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Marriott Worldwide board of administrators broadcasts two new administrators

The board of administrators of Marriott Worldwide, Inc. in the present day introduced the election of Lauren R. Hobart, President and Chief Govt

Officer of DICK’S Sporting Items, and Grant F. Reid, former President and Chief Govt Officer of Mars, Included, as unbiased administrators of the corporate, efficient March 15, 2023. Each are anticipated to be included within the firm’s slate of nominees for election at its upcoming 2023 annual assembly of stockholders.

“Lauren and Grant each have excellent observe information as chief executives of consumer-focused firms, a historical past of driving progress by means of know-how, innovation and digital operations, and expertise constructing robust firm cultures,” stated Frederick “Fritz” Henderson, Marriott Worldwide’s Unbiased Lead Director. “We’re thrilled to have them be a part of the board and are assured that their contemporary views and contributions will assist advance the corporate’s technique and progress.”

Lauren Hobart

Ms. Hobart serves as President and Chief Govt Officer of DICK’S Sporting Items. She is the third CEO within the firm’s 75-year historical past and the primary non-family member CEO.

“Lauren is a beneficial addition to Marriott’s board of administrators,” stated David Marriott, Chairman of the Board for Marriott Worldwide. “Lauren’s vital impression on shaping a tradition of inclusivity at DICK’S whereas enhancing the teammate and buyer expertise will profit Marriott as we proceed our efforts to create a constructive and sustainable impression wherever we do enterprise.”

Ms. Hobart joined DICK’S in February 2011 as Senior Vice President and Chief Advertising and marketing Officer (CMO). In her time as CMO, Ms. Hobart revamped the corporate’s advertising and marketing efforts, drove vital enchancment within the return on funding of the advertising and marketing spend and was instrumental in growing and launching DICK’S CALIA model. Ms. Hobart was promoted to Govt Vice President and CMO and later to Govt Vice President, Chief Buyer & Digital Officer. She turned President of DICK’S in Could 2017, overseeing the shops, advertising and marketing, eCommerce, know-how, human sources, communications, authorized and technique & analytics organizations, and have become President and CEO in February 2021.

Ms. Hobart has additionally served on the DICK’S board of administrators since January 2018 and is President of The DICK’S Sporting Items Basis. Beneath Ms. Hobart’s management, The DICK’S Sporting Items Basis developed its signature Sports activities Matter initiative in 2014, which has enabled over a million youngsters to have entry to sports activities. Previous to becoming a member of DICK’S, Ms. Hobart spent 14 years at PepsiCo in varied management roles. Previous to PepsiCo, Ms. Hobart was at Wells Fargo Financial institution and JP Morgan Chase.

Grant Reid

Mr. Reid served as President and CEO of Mars, a place he held for nearly 9 years, and led the corporate throughout a interval of serious progress and transformation. He introduced his retirement in June 2022 after a 34-year profession with the corporate. As CEO, Mr. Reid fused efficiency with function, delivered sustainable progress, ramped up Mars’ digital capabilities, constructed its iconic manufacturers and expanded into newer territories like veterinary well being, pet providers, and wholesome snacking. Consequently, underneath Mr. Reid’s management, Mars’ annual gross sales grew by greater than 50% to just about $45 billion, and its international affiliate workforce greater than doubled from 60,000 to 140,000.

“We’re excited to welcome Grant to Marriott’s board of administrators and look ahead to his contributions,” stated Mr. Marriott. “Grant brings with him a wealth of expertise, having led a family-owned firm that produces a few of the world’s most beloved and iconic manufacturers. His acumen in navigating the complexity of worldwide provide chains and his dedication to folks and our planet will assist advance Marriott’s operations and core values.”

Throughout his tenure as CEO, Mr. Reid championed Mars’ work on environmental points, launching its $1 billion Sustainable in a Technology Plan in 2017 and, extra just lately, driving coalitions to speed up cross-industry motion, together with being requested by the previous Prince of Wales to function chair of the Sustainable Markets Initiative’s (SMI) Agribusiness Job Drive.



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