chief financial officer left, and although Arne wasn’t an obvious choice for that position, we moved him into it. In 1983 he graduated from the University of Minnesota Law School, and he went on to become a partner at Latham & Watkins. Find out from CEO of Marriott Arne Sorenson, head of the world’s largest hotel chain, and one of the world’s best leaders (as a “CEO of the Year” and leader of one of the most admired companies), what he thinks about the future of travel, work, and cities and what it takes to be a great leader. But he was a micromanager. He is the President and Chief Executive Officer of Marriott International. Arne and John didn’t act like rivals, and I’m sure that if John had succeeded me, Arne would have given him a chance and stayed on in a senior role. ... 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