Marriott adds Taco Bell CEO to board of directors

BETHESDA, Md. - Marriott International, Inc. (NASDAQ: NASDAQ:MAR), the $77 billion hospitality giant currently maintaining a "GREAT" financial health score according to InvestingPro, announced the election of Sean Tresvant, CEO of Taco Bell Corp., as an independent director to its board, effective February 12, 2025. Tresvant's appointment is part of the company's slate of nominees for the upcoming annual meeting of stockholders.

Sean Tresvant has been recognized for his leadership at Taco Bell, where he has driven significant growth and brand loyalty through initiatives such as Taco Bell's Taco Tuesday and has expanded the brand's global presence. His focus on culture and community, alongside digital and in-store sales growth, aligns with Marriott's vision for innovation and future growth, as evidenced by the company's impressive 82% gross profit margin and 7.25% revenue growth over the last twelve months.

Prior to his tenure at Taco Bell, Tresvant held various positions at Nike (NYSE:NKE), including Chief Marketing Officer for the Jordan Brand, and had roles at Time Inc.'s Sports Illustrated and PepsiCo (NASDAQ:PEP). His educational background includes an MBA from Seattle University and both a BA and MA in Communications from Washington State University.

With Tresvant joining, Marriott International's board will consist of 13 directors, 10 of whom are independent. The board includes notable figures such as David S. Marriott, Chairman of the Board; Anthony G. Capuano, President and CEO of Marriott International; and other former executives and CEOs from various industries.

Marriott International, a hospitality leader with nearly 9,100 properties worldwide, operates a range of hotels and resorts and manages the Marriott Bonvoy travel program. The company encourages stakeholders to follow its investor relations and news center websites for updates.

This announcement is based on a press release statement, and it should be noted that forward-looking statements regarding the anticipated benefits of Tresvant's board membership involve risks and uncertainties. Actual results may differ from expectations due to factors described in the company's SEC filings.

In other recent news, Marriott International has been in the spotlight with several key developments. Argus analysts have increased their stock price target for Marriott to $330, maintaining a Buy rating, citing the company's potential for earnings growth in 2025. This outlook is supported by Marriott's impressive gross profit margin of 82% and revenue growth of 7.25% in the last twelve months.

Marriott has also expanded its portfolio with the acquisition of Postcard Cabins, an outdoor hospitality brand, to cater to growing demand for nature-immersive travel. Truist Securities, while keeping a Hold rating, has raised its price target for Marriott to $277, based on increased multiples applied to the company's projected EBITDA for 2025.

TD Cowen, maintaining a Buy rating, reduced the stock's price target from $295.00 to $283.00, reflecting the company's third-quarter performance and future expectations. BofA Securities increased its price target for Marriott to $300, retaining a Neutral rating, based on the company's third-quarter 2024 results and revised operating assumptions.

These are among the recent developments shaping Marriott's financial landscape. As the company continues to navigate the evolving market dynamics, these updates provide key insights into its strategic direction and financial performance.

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