Arne Sorenson, president and CEO of Marriott International (MAR) , passed away after a two-year cancer battle. He was 62.
On Tuesday, the company announced his passing.
"It is with profound sadness that Marriott International announces that Arne M. Sorenson, President and CEO, unexpectedly passed away on February 15, 2021," the statement read.
Sorenson joined the company in 1996. His leadership skills helped him become the CEO of the company in 2012. He was the first person to hold that position without ‘Marriot’ as a last name and was the third CEO in Marriott's history.
The company remembers him as a "visionary leader."
"...Sorenson put the company on a strong growth trajectory that included the $13-billion acquisition of Starwood Hotels & Resorts," the company said, in a statement. "During his tenure as CEO, Mr. Sorenson was tireless in driving the company’s progress, creating opportunities for associates, growth for owners and franchisees and results for the company’s shareholders."
Sorenson was diagnosed with stage 2 pancreatic cancer in 2019.
On February 2, Sorenson updated his health condition to his coworkers where he was looking forward to returning back to work, unfortunately it never happened.
“Arne was an exceptional executive – but more than that – he was an exceptional human being," said J.W. Marriott, Jr. Executive Chairman at Marriott.
Latest Videos From TheStreet and Jim Cramer:
- Coronavirus: The Latest Numbers on the COVID-19 Pandemic
- What the New Reality of Shopping Means for Superstores & Consumers
- How Do You Short a Stock?
- What Is Happening to GameStop Stock? Jim Cramer Explains
- How to Break Diversity Barriers on Wall Street
- What Diversity Means for a Company's Bottom-Line: Al Roker
- Why Terrell Davis Dove Into Business of CBD - Sport of Money