Wyndham Worldwide Announces Departure of Steven A. Rudnitsky
Departing President and CEO of the Wyndham to Get $2.2 million Severance
PARSIPPANY, NJ September 2, 2008. Wyndham Worldwide (NYSE:WYN) today announced that Steven A. Rudnitsky, president and chief executive officer of the Wyndham Hotel Group business unit, is leaving the company to pursue other interests. A search for a new CEO for the business is underway.
"Steve's leadership transformed our lodging business from a pure domestic franchise company into a major global franchise and management company through the acquisition of world-class brands, acceleration of international hotel development and the strengthening of our core domestic operations. I thank him for his many valuable contributions. As we search for his successor, we will be looking for a new leader who can build on this solid and stable business platform," commented Stephen P. Holmes, chairman and CEO of Wyndham Worldwide.
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