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Starwood president and CEO resigns

Frits van Paasschen's quitting has been building over the past few months and came to a head this weekend: chairman Bruce Duncan

Published Wed, Feb 18, 2015 · 09:50 PM
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Los Angeles

STARWOOD Hotels & Resorts Worldwide Inc's new chief executive officer may need to acquire new brands and expand into lower-priced segments of the industry, avoided by the company previously, to catch up with growth at competitors such as Marriott International Inc.

Frits van Paasschen resigned as president and CEO of Stamford,…

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