Capuano, group president for global development and a 25-year Marriott veteran, replaces Arne Sorenson, who died last week while on treatment for pancreatic cancer.
“We have taken the destructive events at the Capitol to undermine a legitimate and fair election into consideration and will be pausing political giving from our Political Action Committee to those who voted against certification of the election.”
The company reported a loss of 64 cents per share in Q2, much worse than analysts’ expectations of a 42-cent loss. Revenue plunged 72.4% to $1.46 billion, missing estimates of $1.68 billion.
