Seen on ehotelier.com; 30 May 2007
The Board of Directors of Hilton Hotels Corporation (NYSE:HLT) announced today that Matthew J. Hart, the company's president and chief operating officer, will assume the role of president and chief executive officer effective January 1, 2008. Mr. Hart, 54, who was also elected to the company's board in January 2007, will replace Stephen F. Bollenbach as company CEO.
As previously announced, Mr. Bollenbach will retire as CEO December 31, 2007, but continue as co-chairman of the board and serve as an employee consultant.
The following executives continue reporting directly to Mr. Hart: Ian R. Carter, executive vice president and chief executive officer, Hilton International; Thomas L. Keltner, executive vice president and chief executive officer, Americas and Global Brands; Antoine Dagot, executive vice president and president/chief executive officer, Hilton Grand Vacations Company; Tim Harvey, executive vice president, global distribution services and chief information officer; and Molly McKenzie-Swarts, executive vice president, human resources, diversity and administration. In addition, Madeleine A. Kleiner, executive vice president, general counsel and corporate secretary, and Robert M. La Forgia, executive vice president and chief financial officer begin reporting to Mr. Hart effective immediately.
Mr. Hart will become only the fourth chief executive officer in the company's nearly 90-year history, following Conrad N. Hilton, Barron Hilton and Mr. Bollenbach. Since joining Hilton in 1996, he has been instrumental in completing several strategic transactions, including the acquisitions of Bally's Entertainment, Promus Hotel Company and Hilton International; creating and implementing the company's financial strategy; overseeing the acquisition of numerous hotel properties; and introducing several new product, service and marketing initiatives, including the launch of the company's new luxury brand, The Waldorf=Astoria Collection.