Fly News Breaks for January 17, 2020
Jan 17, 2020 | 06:49 EDT
Berenberg analyst Stuart Gordon downgraded Marriott to Hold from Buy with a price target of $151, up from $140. The analyst says he's beginning to notice some trends, in particular with the pipeline, that are leaving his "a little less enthused." Marriott's fundamentals in terms of room growth and fee growth remain strong, however, following the strong performance in 2019, the shares are close to full value, Gordon tells investors in a research note. He adds that over the last few years, there has been a moderation in Marriott's share of the global pipeline, "such that it is starting to pique our interest."
News For MAR From the Last 2 Days
Feb 18, 2020 | 08:31 EST
Marriott International announced the appointment of Jim Scholefield as Chief Information and Digital Officer, or CIDO, effective February 24. In this role, Scholefield will be responsible for leading all aspects of the company's information technology and digital strategies. Scholefield will report to Stephanie Linnartz, Group President, Consumer Operations, Technology & Emerging Businesses. Most recently, Scholefield was Chief Information and Digital Officer at Merck & Co., one of the world's largest pharmaceutical companies. He led Merck's information technology and digital strategy to drive efficiencies, strengthen the security of the infrastructure and support the company's growth. Prior to Merck, Scholefield was Chief Information Officer at Nike, where he led digital transformation and enterprise IT capability improvements for critical infrastructure and state-of-the-art cybersecurity. He also spent five years as Chief Technology Officer at The Coca-Cola Company, leading the company's transformation to cloud technology, and held leadership roles at The Northern Trust Company and Ford Motor Company.