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Wyndham Worldwide announces spin-off hotel company, leadership changes

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Parsippany-based Wyndham Worldwide announced Monday leadership appointments for its new pure-play hotel company.

As previously announced, Geoff Ballotti, current CEO of Wyndham Hotel Group, will continue to lead the hotel company as CEO and president. David Wyshner has joined the company as chief financial officer and will become CFO of the new hotel company when it spins off from Wyndham Worldwide in 2018.

The new appointments are:

  • Tom Barber to chief strategy and development officer;
  • Paul Cash to general counsel, he will assume the role at the end of 2017;
  • Mary Falvey to chief administrative officer;
  • Barry Goldstein to chief marketing officer;
  • Bob Lowen to chief operating officer.

"This proven and experienced leadership team of industry veterans is perfectly suited to move this business forward as a standalone leader in hospitality, with an incredible global portfolio, a strong and resilient asset-light business model, strong cash flow, and a growing pipeline," Ballotti said. "Each of our leaders brings a unique perspective and background that together creates a powerful combination of public company and hospitality industry expertise as we look ahead to growing our collection of brands and driving lasting value for shareholders."

On August 2, Wyndham announced plans to spin off the company’s hotel business. Wyndham Hotel Group will become a new, publicly-traded pure-play hotel company. The other company will include Wyndham Vacation Ownership, with headquarters in Orlando, Florida.

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Emily Bader

Emily Bader

Emily Bader is the Web Editor and Social Media Coordinator at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com.

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